Shriram Properties Reports Q1 FY27 Results; Operational Momentum Strong with Key Project Launches in Chennai and Kolkata

Shriram Properties Reports Q1 FY27 Results; Operational Momentum Strong with Key Project Launches in Chennai and Kolkata​

Shriram Properties Limited has announced its financial results for the quarter ending June 30, 2026 (Q1FY27), showcasing a steady start to the fiscal year marked by strong operational execution and key project introductions.

The Company reported robust operational performance during Q1FY27, supported by successful new launches in major markets. SPL successfully introduced 'Forest View,' Kolkata's first Branded Land, which generated encouraging customer interest. In Chennai, SPL entered the premium residential segment with its 'King Life' project launch in Koyambedu. Both projects garnered healthy sales within the first 30 days of their respective launches, bolstering confidence in the Company’s product strategy.

Gross customer collections grew by 8% year-on-year (YoY), reaching ₹365 crore, thanks to robust execution milestones and handover-linked collections. SPL handed over more than 690 units during Q1, maintaining strong momentum built upon previous quarters' handovers. On the business development front, the Company added a new project with an estimated Gross Development Value (GDV) of approximately ₹650 crore and is in advanced stages of closure for additional projects with a potential of over 7 million square feet.

Financial Performance Overview​

The financial results highlight stable revenue recognition from recently completed projects alongside significant operational activity. Key financial figures for Q1FY27, compared to the previous year's quarter and the full fiscal year FY26, are presented below:


In addition to the core profitability metrics, the Company generated operating cash flows of ₹54 crore and deployed ₹88 crore toward new project investments during the quarter. SPL maintained a comfortable balance of ₹219 crore in cash and cash equivalents. The company’s net debt stood at ₹432 crore, maintaining a healthy net debt to equity ratio of 0.3x.

Management Outlook and Strategy​

Mr. Murali M, Chairman and Managing Director of SPL, commented on the results, stating that FY27 has commenced on a strong note, characterized by robust operational performance and encouraging customer responses to new launches across Chennai and Kolkata. He added that with a healthy balance sheet and diversified projects across Bengaluru, Chennai, Kolkata, and Pune, SPL is well-positioned to seize growth opportunities and create long-term value for stakeholders.

The company remains confident in sustaining its growth momentum, backed by the strong launch pipeline scheduled for the second half of FY27 (H2FY27), coupled with improving visibility on upcoming handovers. The encouraging response from both Chennai and Kolkata validates the Company’s product strategy. SPL is focused on accelerating execution and timely handovers to maximize revenue recognition throughout the remainder of FY27, while simultaneously working to strengthen its development pipeline through continued new project additions beyond FY27.

Company Profile​

Shriram Properties Ltd (SPL) is a leading residential real estate developer focusing on the mid-market and midpremium segments in Bengaluru, Chennai, Pune, and Kolkata. As of June 30, 2026, SPL has delivered over 52 projects totaling 32.9 million square feet in Bengaluru, Chennai, and Kolkata. The company maintains a strong development pipeline comprising 41 projects with an aggregate development potential of 33.7 million square feet, including 16.0 million square feet currently ongoing.

SHRIRAMPPS Stock Price Movement​

On Wednesday, Shriram Properties Limited shares slipped by 4.06% to close at ₹83.30. The stock traded a volume of 720,386 shares, reflecting the daily movement.