Shriram Properties Reports Rs. 229 Cr Revenues, 48% YoY in Q2 FY26
Filing Summary
Shriram Properties Limited has released its unaudited financial results for Q2FY26, reporting total revenues of Rs. 229 crore, a 48% increase year-on-year. The company achieved sales volumes of 1.1 million square feet valued at Rs. 685 crore during the quarter. Despite temporary revenue recognition deferrals due to regulatory delays, net profit reached Rs. 8.6 crore. Gross collections stood at Rs. 388 crore. The company added five new projects with a gross development value of Rs. 2,350 crore. Net debt was reported at Rs. 407 crore, with a net debt-to-equity ratio of 0.29x.
Shriram Properties Limited has announced its unaudited financial results for the second quarter of the fiscal year 2026, ending September 30, 2025. The company reported total revenues of Rs. 229 crore, marking a 48% increase compared to the same period last year. Sales volumes for the quarter reached 1.1 million square feet, valued at Rs. 685 crore. Cumulative sales for the half-year stood at approximately 2.0 million square feet, valued at Rs. 1,126 crore.
Financial performance in Q2FY26 was affected by temporary deferrals in revenue recognition due to delays in obtaining occupancy certificates and eKhata for recently completed projects. Despite these challenges, the company reported a net profit of Rs. 8.6 crore for the quarter. Gross collections were recorded at Rs. 388 crore, with half-year collections totaling Rs. 725 crore. The company ended the period with cash and cash equivalents of Rs. 286 crore, reflecting strong liquidity.
Operationally, Shriram Properties launched three new projects during the quarter, contributing to the strong sales momentum. The company handed over more than 760 units in Q2 and over 1,500 units in the first half of the fiscal year. The company added five new projects to its portfolio, with a total development potential of 2.3 million square feet and a gross development value of Rs. 2,350 crore.
The company is in the process of finalizing another five to six projects with a development potential of over 6.0 million square feet in the second half of FY26. Projects with over 20 million square feet potential are under active evaluation. The company has achieved approximately 40% of its annual target, with the second half of the year expected to be seasonally strong.
Net debt stood at Rs. 407 crore, with a net debt-to-equity ratio of 0.29x, one of the lowest in the sector. This provides significant headroom for funding future growth needs. The company’s credit rating was reaffirmed by CRISIL at A (-)/Positive, indicating sound governance and prudent financial management.
The company expects to recoup deferred revenue recognition in the second half of the fiscal year as the regulatory environment normalizes. With a robust pipeline of upcoming launches and continued additions to the business development portfolio, the company anticipates strong financial performance in the coming quarters.
Shriram Properties Limited is a leading residential real estate developer in India, focusing on the mid-market and mid-premium segments. The company’s key markets include Bangalore, Chennai, Pune, and Kolkata. With a track record of delivering 48 projects, Shriram Properties continues to expand its development pipeline, aiming to enhance value creation for stakeholders.