Shriram Properties Limited has informed the Exchange about Transcript
SHRIRAMPPS · price
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Shriram Properties reported its strongest-ever first quarter, with sales volume rising 17% year-on-year to 0.82 million square feet valued at INR 441 crore, and collections of INR 338 crore. Total revenue grew 24% year-on-year to INR 262 crore, with gross margin holding at 34% and net profit reaching a record Q1 high of INR 21 crore, up 18% year-on-year. The company handed over 740+ units, repaid INR 77 crore of debt, and ended the quarter with net debt of INR 380 crore and net debt-to-equity of 0.28, among the lowest in the sector. The maiden Pune project (Codename Superstar) saw 150+ bookings, a new Bangalore project (Codename The One) was launched in July, and Kolkata's Shriram Springfield is launch-ready. Management reaffirmed FY26 guidance of 3,300-3,600 unit handovers and revenue of INR 1,250-1,300 crore, while outlining 'Mission 1-2-3-4' targets to be achieved by FY28.
Strong operational and financial performance with healthy cash flow, disciplined debt reduction, and a robust project pipeline should support investor confidence. However, management acknowledged low valuation multiples and ROE concerns raised by analysts, indicating the stock may remain range-bound until earnings consistency is rewarded by the market.