Shriram Properties Limited submitted a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosing a press release on its unaudited financial results for Q1 FY27 (quarter ended June 30, 2026).

Operational Highlights

  • Quarterly sales increased 10% year-over-year to ₹484 crore (0.85 million square feet).
  • The company launched two new projects in June 2026:
  • Kolkata's first "Branded Land" project under codename "Forest View" (plots)
  • Premium residential project codenamed "King Life" in Koyambedu, Chennai
  • Both launches received encouraging customer response with healthy sales within first 30 days.
  • Gross customer collections grew 8% YoY to ₹365 crore in Q1.
  • The company handed over 690+ units to customers during Q1.
  • Added a new project with estimated Gross Development Value (GDV) of ~₹650 crore.
  • Advanced stage of closure for additional projects with 7+ million square feet development potential.

Financial Highlights

  • Total revenues: ₹271 crore (up 4% YoY)
  • Gross profit: ₹56 crore
  • EBITDA: ₹42 crore
  • Finance costs: ₹21 crore (supported by cessation of non-cash charges relating to non-compete fee in Kolkata)
  • Net profit: ₹11 crore
  • Operating cashflows: ₹54 crore
  • Capital deployed towards new project investments: ₹88 crore
  • Cash and cash equivalents: ₹219 crore
  • Net debt: ₹432 crore
  • Net debt-to-equity ratio: 0.3x
  • Credit rating: CRISIL A(-)/Positive

Outlook

Management remains confident of sustaining growth momentum supported by:

  • Strong launch pipeline targeted during H2 FY27
  • Healthy project execution
  • Improving visibility on scheduled handovers
  • Encouraging response to recent launches in Chennai and Kolkata
  • Focus on accelerating execution and timely handovers
  • Continued addition of new projects across key markets

Management Commentary

Mr. Murali M, Chairman and Managing Director, stated: "We have commenced FY27 on a strong note, with robust operational performance and encouraging customer response to our new launches across Chennai and Kolkata. With a healthy balance sheet, disciplined capital allocation and a diversified project portfolio across Bengaluru, Chennai, Kolkata and Pune, SPL remains well positioned to pursue its growth opportunities while continuing to create sustainable long-term value for all stakeholders."

Company Background

Shriram Properties Ltd is a residential real estate developer focused on mid-market and mid-premium segments in Bengaluru, Chennai, Pune and Kolkata. The company has delivered 52+ projects with over 32.9 million square feet of development and has a development pipeline of 41 projects with 33.7 million square feet potential (including 16.0 million square feet ongoing) as of June 30, 2026.