IGL's profit fell by 44% to 238 crore rupees in the first quarter due to LNG price volatility

Zee Entertainment Enterprises announced on Monday a decrease in its consolidated profit by 48.3 percent, reaching 74.3 crore rupees for the June quarter of the 2027 fiscal year.

Previously, during the period from April to June last year, the company's net profit was 143.7 crore rupees, according to regulatory filings by Zee Entertainment Enterprises Ltd (ZEEL).

Despite the drop in profit, the company's total revenue increased by 4.8 percent, reaching 1938.5 crore rupees in the June quarter of the 2027 fiscal year. In the same quarter of the previous fiscal year, this figure was 1849.8 crore rupees.

Zee's total expenses rose by 12.8 percent, amounting to 1864.4 crore rupees in the June quarter. In the first quarter of the 2027 fiscal year, expenses were 1652.7 crore rupees.

On Monday, shares of Zee Entertainment Enterprises Ltd closed at 94.45 rupees per share on the BSE, showing an increase of 0.32 percent compared to the previous close.

Real estate developer Raymond Realty, part of Raymond Group, reported an 18.6% decrease in net profit compared to the same period last year in the first quarter of the 2026-27 fiscal year (Q1FY27). This was attributed to increased expenses and a decline in pre-tax profit (PBT).

The company's pre-tax profit in this quarter amounted to 2.8%, which is lower than the 5.4% recorded in Q1FY26. Representatives of Raymond Realty noted that margin fluctuations are a natural phenomenon dependent on the project stage and launch timing, as initial profitability reflects marketing and construction setup costs.

The company emphasized that the margin will gradually normalize in subsequent quarters as project construction reaches revenue recognition thresholds.

First Quarter Financial Performance

Raymond Realty's operating revenue in Q1FY27 reached 526.67 crore rupees, representing a year-on-year growth of 38.41%. Total expenses for the quarter increased by 40.53% compared to last year, totaling 520.54 crore rupees. This increase is driven by a 62.27% rise in the cost of land, real estate development, construction, and other expenditures, which reached 413.86 crore rupees.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the reporting quarter stood at 70 crore rupees, showing a 70% year-on-year growth. Furthermore, the EBITDA margin improved to 13% from 11% in Q1FY26.

The company stated that it remains confident in achieving a target EBITDA margin of 17–19% for the entire 2027 fiscal year.

Strategy and Market Achievements

Harmohan Sachni, Managing Director and CEO of Raymond Realty, mentioned that the company began the 2027 fiscal year with strong operational momentum, continuing the execution of scaled projects and strategic clarity that defined last year's results. He added that the current quarter's results indicate sustained buyer confidence in the Raymond Realty brand and the ongoing success of the disciplined Joint Development Agreement (JDA) strategy with low asset levels in key Mumbai micro-markets.

Preliminary sales in Q1FY27 reached 700 crore rupees, which is 129% higher compared to the previous year. Collections grew by 47% year-on-year, reaching 550 crore rupees. The company's total portfolio value stands at 52,000 crore rupees in the Mumbai Metropolitan Region.

As of June 2026, Raymond Realty's net debt was 824 crore rupees, and the debt-to-equity ratio was 0.7 times, which is below the company's set limit of 1 time. The company also reported that, thanks to a liquidity buffer of 271 crore rupees, it is fully funded for construction expenses next year.

For the 2027 fiscal year, Raymond Realty forecasts a 20% growth in preliminary sales and revenue and aims to achieve a Return on Capital Employed (RoCE) of 20%.