Textiles company Raymond announced Q1FY25 results: Real Estate business maintained strong booking of ~Rs 611 crore with 85% YoY growth Real Estate and existing Engineering business without Maini Precision grew by 50% Engineering business recorded a revenue of ~Rs 419 crore with a growth of 100 % YoY Company has initiated the process of demerger of Real Estate Business Consolidated quarterly revenue from Real Estate and Engineering business of Rs 998 crore, reflecting a 93 % increase compared to the same quarter of the previous financial year, and an EBITDA of Rs 162 crore with an EBITDA margin of 16.2%. In Q1FY25, the company achieved a strong booking value of Rs 611 crore, primarily driven by demand for 'The Address by GS 2.0' in Thane and the recently launched JDA 'The Address by GS' in Bandra. Commenting on the performance, Gautam Hari Singhania, Chairman & Managing Director, Raymond said; “We are satisfied with our business performance in Q1FY25, which underscores the strength and resilience of our business strategy. Our Real Estate business continues to expand its portfolio through the JDA route and we have been appointed as preferred developerin ourfourth project outside thane land in Bandra MIG. Additionally, our foray into the Aerospace business, following the acquisition of MPPL, is showing promising signs with its strong performance in the first quarter. During the quarter we have successfully demerged Lifestyle business into a separate company that will be listed in Q2FY25.” Result PDF