Shriram Properties Q3 FY26 Sales at ₹565 Crore; Resolves 42.37-Acre Kolkata Land Issue, Sees Strong Q4 Earnings Visibility

Bengaluru, February 14, 2026: Shriram Properties Limited (NSE: SHRIRAMPPS | BSE: 543419) reported a resilient operational performance for the third quarter of FY26, with quarterly sales value of ₹565 crore, while earnings remained muted due to deferred revenue recognition. The company also announced a strategic resolution of its long-pending Kolkata land issue, strengthening its balance sheet visibility and medium-term growth outlook.

Kolkata Land Issue Resolved; 42.37 Acres Conveyed​

In a key strategic development during the quarter, Shriram Properties resolved Kolkata land-related matters through the conveyance of 42.37 acres out of its 314-acre land parcel at Uttarpara. Following the execution, Bengal Shriram Hitech City Private Limited, a subsidiary of the company, stands fully discharged of its obligations in the matter.
The company intends to utilize part of the remaining land for its own development and monetize the balance. Over 5 million square feet is currently under development, with plans to pursue new projects involving 5–6 million square feet, translating into a potential gross development value of approximately ₹3,000 crore over the next five years.

Q3 FY26 Operational Performance​

Shriram Properties reported quarterly sales value of ₹565 crore in Q3 FY26, representing 0.9 million square feet of sales area. For the nine months ended December 31, 2025, aggregate sales stood at ₹1,691 crore.

Sales and Collections​

Sales traction during the quarter was supported by encouraging response to launches in Kolkata and steady sustenance sales across projects. Gross collections remained robust at ₹424 crore in Q3 and ₹1,150 crore during 9M FY26, aided by steady construction progress.

Earnings Impacted by Revenue Deferrals​

While occupancy certificate issues were resolved, intermittent disruptions and stabilization challenges in the new e-Khata system led to delays in handover of recently completed projects. This constrained revenue recognition during the quarter.
As a result, Q3 FY26 earnings remained muted:
Net earnings for the nine months stood at ₹22 crore.

Strong Handover Pipeline Supports Q4 Outlook​

The company has over 1,200 homes scheduled for handover in the coming quarter, primarily in Kolkata and Chennai. Management expects this to significantly improve revenue recognition and earnings momentum in Q4, reinforcing confidence in full-year performance.
Commenting on the results, Mr. Murali M, Chairman and Managing Director, said the quarterly performance was impacted by short-term factors, but the full-year outlook remains positive with improving approvals and launch momentum. He added that the company is well positioned to drive sustainable and profitable growth backed by disciplined execution and a strong pipeline.

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