Financial Highlights Q4 FY26
- Revenue from operations: ₹186.3 Crore, representing 286.99% Year-over-Year growth
- EBITDA: ₹23.5 Crore with an EBITDA margin of 12.63%
- PAT: ₹23.3 Crore with a PAT margin of 12.51%
Financial Highlights FY26
- Revenue from operations: ₹508.4 Crore, marking the highest revenue in the last three years
- Year-over-Year growth: 226.74%
- PAT: ₹53.39 Crore with a PAT margin of 10.50%
- The company delivered robust growth of over 6x compared to ₹83.8 crore in FY24 and 79% growth over FY25
- PAT showed more than 8x growth from ₹6.5 crore in FY24 and over 2x growth from FY25
Operational Highlights
- Running project portfolio reached an estimated GDV of approximately ₹2,500 crore in FY2025-26
- This represents a six-fold increase from FY2023-24 GDV of ~₹400 Cr
- Projected GDV pipeline of approximately ₹5,000 crore for FY2026-27
- Active project pipeline of 12 projects across the Mumbai Metropolitan Region
- Projects span residential, SRA, MHADA, and redevelopment segments
- Added 4 new projects during FY2025-26 with combined GDV of approximately ₹900 crore
Key Project Milestones
- Received Commencement Certificates for two projects:
- "Pratham by Shraddha" in western suburbs – Borivali West
- "Shraddha Paradise Enclave" in Mulund (West)
Management Commentary
Mr. Sudhir Mehta, Promoter and Managing Director, commented that FY26 was an important year for strengthening operational capabilities and expanding project pipeline. He noted that Mumbai's redevelopment market offers substantial long-term opportunities driven by urban transformation, infrastructure growth, and sustained housing demand. The company is evolving into more premium housing segment and expanding its footprint beyond Central Mumbai suburbs towards Western micro-markets in MMR.
Company Background
Shraddha Prime Projects Limited is a Mumbai-based real estate developer with a diversified portfolio spanning residential developments, slum rehabilitation (SRA) projects, redevelopment initiatives, and MHADA projects. The company offers a wide range of housing solutions including affordable homes, compact residences, premium, and super-premium dwellings.
Forward-Looking Statements
The document includes cautionary statements about forward-looking statements being subject to risks and uncertainties including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ materially from those contemplated.