Financial Performance - Q2 FY27

  • Revenue from Operations: ₹132.02 crore (declined 1.72% YoY from ₹134.33 crore in Q2 FY26)
  • EBITDA: ₹28.95 crore (increased 143.75% YoY from ₹11.88 crore in Q2 FY26)
  • EBITDA Margins: 21.93% (improved by 1,309 bps from 8.84% in Q2 FY26)
  • PAT: ₹24.93 crore (increased 208.62% YoY from ₹8.08 crore in Q2 FY26)
  • PAT Margins: 18.88% (improved by 1,287 bps from 6.01% in Q2 FY26)
  • Diluted EPS: ₹6.17 (compared to ₹2.16 in Q2 FY26)

Financial Performance - H1 FY27

  • Revenue from Operations: ₹265.60 crore (increased 37.59% YoY from ₹193.03 crore in H1 FY26)
  • EBITDA: ₹53.39 crore (increased 136.57% YoY from ₹22.57 crore in H1 FY26)
  • EBITDA Margins: 20.10% (improved by 841 bps from 11.69% in H1 FY26)
  • PAT: ₹44.31 crore (increased 155.84% YoY from ₹17.32 crore in H1 FY26)
  • PAT Margins: 16.68% (improved by 786 bps from 8.82% in H1 FY26)
  • Diluted EPS: ₹10.97 (compared to ₹4.28 in H1 FY26)

Operational Highlights - Q2 FY27

  • Launched Pandora by Shraddha: 22-storey mixed-use development in Nahur West, Mumbai comprising residential and commercial spaces
  • Pandora project details: 471 total units, received bookings for 110 units on launch day aggregating approximately ₹60 crore
  • Estimated Gross Development Value (GDV) of Pandora: ₹220 crore
  • Launched Param Adarsh: 21-storey residential development in Mulund West, Mumbai located opposite Mulund West railway station
  • Estimated GDV of Param Adarsh: ₹120 crore
  • Company is expanding presence across Mumbai micro-markets including redevelopment, SRA, MHADA and residential development segments
  • Upcoming premium development in Matunga East mentioned

Management Commentary

Mr. Sudhir Mehta, Promoter and Managing Director, commented on the company's evolution from strong presence in Mumbai's Central Suburbs to expansion into Western Suburbs and established locations like Dadar and Matunga. He highlighted the geographical expansion and shift in portfolio mix, noting that affordable housing and redevelopment remain important while the company is entering the premium residential segment through projects like Avyukta Imperial in Matunga East.

The company added six projects to its portfolio during H1 FY27, expanding its development pipeline. Management emphasized focus on progressing ongoing projects, building pipeline, and ensuring disciplined execution while being mindful of project feasibility, quality, and timely delivery.

Company Background

Shraddha Prime Projects Limited (BSE: 531771) is a Mumbai-based real estate developer with diversified portfolio spanning residential developments, slum rehabilitation (SRA) projects, redevelopment initiatives, and MHADA projects. The company caters to affordable homes, compact residences, premium, and super-premium dwellings.