Raymond has received the approval of National Company Law Tribunal, Mumbai on 21 June 2024 for the composite scheme of arrangement of Raymond (demerged company) and Raymond Lifestyle (formerly known as Raymond Consumer Care) (transferee company) and Ray Global Consumer Trading (transferor company). The scheme envisages demerger of lifestyle business carried on by the Company through itself and its subsidiaries into RLL and the consequent issuance of equity shares by RLL to all the shareholders of RL in the manner provided for in the scheme. Further, equity shares of RLL will be listed on the stock exchanges. Powered by Capital Market - Live News

Raymond Realty announced that it has been selected for the redevelopment of another residential project - MIG VI CHS Ltd situated in Bandra East, Mumbai. Today, the board of Raymond approved the project. Raymond Realty won this project with 100% votes by the members of society for the redevelopment. The project is strategically situated in one of the most sought-after residential areas of Mumbai and is known as a prestigious landmark in Bandra East. It is also estimated to generate a revenue of more than Rs 2000 crore over the project period. This expansion in projects is in line with the Company`s aggressive growth plans of Real Estate development in Mumbai Metropolitan Region. Previously, Raymond Realty had signed three joint development agreements for projects in Mahim, Sion and Bandra with an estimated development value of over Rs 5000 crore. With addition of this project, estimated Gross Development Value (GDV) of projects under execution will be around Rs 7000 crore in Mumbai City. The addition of another project in Bandra has also solidified the company`s position as one of the leading developers in the area. Moreover, receiving a 100% vote of confidence from the society members of MIG VI CHS underscores the company`s commitment to providing luxurious living spaces and highlights its expertise in handling large Society and MHADA redevelopment. Powered by Capital Market - Live News

Raymond announced that the 99th Annual General Meeting (AGM) of the company will be held on 27 June 2024.Powered by Capital Market - Live News

Raymond announced that the Board of Directors of the Company at its meeting held on 3 May 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Raymond rose 17.94% to Rs 229.21 crore in the quarter ended March 2024 as against Rs 194.35 crore during the previous quarter ended March 2023. Sales rose 21.32% to Rs 2608.50 crore in the quarter ended March 2024 as against Rs 2150.18 crore during the previous quarter ended March 2023.For the full year,net profit rose 209.63% to Rs 1637.75 crore in the year ended March 2024 as against Rs 528.94 crore during the previous year ended March 2023. Sales rose 9.80% to Rs 9019.51 crore in the year ended March 2024 as against Rs 8214.72 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2608.502150.18 21 9019.518214.72 10 OPM %16.6915.66 -14.5114.60 - PBDT411.46328.03 25 2192.621079.82 103 PBT323.17266.42 21 1908.94844.47 126 NP229.21194.35 18 1637.75528.94 210 Powered by Capital Market - Live News