Shriram Properties Ltd

Financial Performance

• Q1 FY27 revenue INR271 crores; EBITDA INR42 crores; PAT INR11 crores.
• Sales value INR484 crores; sales volume 0.85 million sq ft; collections INR365 crores; 690 units handed over.
• Free cash flow before new project investments INR135 crores; invested INR88 crores; closing cash INR219 crores.
• Gross external debt INR651 crores; cash INR219 crores; net debt INR432 crores; net debt/equity 0.29x; cost of debt ~11%.
• Equity INR1,471 crores; CRISIL A- (positive) rating.

Operations & Pipeline

• Q1 launches total 0.9 mn sq ft across 3 projects (Stellar Chennai 0.3, Southbrook Kolkata 0.4, Green Meadows Chennai 0.2).
• Stellar launch: ~20% of project sold during launch weekend.
• Pipeline: total 33.7 mn sq ft; ongoing 16 mn, upcoming 17.7 mn.
• Unsold area 2.9 mn sq ft; unsold GDV INR 1,970 crores.
• Current pipeline GDV potential INR 13,530 crores; advanced-stage 7.3 mn sq ft; >INR 6,000 crores GDV to be added in 3–6 months.
• Aim to nearly double upcoming pipeline over 18–24 months.

Guidance & Outlook

• FY27 guidance remains unchanged; confident of achieving full-year targets.
• FY27 handovers: more than 2,900 units; revenue potential over INR 1,560 crores in H2.
• FY27–FY28 launches: 7 mn sq ft potential; 6 mn sq ft planned for FY27.
• FY28 mission: sales value INR 5,000 crores; revenue INR 2,500 crores; PBT INR 250 crores.
• FY28 EBITDA margin target: 22%–24%.

Q&A Highlights

• FY28 targets confirmed: INR5,000 crore sales value; INR2,500 crore revenue; EBITDA 22–24% by FY28.
• Kolkata land sale not a material part of FY28 plan.
• 8 mn sq ft launches to recognize about INR 4,800 crores of revenue between FY27–FY28.
• Current pipeline GDV cited as INR 13,530 crores; slide 19 cites ~INR 14,000 crores over 5–7 years.

Meeting Details

• Date and time: Tuesday, August 18, 2026, 02:00 P.M. onwards.
• Nature: Group meeting; mode physical in Mumbai.
• Organizer: Shriram Properties Limited Analyst/Institutional Investor Meeting.

Participants

• Company officials to participate (investor relations/management team).

Purpose

• Investor/analyst discussion based on publicly available information.

Additional Notes

• Discussions will be based on publicly available information with no UPSI intended.

Meeting Details

• Date: August 13, 2026; time not disclosed.
• Type: investor conference call; mode: audio recording (virtual teleconference).
• Organizer: Shriram Properties Limited.

Participants

• Key participants: senior management (CEO, CFO) and Company Secretary & Compliance Officer.

Purpose

• Purpose: discuss Q1 FY27 unaudited results for quarter ended June 30, 2026.

Additional Notes

• Audio recording uploaded; transcript will be shared with stock exchanges and uploaded on website.

Meeting Details

• Date: August 13, 2026; meeting type: Analyst/Institutional Investor conference call; mode: audio conference.

Participants

• Key company participants: company representatives (e.g., Company Secretary & Compliance Officer).

Purpose

• Discuss financial performance and unaudited results for the quarter ended June 30, 2026.

Additional Notes

• Audio recording uploaded on the company website; transcript to be shared with exchanges and uploaded.

Financial highlights and outlook

• Q1 FY27 unaudited revenue ₹271 crore, up 4% YoY.
• EBITDA ₹41.9 crore; Profit before tax ₹18.1 crore; Net profit ₹11.0 crore.
• Operating cash flows ₹54 crore; capex ₹88 crore during the quarter.
• Net debt ₹432 crore; net debt-to-equity 0.3x; cash ₹219 crore.
• CRISIL rating: A(-)/Positive.
• Outlook: strong launch pipeline in H2 FY27; emphasis on timely handovers.
• New project added: GDV ~₹650 crore; 7+ msf development potential.
• Launched Kolkata Forest View and Chennai King Life; strong early customer traction.
• Development pipeline: 41 projects, 33.7 msf; 16.0 msf ongoing.
• Record handovers in Q1; 690+ units handed over in Q1.
• FY27 launch momentum and improved visibility on scheduled handovers; growth trajectory.

Business Overview

• Core business: mid-market to mid-premium residential developments in Bengaluru, Chennai, Kolkata, Pune.
• Strategic focus: premiumization, plots product segment, and Kolkata land monetization.

Operational Highlights

• Q1 FY27 launches: three projects across Kolkata and Chennai, including two new projects and one phase launch.
• Entered Chennai premium segment with premium project; ~20% sold in launch week.
• Launched plots as a new product segment to diversify portfolio.
• H2 launches in Bengaluru and Pune progressing; approvals advancing.
• Kolkata monetization momentum with plots and villas; land-bank value realization.

Financial Performance

• Income from operations ₹224.3 Cr; total operating revenues ₹263.6 Cr.
• Total revenues ₹271.1 Cr; gross profit ₹56 Cr; gross margin 25%.
• EBITDA ₹41.9 Cr; net profit ₹11.0 Cr.
• Collections ₹365 Cr; handovers 690 units; cash flow from operations ₹54 Cr.
• Net debt ₹432 Cr; cash ₹219 Cr; net debt/equity 0.29x; CRISIL A- (Positive).
• FY27 guidance unchanged; 10+ new launches; ~7 msf pipeline addition.

Capital Structure & Liquidity

• Gross external debt ₹651 Cr; net debt ₹432 Cr; cash ₹219 Cr.
• Net debt/equity 0.29x; cost of debt ~11%; CRISIL A- (Positive).
• Cash flow from operations ₹54 Cr; free cash flow ₹47 Cr for Q1FY27.

Strategic Priorities & Outlook

• FY27 guidance remains on track; on-track project completions and launches.
• FY28 targets: Sales Value ₹5,000 Cr+; Revenues ₹2,500 Cr+; PBT ₹250 Cr+.
• FY27 new project launches calendar includes 10+ launches.
• 6 msf new supply and new phase launches planned for FY27.

Risks & Mitigation

• Labour movements during state elections affected execution; rebound in H2.
• Approval process progressing steadily; Bangalore launches expected in H2.

Governance & Leadership

• No major governance changes reported in this update.

Board outcomes

• Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026, with Limited Review Report.
• AGM post-IPO to be held via VC/OAVM; annual report and AGM notice to be shared.
• Limited Review Report of the Statutory Auditors is enclosed.
• Board meeting held on August 12, 2026, from 06:30 PM to 07:20 PM.
• Annual Report and AGM Notice to be shared with stock exchanges and members in due course.

Meeting Details

• Date and time: Thursday, August 13, 2026, 11:00 IST.
• Type and mode: Investors/Analyst call; earnings call; virtual teleconference.
• Event/organiser: Earnings Call for Q1 FY27.
• Organizer: Shriram Properties Limited; RSVP contact: Strategic Growth Advisors Pvt. Ltd.

Participants

• Chairman & Managing Director (CMD).
• Executive Director & CEO (ED & CEO).
• Chief Financial Officer (CFO).

Purpose

• Discuss Q1 FY27 operational and financial performance for the quarter ended June 30, 2026.

Additional Notes

• Details to be hosted on the company's website.
• Pre-registration per invitation.

Dematerialisation/rematerialisation reporting

• Details of dematerialised/rematerialised securities furnished to all stock exchanges.
• Furnishing performed by the Registrar and Transfer Agent.