ALFA Finder| Revenue growth | Q2 revenue ₹272 Cr, +19% YoY, driven by carried-over handovers. |
|---|---|
| Margins | EBITDA margin ~23% in Q2 vs ~8% LY; long-run target mid-20s. |
| Order book | Unsold GDV ~₹13,000 Cr incl. upcoming; ongoing only ~₹1,400 Cr. |
| Demand visibility | Demand described as steady; launches slated Nov–Mar, Mangiri deferred. |
| Management confidence | Balanced-to-optimistic; defensive on debt, deflects FY28 target question. |
Growth
Q2 revenue +19% YoY, EBITDA ~3x to ₹62 Cr, PAT +151%. Expenses were flat, but growth is timed by handovers, not steady demand.
Outlook
FY27 revenue ₹1,500–1,600 Cr, EBITDA ~₹300 Cr; H1 revenue ₹543 Cr implies a heavy H2 load.
Risks
Net debt ₹761 Cr (up ~76%); H2 needs ~₹957–1,057 Cr revenue; FY28 slide dropped; Pune launch slipped.
Last quarter's promises, checked
Delivered
- PAT +20–25% FY27 → Q2 PAT ₹21.6 Cr, +151% (= BEAT, H1 only)
- EBITDA margin 22–24% FY28 → Q2 ~23% (= BEAT, single qtr)
Partly delivered
- Revenue growth ≥20% → Q2 +19%, Q1 +4% (= PARTIAL)
- Balance-year handovers ₹1,560 Cr → H2 needs ₹957–1,057 Cr (= PARTIAL)
- FY28 revenue ₹2,500 Cr, PBT ₹250 Cr → slide dropped, no number reaffirmed (= PARTIAL)
Missed
- Manjari (Pune) launch Q3 → slipped (= MISS)
- Gearing 'not very significantly higher' short-term → D/E 0.29→0.51, net debt ₹432→761 Cr (= MISS)
Earnings Call Transcript filed with BSE, NSE: SHRIRAMPPS. Summary written with AI assistance from the document.
Shriram Properties Ltd: key numbers
- Share price
- ₹70.64
- Market cap
- ₹1,206 Cr
- Revenue (annual)
- ₹1,267 Cr
- Net profit (annual)
- ₹100.8 Cr
- P/E (TTM)
- 11.6×Sector 38.9×
- Promoter holding
- 27.89%+0.00% QoQ
- FII holding
- 6.31%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Shriram Properties Ltd
All →Shriram Properties Management Change
Three Independent Directors of Shriram Properties completed their tenure and ceased to hold office effective end of day 13 November 2026. The filing is a Reg 30 directorship change intimation with no monetary value.
Shriram Properties Investor Presentation: Key Takeaways
Q2 FY27 total revenue ₹272 Cr (+19% YoY), PAT ₹21.6 Cr (2.5x YoY), EBITDA margin 23%. H1 revenue ₹543 Cr (+11%). FY27 guidance reaffirmed, with H2 handover-led ramp.
Shriram Properties Employee Stock Options
Shriram Properties allotted 3,452,971 equity shares under ESOP/ESPS, lifting paid-up capital from Rs.170.65 Crore to Rs.171.11 Crore. No issue price or cash proceeds are stated for this allotment.
Shriram Properties Results Update
Shriram Properties reported Q2 FY27 PAT of ₹21.6 Cr, up 151% YoY, on revenue of ₹272.3 Cr. H1 sales crossed ₹1,067 Cr with record collections of ₹795 Cr.
Shriram Properties Q2 FY27 Results: Net Profit ₹21.6 Cr, Up 151.2% YoY
Shriram Properties Ltd reported revenue from operations of ₹183.6 Cr (-10.6% YoY) and net profit of ₹21.6 Cr (+151.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹21.6 Cr · +151.2% YoY
Shriram Properties Promoter Reclassification
Shriram Group Executives Welfare Trust, a promoter holding 0.14% of Shriram Properties, has requested reclassification to the Public category under Reg 31A. The Board will consider the request, subject to stock exchange approval.