Shriram Properties Posts Record Q1 Sales & Profit Growth

Shriram Properties delivered a strong Q1 FY26 performance with record-high first-quarter sales of 0.8 million sq ft, valued at Rs. 441 crore, marking a 17 percent YoY growth.

The results were driven by robust sustenance sales and a successful Pune launch (“Superstar”), along with strong pre-launch demand for its Bengaluru project “The One”. Revenue from operations rose 57 percent YoY to Rs. 242 crore, with total revenue up 24 percent to Rs. 262 crore. This was supported by timely handovers at projects including Shriram Pristine Estates (Bengaluru), Shriram Park 63 (Chennai), and Shriram Grand One (Kolkata).

Key Highlights

• Record Q1 FY26 sales of 0.8 msf worth Rs. 441 crore (+17 percent YoY)
• Revenue up 57 percent YoY; net profit Rs. 21 crore — highest Q1 since listing
• Successful new launches in Pune and Bengaluru driving growth momentum

Nearly 46 percent of handovers came from JV projects. Gross margins improved to 34 percent (from 31 percent in Q1 FY25), driving a 70 percent YoY gross profit growth to Rs. 82 crore. EBITDA stood at Rs. 47 crore (18 percent margin).

Collections were Rs. 338 crore (+5 percent YoY), boosted by higher construction activity and new launches. The company handed over 740+ homes/plots in the quarter. On the business development front, SPL added a new project worth Rs. 200 crore GDV and is advancing 6 more projects with ~3 msf potential, while evaluating 23+ msf across core markets.

Murali M, CMD of Shriram Properties said: “Q1 results reaffirm the strength of our operating platform, that has again delivered robust performance. Our Pune entry has been successful and we are committed to growing our presence even further. We remain focused on pipeline addition for sustaining growth momentum. While doing so, we will accelerate execution to unlock cash flows from ongoing projects for superior value creation”.

Net profit hit Rs. 21 crore — SPL’s highest-ever first-quarter earnings since listing. Net debt reduced to Rs. 380 crore (Net Debt-Equity at 0.28x) with finance costs down 16 percent YoY. The company’s credit rating remains strong at A(-)/Positive from CRISIL.

Also Read: Shriram Properties Announces Strong Quarterly Performance

With 80 percent of ongoing projects sold, SPL remains on track with its 3-year Mission1234, supported by a robust launch pipeline and favorable market conditions.