Raymond Realty Ltd on Friday reported a 19 per cent decline in its consolidated net profit to Rs 13.43 crore for the quarter ended June on higher operational expenses.Its profit stood at Rs 16.50 crore in the year-ago period.The total income, however, rose to Rs 535.71 crore in the first quarter of this fiscal from Rs 391.86 crore in the corresponding period of the preceding year, according to a regulatory filing.Raymond Realty reported sales bookings of Rs 700 crore in Q1 FY27 compared to Rs 306 crore in the year-ago period.The company is one of the leading real estate developers in the country.
Raymond Realty Q1 net profit falls 19 pc to Rs 13.43 cr on higher expenses
Raymond Realty experienced a 19% drop in profit for the quarter that ended in June, primarily due to increased operational costs that affected net earnings. Despite this, the total income rose to Rs 535.71 crore year-on-year. Moreover, the company reported impressive sales bookings of Rs 700 crore in the first quarter of FY27, representing a substantial increase from Rs 306 crore during the same period last year.
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