Shriram Properties Q2 FY27 PAT Up 151% to ₹21.6 Cr on 19% Revenue Growth
Shriram Properties Limited reported Q2 FY27 results with total revenues up 19% YoY to ₹272.3 Cr and Net Profit up 151% YoY to ₹21.6 Cr. Sales reached ₹583 Cr in Q2. The company successfully sold over 70% of plots and villas in its new Kolkata initiative within 90 days. SPL expects to hand over 2,300 units in H2 FY27.
The significant financial performance improvement, strong sales momentum, successful new product launches, and positive future outlook indicate a substantial positive impact on the company's valuation and investor sentiment.
The company reported strong year-on-year growth in revenues, EBITDA, and Net Profit, alongside positive operational highlights and a confident outlook for the second half of the fiscal year.
Shriram Properties Limited (SPL) announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a significant increase in profitability, with Net Profit growing by 151% year-on-year to ₹21.6 crores in Q2 FY27, compared to ₹8.6 crores in Q2 FY26.
Total revenues for the quarter stood at ₹272.3 crores, marking a 19% year-on-year increase. EBITDA saw a substantial rise of 235% to ₹62.4 crores. For the first half of FY27, total revenues grew 11% year-on-year to ₹543.3 crores, while Net Profit increased by 12% to ₹32.6 crores.
Operationally, SPL reported sales of ₹583 crores in Q2 (up 20% QoQ) and ₹1,067 crores for H1 FY27. Gross collections reached ₹431 crores in Q2, the highest ever for the first half. The company handed over 760 units in Q2 and expects to hand over another 2,300 units by year-end.
A key highlight was the strong customer response to new initiatives in Kolkata, with over 70% of plots and villas sold within 90 days of launch. The company also acquired its partners' interests in five joint ventures, converting them into wholly owned subsidiaries to enhance control and financial consolidation.
The company's outlook remains positive, with confidence in increased sales and earnings momentum in H2 FY27, driven by a strong launch pipeline and accelerated handovers. SPL aims to double its upcoming project portfolio size in the next 12-18 months and unlock value from its 105-acre Kolkata land bank over the next 3-5 years. Mr. Murali M, CMD of Shriram Properties, expressed confidence in sustained earnings momentum and driving development-led monetization.
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