Mumbai/IBNS, Jan. 28 -- Raymond Realty Limited on Thursday announced its unaudited financial results for the quarter ended December 31, 2025, reporting strong revenue growth despite pressure on margins.

However, EBITDA came in at Rs.100 crore in Q3 FY26, slightly lower than Rs.105 crore in the same quarter last year, with margins at 13.0% compared to 21.4% in Q3 FY25. The decline in margins was attributed to the product mix and higher upfront marketing costs associated with new project launches.

Raymond Realty stated that as it transitions from project launches to execution, it is well-positioned to capture significant operating leverage. With increasing sales velocity, the company expects a steady normalization and eventual expansion o...