Slides
Page 1
R AY M O N D LI M I TED Q4FY25 & FY25 R E S U L TS P R E S E N T A T I O N 12th May 2025 1
Page 2
TABLE OF CONTENT 2 Pages 1 Q4FY25 & FY25 Highlights 3-6 2 Engineering Business 7-12 3 Real Estate Business 13-28 5 Management 29-31 6 Disclaimer 31-32 4 Current Status and Outlook 25-27
Page 3
Continuing Operations* Raymond Continues to Deliver Steady Quarterly Performance FINANCIAL PERFORMANCE Demerged Segment# Total Income ₹601 Cr YoY 95% EBITDA ₹99 Cr YoY 38% Margin 16.4% PBT ₹45 Cr YoY (4%) Margin 7.4% Revenue ₹766 Cr YoY 13% EBITDA ₹194 Cr YoY 13% Margin 25.3% Booking Value ₹ 636 Cr RESTRUCTURING UPDATE Real Estate Business Demerger Completed Successfully, Record Date – May 14, 2025. Listing Expected in Q2FY26 Engineering Business Scheme filed with NCLT, received shareholder’sand creditors approval, awaiting final order * Continuing Operations - Engineering Business including, Maini Precision Product Limited. # Demerged Segment - Real Estate Businesssuccessfully demerged Continue to be in a Net Debt-Free Position 3
Page 4
Q4FY25 & FY25 HIGHLIGHTS
Page 5
205 219 234 528 Q4FY22 Q4FY23 Q4FY24 Q4FY25 56 70 171 194 Q4FY22 Q4FY23 Q4FY24 Q4FY25 34 33 37 81 Q4FY22 Q4FY23 Q4FY24 Q4FY25 321 289 677 766 Q4FY22 Q4FY23 Q4FY24 Q4FY25 Q4FY25 & FY25 — Continued Momentum for Profitable Growth With record quarterly Revenue and EBITDA performance REAL ESTATE# ENGINEERING* * Including Maini Precision Product Limitedin Q4FY25. EBITDA & EBITDA Margin (₹Cr.) Booking Value (₹Cr.) Revenue (₹Cr.) 126% YoY Growth MPPL EBITDA (₹Cr.) & EBITDA Margin Revenue (₹Cr.) 292 16.6% 15.8%14.9% 15.3% 5 17.5% 24.3% 25.3% 25.3% 318 473 840 636 Q4FY22 Q4FY23 Q4FY24 Q4FY25 51% CAGR 34% CAGR MPPL # Real Estate Businesssuccessfully demerged 236 34 47 119% YoY Growth
Page 6
Note: As the acquisition of MPPL was completed on 28th March 24, the above table includes MPPL business in Q4FY25 and FY25 Demerged Operations includes Lifestyle Business and Realty Business in the above table Consolidated Results Q4FY25 & FY25 Particulars (₹ Cr.) Q4 FY25 Q3 FY25 Q4 FY24 YoY Change FY25 FY24 YoY Change Revenue from operations 557 466 266 1,947 973 Other income 44 27 43 158 165 Total Income 601 493 309 95% 2,105 1,137 85% Expenses 503 427 237 1,770 900 EBITDA 99 65 72 38% 335 238 41% EBITDA Margin % 16.4% 13.3% 23.3% 15.9% 20.9% Depreciation 37 37 21 146 59 Interest Expense 17 16 5 65 9 PBT before exceptions 45 12 47 (4%) 123 170 (27%) PBT margin % 7.4% 2.4% 15.1% 5.9% 14.9% Exceptional Items 0 0 (11) 0 (34) Taxes (9) (1) (4) -26 -24 Associate / JV / Minority (10) (7) (19) -45 -57 Net Profit from Continuing Operations 25 4 13 101% 52 54 (4%) Net Profit from Demerged Operations (after Tax) 112 68 217 7,584 1,589 Total Net Profit for the Period (Continuing + Demerged Operations) 137 72 230 (40%) 7,636 1,643 365% 6
Page 7
Engineering BUSINESS
Page 8
Raymond Engineering Business Steel Files and Tools & Hardware 1 Auto and EV Component 2 Aerospace & Defense3 Engineering Business has 3 Verticles One of India’s Largest Supplier of High Precision, Mission-Critical Components to Global Aerospace & Defense OEMs. 8
Page 9
• Caters to Multiple Segments - Clean Powertrain, EV, Hydraulics, Industrials, Power Tools, Marine, Locomotive and Agricultures. • 6 Product Families and 800+ components. • Bulk of the incremental growth is coming Hybrid and Electric Vehicle Segment. • Long Standing relations with customers Upto 50 years Market Leading Position in Key Precision Engineering Products Steel Files Ring Gears Flex Plates Drills Water Pump Bearings Hand Tools Input Shaft (EV) Oil Sleeve (EV) Park Pawl (EV) #1 in India with 60%+ Market Share STEEL FILES #1 in Global Installed Capacity with ~25% Market Share STEEL FILES #1 in India with Market Share: • ~55% in PV • ~45% in CV RING GEARS Sole Domestic Manufacturer with ~25% Market Share in India FLEXPLATES 9
Page 10
Auto Components Product Portfolio Clean Powertrain 1. GDI Pump body 350 Bar (Machined Forging) 2. GDI Pump body 600 Bar (Machined Forging) 3. GDI Pump body 350 Bar 4. GDI Pump body 200 Bar 5. Mechanical Dump Valve (Assembly) 6. Medium Duty Plunger injector (Heat Treated) 7. Heavy Duty Plunger injector (Heat Treated) 8. Medium Duty Seat retainer 9. Heavy Duty Seat retainer Electric and Hybrid 1. Oil sleeve 2. Support bracket 3. BLDC Upper hub cover 4. BLDC Lower hub cover 5. Sand cover 6. Clutch flange 7. Transmission 8. Park pawl 9. Input shaft 10. Lever arm Hydraulics and Industrial 1. Cradle 2. Bearing journal 3. ELSD housing & Plate 4. Brake plate 5. Wheel fork 6. Pressure plate (Variant 1) 7. Pressure plate (Variant 2) 8. Bearing housing (Variant 1) 9. Bearing housing (Variant 2) 10
Page 11
Comprehensive Aircraft Components: Supplying Key Elements Across the Entire Airframe and Engine 11 Turbine Vanes Housing Assembly Fuel System Cylinder Fuel Control Assembly Body insert AssemblyStator Blade Lever Throttle TGB Mount Inlet Tie Rod Assembly Mount BracketGear Train support plate Manifolds Clevis Flange Tube Lighting System Housings Housing coverTIR Holder System Components – 6% Swinging Links Tank Drag Strut Assembly Hook Assembly PylonRings Structure Components – 16% Complex Engine Parts Structural Parts Systems Parts Critical Engine, Structure, and System Components Supplied in Large Volumes to Global Marquee OEMs.
Page 12
1. The Segment Witnessed a Growth of 126% in Q4F25 vs PY: • Performance includes MPPL business, Acquisition completed in March 24. • Current engineering business growth was driven by demand in: o Domestic Markets: Supported by demand in Flex plates. o Export Markets growth was impacted due to weak demand and recent softness in the auto & aero components sector. 2. EBITDA Margin lower due to change in product mix. Note: Engineering business includes JK Files & Engineering Ltd, JK Talabot Ltd, Ring Plus Aqua Ltd. (RPAL) and MPPL. The results shown above are for 100% operations and include minority interest. Q4 FY24 & FY24 numbers are excluding Maini Precision Product Limited. Engineering Business Particulars (₹Cr.) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue 528 234 126% 1,824 861 112% EBITDA 81 37 121% 237 120 96% EBITDA margin 15.3% 15.6% 13.0% 14.0% 12
Page 13
Annexures DEMERGED OPERATIONS 13
Page 14
14
Page 15
Raymond Realty Journey So Far 2021 2019 2023 2023 2024 2023 1st Project Ten X Habitat in Thane launched 2nd Project Address by GS launched 3rd Project Ten X Era launched Address by GS Season 2 launched Invictus by GS launched 1st JDA Project The Address by GS - Bandra Launched Delivered 8 towers in our maiden project Ten X Habitat ahead of RERA Timeline 15Note: All the years are calendar year Park Avenue launched 2024
Page 16
Brand Portfolio: Creating product brands in a commoditized industry ASPIRATIONAL SEGMENT PREMIUM SEGMENT LUXURY SEGMENT 16
Page 17
Launch of 2 New Towers in The Address by GS Bandra Total - 8 Towers 17 ~0.7 Mn sq.ft RERA Carpet Area Bandra
Page 18
Bandra 1 Launched Shape & Size of the Current Portfolio Thane Land ~ ₹ 25,000 Cr JDA's ~ ₹ 14,000 Cr Future Development ~60 Acres Bandra 2 Sion Mahim 1 Mahim 2 Wadala Current Development ~40 Acres 100 Acre Land Parcel Signed 6 JDA Projects Total Potential Revenue ~ ₹ 40,000 Cr Current Projects: Ten X Habitat, The Address By GS, Ten X Era, The Address By GS 2 , Invictus by GS and JDA project in Bandra Status as of 31st March 2025, including Residential, Retail shops and common road; Residential units in the projects include 1,2,3,4 and 5 BHK units Assuming residential development based on current regulatory norms and current market prices. 18
Page 19
Upcoming Infrastructure in Thane 19
Page 20
Potential Revenue ~ ₹ 16,000 Cr Potential Revenue ~ ₹ 9,000 Cr Shape & Size of the Current Portfolio – THANE LAND Current Projects: Ten X Habitat, The Address By GS, Ten X Era, The Address By GS 2 , Invictus by GS and JDA project in Bandra Status as of 31st March 2025, Including Residential, Retail shops and common road; Residential units in the projects include 1,2,3,4 and 5 BHK units Assuming residential development based on current regulatory norms and current market prices. OWN LAND in THANE (~100 Acre) with a Potential Revenue of ~ ₹25,000 Cr CURRENT DEVELOPMENT RERA CARPET AREA ~4.0 MN SQ.FT . FURTHER POTENTIAL DEVELOPMENT RERA CARPET AREA ~7.4 MN SQ.FT . 20
Page 21
Shape & Size of the Current Portfolio – JDA’S JDA LED BUSINESS MODEL Asset Light Expansion with a Gross Development Value (GDV) of ~ ₹14,000 Cr. APPOINTED Developer for 6 projects across Mumbai Projects Launched BANDRA 1 (Revenue Potential ~ ₹ 2000cr) MAHIM 1 (Revenue Potential ~ ₹ 1700cr) MAHIM 2 (Revenue Potential ~ ₹ 1800cr) SION (Revenue Potential ~ ₹ 1400cr) WADALA (Revenue Potential ~ ₹ 5000cr) BANDRA 2 (Revenue Potential ~ ₹ 2000cr) Additional JDAProject’s are Under Evaluation Assuming residential development based on current regulatory norms and current market prices. 21
Page 22
Existing Projects Booking Update (as on 31st March 2025) * In Mn Sq.ft & Inc. subvention & SDR of ₹ 54 Cr # Inc. subvention & SDR of ₹ 32 Cr Retail Shops Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 72 57 359 227 3,037 RERA Carpet Area* 0.04 0.03 0.21 0.13 1.66 Value of Bookings (Cr.) 86 66 425 275 3,303 Customer Collections (Cr.) 314 80 719 421 3,133 Revenue Recognised (Cr.) 0 155 801 499 3,121 10 Towers with RERA Carpet Area ~1.7 Mn sq.ft. Total Units Planned: 3,103 (2BHK: 2,463, 1BHK: 640) % UNITS SOLD ~96% Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 44 43 243 251 635 RERA Carpet Area* 0.03 0.03 0.18 0.18 0.46 Value of Bookings (Cr.) 68 63 366 361 963 Customer Collections (Cr.) 81 114 164 296 471 Revenue Recognised (Cr.) 0 84 149 264 413 3 towers with RERA Carpet Area ~0.6 Mn sq.ft. Total Units Planned: 905 (3BHK: 301 2BHK: 604) % UNITS SOLD ~70% Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 89 6 89 14 103 RERA Carpet Area* 0.02 0.00 0.02 0.00 0.02 Value of Bookings (Cr.) 122 7 122 15 137 Customer Collections (Cr.) 24 2 24 109 133 Revenue Recognised (Cr.) 0 7 98 39 137 RERA Carpet Area ~0.025 Mn sq.ft. Total Units Planned: 104 % UNITS SOLD ~93% & # 22
Page 23
Existing Projects Booking Update (as on 31st March 2025) * In Mn Sq.ft # 582 Units Launched Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 7 10 70 31 535 RERA Carpet Area* 0.01 0.02 0.08 0.04 0.66 Value of Bookings (Cr.) 24 33 194 84 1,420 Customer Collections (Cr.) 98 111 450 414 1,279 Revenue Recognised (Cr.) 0 145 354 394 1,103 02 towers with RERA Carpet Area ~0.7 Mn sq.ft. Total Units Planned: 551 (5BHK & above: 43, 4BHK: 188, 3BHK: 320) % UNITS SOLD ~97% Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 58 54 228 210 438 RERA Carpet Area* 0.07 0.07 0.26 0.25 0.52 Value of Bookings (Cr.) 149 166 575 593 1,167 Customer Collections (Cr.) 38 106 109 357 466 Revenue Recognised (Cr.) 0 106 92 251 343 3 towers with RERA Carpet Area ~0.7 Mn sq.ft. Total Units Planned: 599 (5BHK & above: 26, 4BHK: 249; 3BHK: 324) % LAUNCHED UNITS SOLD# ~75% Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 8 12 41 32 73 RERA Carpet Area* 0.02 0.03 0.09 0.07 0.17 Value of Bookings (Cr.) 45 65 221 171 393 Customer Collections (Cr.) 19 18 39 95 134 Revenue Recognised (Cr.) 0 42 34 107 141 Total Units Planned: 102 (4.5BHK: 102) 1 towers with RERA Carpet Area ~0.2 Mn sq.ft. % UNITS SOLD ~72% 23
Page 24
Existing Projects Booking Update (as on 31st March 2025) Retail Shops BANDRA * In Mn Sq.ft & Inc. subvention& SDR of ₹ 9 Cr # 450 Units Launched JDA’S LAUNCHED Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 0 14 0 38 38 RERA Carpet Area* 0.00 0.02 0.00 0.05 0.05 Value of Bookings (Cr.) 0 74 0 284 284 Customer Collections (Cr.) 0 13 0 25 25 Revenue Recognised (Cr.) 0 103 0 185 185 RERA carpet area ~0.08 Mn sq.ft. Total Units Planned: 65 % UNITS SOLD ~58% Particulars Q4FY24 Q4FY25 FY24 FY25 Project Till Date No of Bookings 96 47 96 162 258 RERA Carpet Area* 0.09 0.04 0.08 0.14 0.22 Value of Bookings (Cr.) 298 149 298 515 821 Customer Collections (Cr.) 13 47 13 146 160 Revenue Recognised (Cr.) 0 116 0 559 559 Total Units Planned: 805 (4BHK & above: 69, 3BHK: 195, Retail Shops: 14) 8 towers with RERA carpet area ~0.7 Mn sq.ft. % LAUNCHED UNITS SOLD# ~57% & 24
Page 25
Projects Status (as on 31st March 2025) Building Elevation Building Elevation KEY HIGHLIGHTS: • 5-acre landscape • 50,000+ sqft clubhouse • 45+ Amenities • Cross ventilation PROJECT STATUS: • Tower 1st to 8th OC received, possession in progress • Tower 9th & 10th Internal finishing in progress • KEY HIGHLIGHTS: • Centrally located, next to Vivana Mall • 26,500 sqft Clubhouse • 40+ indoor and outdoor amenities • Efficiently planned 2 and 3 bed Vaastu compatible homes PROJECT STATUS: • Tower (A) 4th floor slab WIP • Tower (B) 17th floor slab WIP • Tower (C) 30th floor slab WIP 25
Page 26
Projects Status — Contd.. (as on 31st March 2025) Building Elevation Building Elevation Building Elevation KEY HIGHLIGHTS: • Tower (E) Substructure WIP 26 • 1.4 acres of landscape • Premium 3, 4, 5 & 6 bed apartment • Clubhouse 45,000 sqft • Host of amenities & clubhouse PROJECT STATUS: • Tower (A) Above Terrace external & internal finishing & MEP WIP • Tower (B) Above Terrace external & internal finishing & MEP WIP KEY HIGHLIGHTS: • Premium 3, 4, 5 & 6 bed apartments with expansive decks • Podium top landscape amenities • 70,000 sq. of high street retail PROJECT STATUS: • Tower (C) 6th floor slab WIP • Tower (D) 2nd floor slab WIP KEY HIGHLIGHTS: • 4.5-Bed homes spaces • 70,000 sq. of high street retail PROJECT STATUS: • 4th floor slab WIP
Page 27
Projects Status — JDA project (as on 31st March 2025) Building Elevation KEY HIGHLIGHTS: • Opulent 2, 3 & 4 BHK apartments with Private Sundeck. • Portuguese-inspired architecture and landscape design. • 30+ landscape & clubhouse amenities 27 PROJECT STATUS: Towers A – Excavation done Towers B, C & D– Excavation WIP BANDRA
Page 28
Real Estate Business 28 1. Booking Value of ₹ 636 Cr in Q4’FY25 vs ₹ 840 Cr in Q4’FY24, despite no new project launches in the quarter 2. EBITDA Margin: Unchanged at 25.3% in Q4FY25 Particulars (₹Cr.) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue 766 677 13% 2,313 1,593 45% EBITDA 194 171 13% 507 370 37% EBITDA margin 25.3% 25.3% 21.9% 23.3%
Page 29
Current Status & OUTLOOK
Page 30
GAUTAM HARI SINGHANIA (Chairman & Managing Director) Q4’FY25 & FY25 PERFORMANCE “We are delighted to announce the successful demerger of our Real Estate business, which is expected to be listed in the Q2FY26. This strategic move emphasizes our commitment to drive sustainable growth via pure play business and further enhance shareholder value. We continue to expand our portfolio through the JDA route in this quarter, having signed two additional JDA’s, in Mahim and Wadala aggregating to ~ ₹ 6,800 Cr, with this now we have a total of six projects outside our Thane Land. On the Engineering business, we continue to remain highly optimistic about FY26 performance. The aerospace sector presents significant growth opportunities, and we are well- positioned to leverage the same to deliver sustained value to our stakeholders.” 30
Page 31
Current Status of Operations & Outlook REAL-ESTATE BUSINESS • Targeting 20-25% growth in booking value • Future expansion through a capital-light business model (via JDA) • Additional JDA projects under evaluation ENGINEERING BUSINESS • Drive strong growth from sunrise sectors of Aerospace & EV Components • Aerospace business is expected to grow post resolution of production issues faced by one of the largest aircraft manufacturer leading to delays in order Raymond Limited to Remain Net Cash Surplus 31
Page 32
Raymond MANAGEMENT
Page 33
GAUTAM HARI SINGHANIA Chairman & Managing Director Raymond Ltd. RAVI UPPAL Non-Executive Chairman JK Files & Engineering Ltd & RPAL Ex – L&T, JSW Currently – CMD of Steel Infra Solutions P. Ltd 33 Raymond Group Led by
Page 34
Raymond Management Team S.L. POKHARNA President - Corporate Commercial Raymond Ltd. AMIT AGARWAL GROUP CFO Ex- JSW, Jet Airways, Essar Group K.A. NARAYAN President – HR Ex- Wockhardt JATIN KHANNA Head – Corporate Development Ex- Max Financial Services HARMOHAN SAHNI Executive Director & CEO-Realty Ex- ECL Finance GAUTAM MAINI CEO-Engineering ARVIND MATHUR CEO-Denim Ex- Coats Plc Gcorp. Developers 34
Page 35
The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not intended to invite any investment in the Company. The information contained in this presentation has not been subjected to review by Auditors or the Board of Directors of the Company. Commentary in the presentation describes the reporting quarter’s performance versus the same quarter of the corresponding previous year, unless specified otherwise. The figures for the previous periods in this presentation have been regrouped/ reclassified, wherever necessary. The Company assumes no responsibility and does not provide any warranty to the accuracy or comprehensiveness of the information contained in this presentation. This presentation is not intended to be a “prospectus” (as defined under the Companies Act, 2013), SEBI Regulations and relevant provisions of applicable laws. This presentation is for information purposes only and does not constitute or form part of, and should not be considered as any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscription of securities in any manner. No part of this presentation and the information contained herein should form the basis of, or be relied upon, in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are, therefore, subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company neither intends, nor assumes any obligation to amend, modify, revise or update these forward looking statements, on the basis of any subsequent developments which differ from those anticipated. Disclaimer 35
Page 36
THANK YOU C o n t a c t : R a y m o n d . I R @ R a y m o n d . i n 36