Shriram Properties Q2 FY27 Revenue Up 19% to ₹272.3 Cr
Shriram Properties Limited (SPL) reported strong Q2 FY27 results with total revenues up 19% YoY to ₹272.3 crores. EBITDA surged 235% to ₹62.4 crores and Net Profit grew 151% to ₹21.6 crores. Sales reached ₹583 crores (+20% QoQ), with aggregate sales for H1 FY27 crossing ₹1,067 crores. The company handed over 760 units in Q2 and plans to deliver 2,300 more in H2 FY27. A significant development was the successful launch of 'Plots' and Villas in Kolkata, with over 70% of inventory sold within 90 days, indicating strong potential for future monetization. SPL also acquired partners' interests in five JVs, converting them into wholly owned subsidiaries, enhancing control and financial consolidation. Net debt stood at ₹761 crores, with a Net Debt-to-Equity ratio of 0.5x.
Key Highlights
- Q2 FY27 revenue increased 19% YoY to ₹272.3 crores.
- EBITDA grew 235% to ₹62.4 crores; Net Profit up 151% to ₹21.6 crores.
- Sales reached ₹583 crores in Q2, with H1 sales exceeding ₹1,067 crores.
- Kolkata new initiatives saw over 70% inventory sold in 90 days.
- Acquired full ownership of five JVs, enhancing control and consolidation.
Price Impact
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