Shriram Properties Limited reported a 10% year-on-year increase in quarterly sales to ₹484 crore in Q1FY27, with profit before tax rising marginally to ₹18 crore. The company’s full-year outlook remains unchanged, supported by project execution and a strong launch pipeline for the second half of the fiscal year.
SPL recorded its highest-ever first-quarter sales of ₹484 crore, equivalent to 0.85 msf, during the quarter ended June 30, 2026. This performance was supported by project launches in Chennai and Kolkata.
In Kolkata, the company launched plots under the codename “Forest View”, positioned as the city’s first Branded Land offering. The launch received an encouraging response from customers. In Chennai, SPL entered the premium residential segment with the launch of its Koyambedu project, codenamed “King Life”.
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Both projects were launched in June 2026 and recorded healthy sales during their first 30 days. The initial response to the two launches reinforces SPL’s confidence in its product strategy.
Gross customer collections increased 8% year-on-year to ₹365 crore during Q1FY27, supported by execution-linked milestones and handover-related collections. SPL handed over more than 690 units to customers during the quarter, extending the execution momentum established through the record handovers achieved in Q4 FY26.
The company’s total revenue stood at ₹271 crore in Q1FY27, compared with ₹261.5 crore in Q1FY26, representing a 4% year-on-year increase. Gross profit stood at ₹56 crore for the quarter, while EBITDA was ₹42 crore, compared with ₹41.6 crore in Q1FY26.
Profit before tax increased to ₹18.1 crore from ₹17 crore in the year-ago quarter. Net profit, however, stood at ₹11 crore compared with ₹20.6 crore in Q1FY26. Finance costs were ₹21 crore during the quarter, supported by the cessation of non-cash charges related to the non-compete fee in Kolkata.
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SPL remains confident of maintaining its growth trajectory through FY27, supported by a strong pipeline of launches planned for H2FY27, continued project execution, and improving visibility on scheduled handovers. They plan to continue adding projects across their key markets, which is expected to strengthen their development pipeline and provide a foundation for growth beyond FY27.
Commenting on the performance, Murali M, Chairman and Managing Director of SPL, said, “We have commenced FY27 on a strong note, with robust operational performance and encouraging customer response to our new launches across Chennai and Kolkata. With a healthy balance sheet, disciplined capital allocation, and a diversified project portfolio across Bengaluru, Chennai, Kolkata, and Pune, SPL remains well positioned to pursue its growth opportunities while continuing to create sustainable long-term value for all stakeholders.”
SPL’s development pipeline expansion is underway, with the company adding a new project with an estimated gross development value of approximately ₹650 crore during Q1FY27. It is also at an advanced stage of closing additional projects representing more than 7 msf of development potential. The company’s net debt was ₹432 crore, with a net debt-to-equity ratio of 0.3x, and they retained their CRISIL credit rating of A(-)/Positive.
