Overview

• Net profit fell 52% to Rs 17 crore in the June quarter from Rs 34 crore year-on-year on a like-for-like basis after the demerger.
• Total income declined 21% to Rs 392 crore as project off-takes slowed in core Mumbai markets.
• Sales bookings halved to Rs 306 crore from Rs 611 crore a year ago as consumer sentiment cooled in the April-June period.
• These figures represent Raymond Realty’s first standalone quarterly results since its 1:1 spin-off from Raymond Ltd and stock exchange debut in July.
• The debt-free developer continues to oversee a Rs 40,000 crore development pipeline anchored by its Thane land bank.