Raymond decided to highlight the revenue numbers in the presentation as there has been a substantial growth in accounting terms. (135% YoY) 571 Cr vs 243 Cr.
However, there has been degrowth in booking value in this quarter. (-13.5%) 562 Cr vs 650 Cr.
While I have no clue of what led to this, chances are the month of Shraad getting extended might be the cause. May be a lot of booking may have been pushed to Q3.
Management has reaffirmed 20-25% growth in booking value this year.
Booking value (no. of units sold) gets a bump-up with new launches. Since new launches don’t happen every quarter, this could be uneven. I guess there were a couple of new launches in Q2 of last year
They’ve clearly mentioned the number of shares Raymond had issued to Raymond Lifestyle shareholders. But with this amount of shares, 5.3 cr. shares and the current price of 2,200 rupees per share would mean that the company has a market cap of around 11,500 cr. But the screener shows market cap as 13,400 cr. Am I missing something or the screener data is wrong?
The total no of equity shares for Raymond Lifestyle is 6.1 crore shares. Additional shares were issued to some group entity. You can check the shareholding pattern
This shows the comparable base, also separates the MPPL revenue.
Engineering (excluding MPPL) has remained flat over last 4 years in Q2 as well as for full year.
