Raymond Ltd shares surged to the higher circuit, gaining ₹26.20 (4.99 per cent) to shut at ₹551.20, after opening on the similar value. The inventory was locked at its most every day allowable improve following the corporate’s announcement of its profitable actual property enterprise demerger.
The sharp rise displays investor enthusiasm for the strategic separation of Raymond’s engineering and actual property companies. Nevertheless, it’s value noting that the present share value represents a big decline of ₹1,013.10 (64.76 per cent) from its subject value, indicating substantial worth adjustment following the demerger course of.
Raymond Ltd has efficiently demerged its actual property enterprise right into a separate entity, Raymond Realty Restricted (RRL), with the method accomplished on Could 1, 2025, in line with a press launch issued in the present day. The file date for figuring out eligible shareholders is Could 14, 2025, with shareholders receiving one RRL share for every Raymond Ltd share held.
The engineering enterprise, which now constitutes Raymond Ltd’s persevering with operations, reported a 95 per cent year-on-year improve in complete revenue, reaching ₹601 crore for This fall FY25. This phase’s EBITDA stood at ₹99 crore with a margin of 16.4 per cent, displaying 38 per cent progress in comparison with This fall FY24.
In the meantime, the demerged actual property enterprise posted a quarterly income of ₹766 crore, a 13 per cent improve from the earlier yr, with a strong EBITDA of ₹194 crore and margin of 25.3 per cent. The phase secured a reserving worth of ₹636 crore in This fall FY25.
Raymond Realty has additionally expanded its portfolio by signing two extra Joint Improvement Agreements (JDAs) in Mahim and Wadala with a mixed Gross Improvement Worth of roughly ₹6,800 crore. With these additions, the corporate’s complete potential income from its actual property enterprise now approaches ₹40,000 crore.
Each firms will stay internet money surplus, with Raymond Ltd holding ₹263 crore and Raymond Realty Ltd possessing ₹399 crore. The newly demerged Raymond Realty is predicted to be listed in Q2 FY26.
Revealed on Could 14, 2025
