Raymond Realty Ltd.'s consolidated net profit more than doubled in the first quarter of the current financial year.
The real estate firm posted a net profit of Rs 16.5 crore in the June quarter as compared to Rs 7.4 crore in the year-ago period, according to an exchange filing on Tuesday.
Raymond Realty Q1 FY26 Highlights (Consolidated, YoY)
Revenue at Rs 374.35 crore versus Rs 129.68 crore.
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Net profit at Rs 16.5 crore versus Rs 7.44 crore.
Ebitda up 35% to Rs 23.68 crore versus Rs 17.52 crore.
Margin narrows to 6.3% versus 13.5%.
Shares of Raymond Realty closed 4.3% higher at Rs 724.65 apiece on the NSE, compared to a 0.3% fall in the benchmark Nifty. The stock has fallen 25.23% in the last 12 months.
One analyst tracking the company has a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 24.6%.
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