Shriram Properties Ltd - Strong Q4 Momentum Powers Resilient Performance in FY26

Shriram Properties Limited ("SPL") has announced its financial results for the quarter ("Q4FY26") and the year ended March 31, 2026 ("FY26").

Operational Highlights

SPL reported sales booking of Rs. 2,354 crores (~4.2 msf1) during FY26, supported by encouraging response to launches and strong sustenance sales, across regions. Overall sales remained resilient and satisfactory, despite launch deferment due to external challenges. For the quarter, SPL reported sales bookings of Rs. 663 crores (~1.3 msf) in Q4FY26. With approvals progressing well and welldistributed launches across regions (viz., Kolkata, Chennai and Bengaluru), the Company expects stronger sales momentum in FY27.

Customer collections reached a new high of Rs. 1,661 crores (+12% YoY) in FY26, driven by sustained construction progress and strong handover momentum during Q4. Quarterly collections up 12% YoY at Rs. 511 crores in Q4FY26.

SPL achieved highest-ever handovers by delivering 3,465 homes/plots in FY26. This is remarkable, as the Company had to navigate through the eKhata & registration challenges that impacted handovers in 9MFY26. SPL's focused efforts led to handover of 1,300+ homes/plots in Q4FY26 alone, and significantly aided revenue recognition and superior earnings during the quarter.

Significant highlights of FY26 results are as follows:

- Highest-ever annual Revenues of Rs.1,356.9 crores, driven by record handovers in recently completed projects.

- Gross Margins stable at 29%, reflecting strong underlying project profitability.

- EBITDA2 nearly flat at Rs. 176.8 crores; Highest ever Net Profit of Rs. 100.8 Crs - up 30% YoY.

- PBT (before JV income/(loss)) higher by 25% YoY at Rs.80.6crs, also supported by lower finance costs - down 18% YoY to Rs.86.2 crores in FY26.

- Net Debt at Rs. 438 crores, leading to debt-equity of only 0.30x - amongst lowest in the industry and provides headroom for future growth.

On a full year basis (FY26), SPL has generated operating cashflows of Rs. 271 crores and Free Cash Flow (FCF) before new project investments of Rs. 224 crores in FY26. SPL invested nearly Rs. 370 crores towards new project investments during the year. With cash & cash equivalents of Rs. 172 crores and low gearing of only 0.30x as at the year-end, the Company remains well positioned in accelerating new projects acquisitions even in the future.

On a quarterly basis (Q4FY26), Total Revenues and EBIDTA have grown more than 50% on YoY basis to Rs.662.7 crores and Rs.108.8 crores respectively. Net Profit stood at Rs.78.5 crores, up 65% YoY.

Outlook

SPL remains focused on accelerated execution, disciplined capital allocation and stronger delivery momentum to drive revenue and growth. With ~85% of ongoing project portfolio is already sold and the remaining area likely to be sold in few quarters and with on-track progress for completion, SPL is confident of realising their revenue recognition potential of Rs.4,000+ crores over the next 3 years.

With 18+ msf of new projects already in the pipeline for launch over the next 3 years and ongoing thrust on BD pipeline addition, SPL is confident of sustaining growth momentum. SPL remains optimistic about the years ahead and committed to delivering sustained performance and creating stakeholder value.

Commenting on the performance, Mr. Murali M, Chairman and Managing Director of SPL said: "FY26 marks a defining year for the Company, demonstrating the strength of our business model, execution capabilities and resilience in navigating external challenges. The strong momentum witnessed in Q4 has continued to strengthen our confidence and outlook for the coming year.

Despite ongoing global uncertainties, the Indian residential real estate sector remains resilient and structurally strong. Backed by our strong balance sheet, disciplined execution, customer-centric approach and growing brand strength, we remain excited about the opportunities ahead and confident of creating sustained long-term value for all stakeholders."

Shares of Shriram Properties Limited was last trading in BSE at Rs. 91.05 as compared to the previous close of Rs. 83.86. The total number of shares traded during the day was 445260 in over 3429 trades.

The stock hit an intraday high of Rs. 95.01 and intraday low of 85.47. The net turnover during the day was Rs. 40811258.00.

Source : Equity Bulls

Keywords

ShriramProperties Residential Commercial RealEstate INE217L01019 Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate