Raymond Realty shares dropped 6.21% after Q1 profit plunged 52% and revenue declined amid limited unsold inventory.

• Q1 revenue fell 23% YoY; core profit margin narrowed to 10.5% from 13.5% on weaker sales.
• Company attributes dip to mature projects; expects stronger H2 with new project launches.
• The stock has dropped 32% from its July 1 listing price post-demerger from Raymond Ltd.