Shriram Properties Q3 FY26 Results: Sales at ₹565 Cr, Net Loss of ₹7 Cr
Shriram Properties reported Q3 FY26 sales of ₹565 Cr and 9M FY26 sales of ₹1,691 Cr. The company resolved Kolkata land issues, conveying 42.37 acres. Net loss for Q3 FY26 was ₹7 Cr, with nine-month net earnings at ₹22 Cr due to handover delays. A pipeline of over 1,200 homes is scheduled for handover in Q4 FY26.
The resolution of the Kolkata land issue is a positive strategic development. However, the muted financial performance in the quarter due to operational challenges and a net loss indicates a moderate impact on short-term financial health. The strong Q4 outlook provides some mitigation.
The company resolved a significant land issue positively, but the financial results for the quarter were impacted by operational delays leading to a net loss. While the outlook for Q4 is positive due to a strong handover pipeline, the current quarter's performance is mixed.
Shriram Properties Limited (SPL) has announced its financial results for the third quarter (Q3 FY26) and nine months ended December 31, 2025. The company reported a quarterly sales value of ₹565 crores (0.9 msf), with aggregate sales value for 9M FY26 standing at ₹1,691 crores. Gross collections were strong at ₹424 crores in Q3 and ₹1,150 crores for 9M FY26.
In a significant development, SPL has amicably resolved Kolkata land issues with the State through the conveyance of 42.37 acres from its 314-acre land parcel at Uttarpara. Bengal Shriram Hitech City Private Limited (a subsidiary of SPL) is now fully discharged of its obligations. The company plans to utilize a portion of the remaining land for its own development and monetize the balance, with over 5 msf of development ongoing and plans for new projects involving 5-6 msf with a potential GDV of ~₹3,000 Crores over the next five years.
Despite strong collections and sales, revenue recognition was constrained in Q3 FY26 due to intermittent disruptions and stabilization challenges in the new e-Khata system, which delayed the handover of recently completed projects. Consequently, Gross Profit, EBITDA, and Net Profit for the quarter were muted at ₹41 crores, ₹13 crores, and ₹(-)7 crores, respectively. Net earnings for the nine months stood at ₹22 crores.
The company has a strong pipeline of over 1,200 homes scheduled for handover in the coming quarter, primarily in Kolkata and Chennai markets, which is expected to boost revenue recognition and earnings in Q4. Management remains confident of delivering robust earnings growth for the full year and creating sustainable long-term value for stakeholders.
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