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Raymond Ltd. delivered strong Q2 results, with net profit doubling to INR 59 crore, primarily driven by the significant growth of its real estate and engineering divisions. Total revenue rose sharply to INR 1,044.7 crore, reflecting effective market strategies. The real estate segment alone achieved 135% year-on-year growth, with revenue at INR 571 crore, while the engineering sector posted a 121% increase. Chairman Gautam Hari Singhania stressed the importance of timely project delivery, highlighting the company's commitment to integrating residential and commercial ventures. Raymond's strategic approach highlights its dedication to sustainable growth and market leadership.
Raymond Ltd. has reported a robust year-on-year (YoY) increase in consolidated net profit for the second quarter, nearly doubling to INR 59 crore from the previous INR 27.8 crore, primarily driven by strong growth in its real estate and engineering segments. The company's revenue from operations also surged significantly, reaching INR 1,044.7 crore compared to INR 470 crore in Q2 FY24, showcasing the effective execution of its strategic initiatives designed to leverage prevailing market conditions. Advertisement
While revenue saw substantial gains, the EBITDA margin slightly contracted from 11.9% to 11.1% this quarter, though EBITDA itself climbed impressively to INR 116 crore from last year's INR 55.8 crore, a testament to the firm's operational resilience. Gautam Hari Singhania, Raymond Ltd.'s Chairman and Managing Director, highlighted the company's sustained momentum, particularly within its real estate and engineering businesses. He pointed to the recent launch of Park Avenue-High Street Reimagined in Thane as an example of this growth.
This unique retail space enhances Raymond Realty's residential offerings by integrating a commercial dimension into the lifestyle ecosystem. Singhania asserted that project execution stands as Raymond's core strength, with a continued focus on consistently delivering ahead of RERA timelines. This commitment reflects the company's dedication to blending residential and commercial spaces, offering customers a well-rounded lifestyle experience. Raymond's real estate segment achieved impressive growth, with revenue surging 135% compared to last year, reaching INR 571 crore and quarterly sales summing to INR 562 crore. The segment's EBITDA surged to INR 112 crore in Q2 FY25, up from INR 47 crore the previous year, underscoring Raymond's successful focus on real estate as a revenue driver.
The engineering division also posted impressive results, with revenue rising by 121% YoY to INR 443 crore and an EBITDA margin of 11%. Strong domestic demand for flex plates, ring gears, and shaft bearings drove this growth, although geopolitical factors and fluctuating market demand continued to challenge exports. Raymond's performance in Q2 underscores its proactive approach to managing and scaling across varied business segments, even amid external pressures. Focused on timely project completion, product innovation, and strategic market expansion, Raymond is well-positioned to harness emerging opportunities and reinforce its market standing.
The robust performance of both the real estate and engineering divisions underscores Raymond's commitment to a sustainable growth strategy that stresses industry leadership and long-term value creation. Through a balanced approach of reinvestment and operational excellence, Raymond Ltd. sets a positive trajectory for sustained growth, profitability, and market share expansion as it continues to build a resilient and diversified business portfolio.
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