Shriram Properties FY26: Return to Profitability with Net Profit at ₹47.6 Crore
Return to Annual Profitability
Shriram Properties reported a return to profitability in FY26, with net profit of ₹47.6 crore compared to a net loss of ₹77.9 crore in FY25. Revenue from operations increased to ₹1,268.8 crore during the year from ₹1,106.7 crore in the previous fiscal, reflecting improved project deliveries and sustained demand across its residential portfolio.
Strong Quarter-End Performance
For the quarter ended March 2026, the company reported a consolidated net profit of ₹21.9 crore, a sharp increase from ₹4.3 crore recorded in the corresponding period of the previous year, with quarterly revenue rising to ₹407.2 crore from ₹288.4 crore a year earlier.
Drivers of Improvement
The company attributed the improved performance to stronger execution across ongoing projects, disciplined cost management and continued momentum in housing demand across its core markets. SPL reported sales bookings of ₹2,354 crore (4.2 million sq ft) for FY26.
Strategic Expansion in Joint Ventures
The company approved a strategic move to acquire partner stakes in four joint venture projects, strengthening its control over key developments across its portfolio. The net debt of the company stood at ₹438 crore, resulting in a debt-equity ratio of 0.30x.
Cash Generation and Reinvestment
For the full year FY26, SPL generated operating cash flows of ₹271 crore and free cash flow before new project investments of ₹224 crore. The company invested nearly ₹370 crore in new project investments during the year.
About Shriram Properties
Shriram Properties was founded in 1995 and is based in Bengaluru, India. The company operates a portfolio of 50 thoughtfully developed projects spanning over 30.8 million square feet, primarily in Bengaluru, Chennai, and Kolkata. The company recently also entered the Pune market to explore new growth opportunities.
Shriram Properties is one of the leading residential real estate development companies in South India primarily focused on the mid-market and affordable housing categories, also present in plotted development, mid-market premium, luxury housing as well as commercial and office space categories in core markets.