Raymond Ltd (BOM:500330) Q4 2025 Earnings Call Highlights: Strong Real Estate Growth and ...

GuruFocus News

Thu, May 15, 2025, 2:00 AM 4 min read

• Total Income (Continuing Operations): ?601 crore successful Q4 FY25; ?2,105 crore for FY25.

• EBITDA (Continuing Operations): ?99 crore successful Q4 FY25; ?335 crore for FY25.

• EBITDA Margin (Continuing Operations): 16.4% successful Q4 FY25; 15.9% for FY25.

• Engineering Business Sales: ?528 crore successful Q4 FY25.

• Engineering Business EBITDA: ?81 crore successful Q4 FY25.

• Engineering Business EBITDA Margin: 15.3% successful Q4 FY25.

• Net Cash Surplus: ?263 crore arsenic of March 2025.

• Gross Debt: ?677 crore arsenic of March 2025.

• Cash and Cash Equivalents: ?940 crore arsenic of March 2025.

• Real Estate Revenue: ?766 crore successful Q4 FY25, a 13% maturation from Q4 FY24.

• Real Estate EBITDA: ?194 crore successful Q4 FY25, a 13% maturation from Q4 FY24.

• Real Estate EBITDA Margin: 25.3% successful Q4 FY25.

• Real Estate Bookings: ?636 crore successful Q4 FY25.

• Real Estate Net Cash Surplus: Close to ?400 crore arsenic of March 2025.

• Warning! GuruFocus has detected 3 Warning Signs with BOM:500330.

Release Date: May 13, 2025

For the implicit transcript of the net call, delight notation to the afloat net telephone transcript.

• Raymond Ltd (BOM:500330) reported a beardown quarterly show with a full income of ?601 crore and an EBITDA of ?99 crore, achieving a borderline of 16.4% successful Q4 FY25.

• The institution successfully demerged its existent property business, positioning Raymond Realty arsenic an autarkic entity, which is expected to prosecute its maturation trajectory.

• Raymond Ltd remains a nett debt-free concern with a nett currency surplus of ?263 crore arsenic of March 2025.

• The existent property conception reported a 13% year-on-year maturation successful revenue, reaching ?766 crore successful Q4 FY25, with an EBITDA borderline of 25.3%.

• The aerospace concern is showing promising signs of recovery, with anticipated maturation momentum pursuing the solution of accumulation issues faced by large craft manufacturers.

• Export markets for the car ancillary and engineering consumable segments stay subdued owed to the ongoing slowdown successful the European automotive marketplace and disruptions caused by the Red Sea shipping crisis.

• The Indian economy's maturation complaint successful Fiscal 2025 was somewhat little than the erstwhile year, which could interaction wide marketplace dynamics.

• Recent argumentation changes person introduced uncertainty impacting markets worldwide, posing challenges for strategical decision-making.

• The car assemblage constituent conception is experiencing caller softness owed to weaker marketplace conditions, which whitethorn interaction near-term growth.

• The existent property marketplace faces imaginable delays successful task launches owed to support processes and ineligible constraints, peculiarly successful the Mumbai metropolitan region.

Q: What are the highest backing requirements for the Realty division's Joint Development Agreements (JDAs), and however bash the operation backing rates comparison to different developers? A: Harmohan Sahni, CEO - Realty: The highest backing request for each JDA ranges betwixt ?250 crore to ?400 crore, depending connected the project. Amit Agarwal, Group CFO: The involvement rates for operation backing are betwixt 8% to 9.9%, which are competitory owed to the company's bully recognition rating.