Is Raymond Realty a Good Buy After Its Q1 FY27 Results?

Raymond Realty share price around Rs 553. 24.8% below 52-week high of Rs 735. Q1 FY27 revenue Rs 536 crore, up 36.7% YoY. PAT Rs 13 crore, down 18.6%. PE 12x.

The Raymond Realty share price has been under the spotlight this results season after the company reported its first-quarter numbers for FY27. Raymond Realty is the demerged real estate development business of the Raymond Group, and its Q1 FY27 print, for the quarter ended June 30, 2026, gives investors a fresh data point to test whether the stock still deserves a place in a portfolio at current levels.

Revenue for the quarter came in at Rs 536 crore, up 36.7% year on year, while profit after tax came in at Rs 13 crore, down 18.6% from a year earlier. That combination of numbers is exactly what this article breaks down, along with what it means for the Raymond Realty share price from here.

This piece works through the quarter’s financial highlights, the business factors behind the numbers, where the Raymond Realty share price stands against its 52-week range and valuation multiples, and the key risks worth watching before treating this as a buy, hold or a stock to avoid for now.

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Raymond Realty Q1 FY27 Financial Highlights

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue	Rs 536 crore	Rs 392 crore	36.7%
EBITDA	Rs 70 crore	Rs 41 crore	70.5%
Operating Margin	13.3%	10.8%	NA
Profit Before Tax	Rs 15 crore	Rs 21 crore	-29.3%
Net Profit / (Loss)	Rs 13 crore	Rs 16 crore	-18.6%

Raymond Realty Q1 FY27 Performance Analysis

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Revenue growth of 36.7% for the quarter came from steady demand across the company’s core business, keeping the topline trend intact for the real estate development sector.

Profitability is where the quarter disappointed. PAT fell 19% year on year to Rs 13 crore even as revenue grew, which points to margin or cost pressure that management will need to address. This gap between top-line and bottom-line performance is the key thing weighing on the Raymond Realty share price this quarter.

On a sequential basis, revenue moved down 54.4% sequentially from Rs 1,176 crore in the March 2026 quarter and net profit moved down 91.7% sequentially from Rs 161 crore in the prior quarter, giving a fuller picture of the trend behind the Raymond Realty share price than the year on year comparison alone.

Key Business Factors in Q1 FY27

Revenue Trend

Raymond Realty’s revenue grew 36.7% year on year this quarter, taking the quarterly base to Rs 536 crore in a real estate development business that remains sensitive to demand and pricing cycles that ultimately feed through to the Raymond Realty share price.

Margin Movement

EBITDA rose 70.5% to Rs 70 crore, and operating margin moved to 13.3% from 10.8% a year earlier, a sign that cost control or pricing held up during the quarter.

Balance Sheet Position

Raymond Realty’s debt-to-equity ratio stands at 0.65, a level worth monitoring given the quarter’s margin trend.

Valuation Context

The stock trades at a PE of 11.8x, below the industry average of 33.9x, which is worth factoring into any read of whether the Raymond Realty share price is expensive or reasonably priced.

Dividend Details

No interim dividend was declared alongside Raymond Realty’s Q1 FY27 results. The stock currently carries a trailing dividend yield of 0.37%, based on dividends paid over the last year. Investors tracking the Raymond Realty share price for income should watch the company’s announcements around its next annual results for any dividend decision.

Raymond Realty Share Price Outlook for FY27

The key question for the rest of FY27 is whether Raymond Realty can arrest the margin pressure seen this quarter. Revenue growth alone will not be enough to support the Raymond Realty share price if profitability keeps slipping, so investors should watch the next couple of quarters for signs of a turnaround in the bottom line.

A stabilising or improving margin trend in the next result would be the clearest signal that this quarter’s profit decline was a temporary setback rather than the start of a longer slide for the Raymond Realty share price.

Raymond Realty Stock Performance

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The Raymond Realty share price was trading around Rs 553 as results season played out in late August 2026, roughly 24.8% below its 52-week high of Rs 735 and well above its 52-week low of Rs 349. Promoter holding stood at 50.9% as of the June 2026 quarter.

The Raymond Realty share price has likely already absorbed some of this quarter’s disappointment, but further downside is possible if the next results confirm the same trend rather than a one-off. On profitability ratios, the company reports a return on equity of 19.43% and a book value of around Rs 235 per share, both useful reference points when judging whether the current price is reasonable.

Key Risks

Profitability Risk

The quarter’s profit trend is the clearest risk here. Until Raymond Realty shows a sustained improvement in margins or the bottom line, the stock is likely to stay volatile around results.

Leverage Risk

A debt-to-equity ratio of 0.65 means the company’s earnings are more sensitive to interest rate and refinancing conditions than a lower-debt peer.

Sector and Demand Risk

As a real estate development business, Raymond Realty’s results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Raymond Realty share price well before the next result.

Conclusion

Raymond Realty’s Q1 FY27 results show a business still growing its top line but losing ground on profitability, with PAT down 19% to Rs 13 crore even as revenue rose. The Raymond Realty share price reflects a stock in wait-and-watch mode, and it is not an obvious buy purely on this quarter’s numbers until the margin trend turns around.

Frequently Asked Questions on Raymond Realty Q1 FY27 Results

What were Raymond Realty’s Q1 FY27 results?

Ans. Raymond Realty reported Q1 FY27 revenue of Rs 536 crore, up 36.7% year on year, and PAT of Rs 13 crore, down 18.6% year on year.

Is Raymond Realty a good buy after its Q1 FY27 results?

Ans. Raymond Realty’s profitability came under pressure this quarter, which makes this a stock to watch rather than an obvious buy purely on this result. Investors should form their own view based on their own risk appetite and time horizon.

What is the Raymond Realty share price today?

Ans. The Raymond Realty share price was trading around Rs 553 in late August 2026, about 24.8% below its 52-week high of Rs 735 and well above its 52-week low of Rs 349.

What is Raymond Realty’s revenue and profit for Q1 FY27?

Ans. Raymond Realty reported revenue of Rs 536 crore and a net profit of Rs 13 crore for the quarter ended June 30, 2026.

Did Raymond Realty declare a dividend with its Q1 FY27 results?

Ans. No interim dividend was declared alongside Raymond Realty’s Q1 FY27 results. Investors should track the company’s next annual results for any dividend announcement.

What is Raymond Realty’s PE ratio and is it expensive?

Ans. The Raymond Realty share price trades at a trailing PE of 11.8x, against an industry average of 33.9x. Investors should compare this with the company’s growth rate before judging value.

What are the key risks for Raymond Realty investors right now?

Ans. The quarter’s profit trend is the clearest risk here. Until Raymond Realty shows a sustained improvement in margins or the bottom line, the stock is likely to stay volatile around results. As a real estate development business, Raymond Realty’s results remain tied to sector-specific demand, pricing and regulatory cycles that can shift from quarter to quarter and move the Raymond Realty share price well before the next result.

What is Raymond Realty’s promoter shareholding?

Ans. Promoter holding in Raymond Realty stood at 50.9% as of the June 2026 quarter.