Shriram Properties Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Shriram Properties reported its highest ever first-quarter sales of Rs 484 crores in Q1 FY27, with revenue of Rs 271 crores, EBITDA of Rs 42 crores and PAT of Rs 11 crores. Management said margins were affected by product mix, with about 40% of revenue coming from lower-margin legacy Kolkata projects, and expects stronger revenue recognition and margin improvement in the second half of the year. The company reiterated its FY27 guidance and its FY28 mission targets, citing a project pipeline of 33.7 million square feet and a scheduled handover pipeline of over 2,900 units for the remainder of the year.
Shriram Properties reported record FY26 revenue of Rs 1,357 crore, up 39%, with net profit crossing Rs 100 crore for the first time at Rs 101 crore, up 30%. Q4 saw a strong rebound with revenue up 55% year-on-year to Rs 663 crore and net profit up 65% to Rs 79 crore, driven by record customer handovers of 3,465 units for the year. Management issued FY27 guidance for sales value of Rs 3,300-3,500 crore, sales volume of 5-5.5 million square feet, and collections of Rs 2,100-2,200 crore, while citing risks around IT sector employment trends and approval delays.