Shriram Properties Reports Strong Q1 FY27 with ₹484 Crore Sales and Steady Operational Momentum

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Shriram Properties Reports Strong Q1 FY27 with ₹484 Crore Sales

Bengaluru, India – 12 August 2026

Shriram Properties Limited (SPL) has announced its financial and operational results for the quarter ended June 30, 2026, marking a steady start to FY27 with strong sales momentum, successful project launches, continued construction activity, and healthy customer collections.

The company recorded quarterly sales of ₹484 crore in Q1 FY27, representing a 10% year-on-year increase, while pre-tax profit stood marginally higher at ₹18 crore. The company has maintained its full-year outlook, supported by on-track execution and a strong launch pipeline planned for the second half of FY27.

Strong Operational Performance in Q1 FY27

Shriram Properties reported record-high first-quarter sales of ₹484 crore, equivalent to approximately 0.85 million sq. ft., supported by successful new launches across Chennai and Kolkata.

During the quarter, the company launched plots under the codename Forest View, positioned as Kolkata's first branded land offering. The launch received an encouraging response from customers.

In Chennai, SPL entered the premium residential segment with the launch of its project codenamed King Life in Koyambedu.

Both projects were launched in June 2026 and generated healthy sales within their first 30 days. The initial customer response has strengthened the company's confidence in its product strategy and is expected to support further pre-sales momentum during FY27.

Customer Collections and Project Execution

Gross customer collections increased 8% year-on-year to ₹365 crore during Q1 FY27. The growth was supported by execution-linked milestones and handover-related collections.

Collections are expected to gain further momentum as construction activity accelerates and recently launched projects begin to scale up sales.

The company handed over more than 690 units to customers during the quarter, continuing the strong execution momentum established during Q4 FY26.

The continued pace of handovers is expected to support revenue recognition during the remainder of the financial year.

Development Pipeline Strengthened

Shriram Properties also made significant progress in expanding its development pipeline during the quarter.

The company added a new project with an estimated Gross Development Value (GDV) of approximately ₹650 crore.

In addition, SPL is at an advanced stage of closing further projects representing more than 7 million sq. ft. of development potential, providing increased visibility for future growth.

The company continues to focus on adding projects across its key markets while maintaining disciplined capital allocation.

Financial Highlights for Q1 FY27

For the quarter ended June 30, 2026, Shriram Properties reported:

Total revenue: ₹271 crore, compared with ₹261.5 crore in Q1 FY26
Revenue growth: 4% year-on-year
Gross profit: ₹56 crore
EBITDA: ₹42 crore, compared with ₹41.6 crore in Q1 FY26
Profit before tax: ₹18.1 crore, compared with ₹17 crore in Q1 FY26
Net profit: ₹11 crore
Operating cash flow: ₹54 crore
Investment in new projects: ₹88 crore
Cash and cash equivalents: ₹219 crore
Net debt: ₹432 crore
Net debt-to-equity ratio: 0.3x
CRISIL rating: A(-)/Positive

Revenue increased 4% year-on-year, supported by continued revenue recognition from recently completed projects. The company noted that the growth was relatively modest due to aggressive handovers during Q4 FY26 and a product mix weighted toward Kolkata projects.

Finance costs stood at ₹21 crore, supported by the cessation of non-cash charges related to the non-compete fee in Kolkata.

Strong Balance Sheet and Capital Position

Shriram Properties continues to maintain a comfortable financial position, with ₹219 crore in cash and cash equivalents at the end of the quarter.

Net debt stood at ₹432 crore, resulting in a net debt-to-equity ratio of 0.3x.

The company's CRISIL A(-)/Positive rating further reflects its continued focus on maintaining a strong credit profile and disciplined financial management.

Positive Outlook for FY27

Shriram Properties remains confident about sustaining its growth momentum during FY27, supported by a strong pipeline of launches planned for H2 FY27, healthy project execution, and improving visibility on scheduled handovers.

The encouraging response to recent launches in Chennai and Kolkata has reinforced the company's product strategy and is expected to support continued pre-sales growth throughout the financial year.

With a significant portion of its existing portfolio already sold and multiple projects moving toward scheduled completion, SPL is focusing on accelerating construction and delivering timely handovers.

The company is also continuing to add new projects across its key markets, which is expected to strengthen its development pipeline and provide a foundation for growth beyond FY27.

Management Commentary

Commenting on the company's performance, Mr. Murali M, Chairman and Managing Director of Shriram Properties Limited, said that the company has started FY27 on a strong note, supported by robust operational performance and encouraging customer response to its new launches in Chennai and Kolkata.

He highlighted the company's healthy balance sheet, disciplined capital allocation, and diversified project portfolio across Bengaluru, Chennai, Kolkata, and Pune as key strengths supporting its future growth opportunities and long-term value creation.

About Shriram Properties Limited

Shriram Properties Ltd (SPL) is a residential real estate developer in India focused primarily on the mid-market and mid-premium residential segments.

The company's key markets include Bengaluru, Chennai, Pune, and Kolkata. SPL has delivered more than 52 projects covering over 32.9 million sq. ft. of development across its markets.

As of June 30, 2026, the company had a development pipeline comprising 41 projects with an aggregate development potential of 33.7 million sq. ft., including 16 million sq. ft. of ongoing projects.

With a combination of project execution, new launches, development additions, and a diversified geographic portfolio, Shriram Properties continues to focus on creating sustainable long-term value for its customers, investors, and other stakeholders.