Shriram Properties Q1 FY27: Sales up 10% YoY to ₹484 Crore, Profit at ₹11 Crore
Shriram Properties reported Q1 FY27 sales of ₹484 crore (up 10% YoY) and handed over 690 units. Net Profit was ₹11 crore on revenues of ₹271 crore. The company launched three projects, including a premium offering in Chennai and plots in Kolkata. Full-year guidance remains on track, with significant launches planned for H2 FY27.
The results show modest revenue growth and a dip in net profit compared to the previous year's quarter, although sales momentum is positive. The company's outlook for H2 FY27 is strong, but the current quarter's performance is mixed.
The company reported positive year-on-year growth in sales and collections, successfully launched new projects, and reiterated its full-year guidance. The healthy debt profile and credit rating also contribute to a positive sentiment.
Shriram Properties Limited (SPL) announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), presenting an investor presentation detailing its performance and outlook.
The company reported a 10% year-on-year increase in sales value to ₹484 crore, with sales volume at 0.85 msf. Collections grew by 8% year-on-year to ₹365 crore, and the company handed over 690 units. Revenue for the quarter stood at ₹271 crore, a 4% increase year-on-year, with EBITDA at ₹42 crore and Net Profit at ₹11 crore. The company noted that revenue recognition was primarily driven by legacy Kolkata projects and spill-over handovers from FY26, with margins impacted by product mix, which is expected to recover in the second half of FY27.
Shriram Properties successfully launched three projects in Q1 FY27, including two new projects in Kolkata and Chennai, and a new phase launch in Chennai. The company entered Chennai's premium residential segment with a new offering and launched plots as a new product segment, diversifying its portfolio. The company added one new project with an estimated Gross Development Value (GDV) potential of ₹650 crore, further strengthening its development pipeline, and is progressing towards closing projects aggregating over 7 msf.
The company reiterated its full-year FY27 guidance, expecting robust performance with a skewed H2 launch and completion schedule. Projected FY27 KPIs include sales value between ₹3,300-3,500 crore and revenues between ₹2,100-2,200 crore. The company also provided a mission target for FY28, aiming for sales value of ₹5,000 crore, revenues of ₹2,500 crore, and earnings (PBT) of ₹250 crore.
The company's debt profile remains healthy, with a Net Debt of ₹432 crore and a Debt-Equity ratio of 0.29x. The company is backed by a CRISIL A- Positive credit rating.
What to do with a filing like this
Shriram Properties Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Shriram Properties Limited. Read the original for the full detail.