Raymond Ltd

The record date for the demerger is set for Wednesday, 14 May 2025, to determine shareholder eligibility. As part of the arrangement, shareholders will receive one share of Raymond Realty for every share held in Raymond. The steep fall in Raymond's stock is not indicative of a sell-off but reflects the price adjustment due to the spinoff of its real estate vertical. Raymond Realty will now operate independently as a standalone listed entity. The demerger plan was first announced in July 2024 and received approval from the National Company Law Tribunal in March 2025. It officially came into effect on 1 May 2025. Post-demerger, investors will hold equity in both Raymond and Raymond Realty. Raymond Realty is expected to be listed on the stock exchanges in the second quarter of FY2025-26. The move is part of Raymond Group's broader strategy to unlock value by restructuring its operations into focused verticals. This marks the group's second major demerger, following the listing of Raymond Lifestyle in September 2024. During the Q4 quarter, the real estate business delivered a robust quarterly performance with a revenue of Rs 766 crore in Q4 FY25 from Rs 677 crore in Q4FY24 recording a growth of 13%. It reported an EBITDA of Rs 194 crore in Q4 FY25 from Rs 171 crore in Q4 FY24 and an EBITDA margin at 25.3% in Q4FY25. Raymond's real estate business signed two new Joint Development Agreements (JDAs) in Mahim and Wadala, with a combined Gross Development Value (GDV) of approximately Rs 6,800 crore. With these additions, the total potential revenue from the current real estate portfolio stands at nearly Rs 40,000 crore, comprising around Rs 25,000 crore from the Thane land parcel and approximately Rs 14,000 crore from the JDA-led model. In Q4 FY25, the business recorded a strong booking value of Rs 636 crore, driven primarily by sustained demand for projects such as The Address by GS 2.0, Invictus, and Park Avenue ' High Street Retail in Thane, as well as The Address by GS in Bandra under the JDA model. Additionally, the real estate segment has turned net cash surplus, reporting Rs 399 crore in cash. Raymond Group, a pioneer in fabric manufacturing since 1925, later expanded into sectors such as engineering and real estate. Following the demerger of its lifestyle business into a separate listed entity in 2024, and now its real estate division, Raymond is now focused on its core strength'engineering. The company's engineering business is a market leader in the production of files and hand tools, with a strong footprint in both domestic and international markets. With the recent acquisition of Maini Precision Products Limited (MPPL), Raymond's engineering arm is set to transform into a large-scale provider of components for engineering, automotive, electric vehicles (EV), aerospace, and defense sectors. Powered by Capital Market - Live

Net profit of Raymond declined 42.08% to Rs 132.76 crore in the quarter ended March 2025 as against Rs 229.21 crore during the previous quarter ended March 2024. Sales rose 109.67% to Rs 557.46 crore in the quarter ended March 2025 as against Rs 265.88 crore during the previous quarter ended March 2024. For the full year,net profit rose 365.97% to Rs 7631.36 crore in the year ended March 2025 as against Rs 1637.75 crore during the previous year ended March 2024. Sales rose 100.17% to Rs 1946.84 crore in the year ended March 2025 as against Rs 972.57 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales557.46265.88 110 1946.84972.57 100 OPM %7.983.66 -6.751.63 - PBDT70.9347.89 48 224.44171.97 31 PBT34.2027.29 25 78.34112.76 -31 NP132.76229.21 -42 7631.361637.75 366 Powered by Capital Market - Live

Raymond will hold a meeting of the Board of Directors of the Company on 12 May 2025.Powered by Capital Market - Live

TXREL was incorporated as step-down wholly owned subsidiary with an object to undertake joint development/redevelopment real estate projects. The company will invest an amount upto Rs 65 crore through redeemable preference shares. The terms and conditions of redeemable preference shares would be mutually decided and agreed at the time of issue. The amount proposed for investment would be utilized for the purpose of execution of redevelopment project by TXREL. Raymond Group has been a pioneer and leader in fabric manufacturing, since 1925, and then forayed into other sectors such as engineering business and Real Estate. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymond's engineering business is well known with its leadership position in manufacturing files and hand tools and has a significant presence in national and international markets. Raymond's consolidated net profit tumbled 61.01% to Rs 72.28 crore in Q3 FY25 as against Rs 185.39 crore posted in Q3 FY24. Net sales jumped 40.6% YoY to Rs 953.90 crore in Q3 FY25. The counter rallied 4.98% to end at Rs 1,481 on Friday, 21 March 2025.Powered by Capital Market - Live

Raymond announced that a cyber security incident has occurred at the Company and it has impacted some of the IT assets which have been isolated. The incident has not impacted our core systems and operations. None of our customer operations and store operations have been affected and the same are up and running normally, added the company. Powered by Capital Market - Live

Raymond announced that its 100% owned step-down subsidiary, Ten X Realty West, has signed a Joint Development Agreement of a prestigious residential project in the prime location of Mahim West, Mumbai. This landmark project is estimated to have a revenue potential of approximately Rs. 1,800 crore and marks the Company's second venture in this sought-after area of Mumbai. This also represents the 5th project undertaken by the Company outside of its existing developments in Thane, underscoring its strategic expansion within the Mumbai Metropolitan Region (MMR). This project will be the second residential project that the company will be developing in Mahim West, Mumbai. This significant development aligns with Raymond Limited's growth strategy to capitalize on opportunities within the dynamic MMR real estate market. The project is poised to contribute substantially to the Company's future growth and solidify its presence as a key player in the region. With addition of this project, the Gross Development Value of Real Estate projects of the company will be close to Rs. 35,000 crore.Powered by Capital Market - Live

However, revenue from operations jumped 35.55% year on year (YoY) to Rs 985.35 crore in the quarter ended 31 December 2024. Profit before tax (PBT) rose 14% YoY to Rs 100 crore during the December 2024 quarter. EBITDA stood at Rs 169 crore, registering a growth of 33% as compared with Rs 127 crore in same quarter last year. EBTDA margin reduced to 17.2% in Q3 FY25 from 17.5% in Q3 FY24. Raymond Realty posted revenue of Rs 488 crore in Q3 FY25 from Rs 439 crore in Q3 FY24 recording a solid growth of 11%. The segment reported an EBITDA of Rs 116 crore in third quarter of FY25 from Rs 97 crore in Q2 FY24. EBITDA margin at 23.8% in Q3 of FY25, up 160 bps. The company achieved a booking value of Rs 505 crore, primarily driven by demand for The Address by GS 2.0, 'TenX ERA', sale of retail shops in Thane and in JDA 'The Address by GS' in Bandra. The firm stated that the total potential revenue from its current Real Estate Business is more than Rs 32,000 crore, which includes over Rs 25,000 crore from Thane Land parcel and over Rs 7,000 crore from 4 separate JDA's. The realtor's engineering business reported sales of Rs 433 crore in Q3 FY25, doubling revenue compared to Rs 217 crore in the same quarter of the previous year, including revenue from Maini Precision Products (MPPL). The segment delivered an EBITDA margin of 12% in Q3 FY25 lower as compared to 13.8% in Q3 FY24, mainly due to changes in the product mix. The aerospace business is expected to grow post resolution of production issues faced by one of the largest aircraft manufacturer leading to delays in order. The firm has a net cash surplus of Rs 696 crore at the end of the current quarter. Gautam Hari Singhania, chairman & managing director, 'We witnessed continued growth momentum in our Real Estate business during the quarter, with a strong booking value on account of successful launch of a new residential tower and continued traction in high street retail shops on our Thane land. Additionally, we remain optimistic about the future of our Engineering business, particularly in the aerospace sector, where we foresee significant growth opportunities. As we enter the last quarter of the financial year, we remain optimistic about the growth trends across businesses and we are confident in our ability to deliver sustained value to our stakeholders.' Raymond Group has been a pioneer and leader in fabric manufacturing, since 1925, and then forayed into other sectors such as engineering business and Real Estate. Raymond Realty has cemented its position amongst the home buyers in MMR region. Raymond's engineering business is well known with its leadership position in manufacturing files and hand tools and has a significant presence in national and international markets. The scrip rose 0.61% to Rs 1,516.50 on the BSE.Powered by Capital Market - Live

Net profit of Raymond declined 60.69% to Rs 72.13 crore in the quarter ended December 2024 as against Rs 183.50 crore during the previous quarter ended December 2023. Sales rose 40.60% to Rs 953.90 crore in the quarter ended December 2024 as against Rs 678.46 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales953.90678.46 41 OPM %13.688.38 - PBDT133.6783.46 60 PBT92.1165.57 40 NP72.13183.50 -61 Powered by Capital Market - Live

Net profit of Raymond declined 53.10% to Rs 75.55 crore in the quarter ended December 2024 as against Rs 161.10 crore during the previous quarter ended December 2023. Sales declined 9.34% to Rs 399.58 crore in the quarter ended December 2024 as against Rs 440.75 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales399.58440.75 -9 OPM %16.6810.91 - PBDT106.1790.57 17 PBT94.0077.86 21 NP75.55161.10 -53 Powered by Capital Market - Live

Raymond will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live