Shriram Properties' Q1 FY 2025-26 Quarterly Results

Result Summary

• Shriram Properties Ltd reported a 27.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 24.0%.
• Its expenses for the quarter were down by 25.0% QoQ and up 31.0% YoY.
• The net profit increased 2.3% QoQ and increased 17.9% YoY.
• The earnings per share (EPS) of Shriram Properties Ltd stood at 1.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shriram Properties Ltd is a prominent real estate development company in India. The company primarily focuses on residential projects, including apartments, villas, and plotted developments. It operates mainly in cities such as Bengaluru, Chennai, and Kolkata, targeting the mid-market and affordable housing segments. Known for its high-quality construction and timely delivery, Shriram Properties has established a strong presence in the Indian real estate sector. As of the latest updates, there is no specific information about recent major developments or changes within the company.

Revenue

In the first quarter of the fiscal year 2026 (Q1FY26), Shriram Properties Ltd reported a total income of ₹261.54 crores. This represents a year-over-year increase of 24.0% compared to ₹210.90 crores in Q1FY25. However, on a quarter-over-quarter basis, the company experienced a decrease of 27.0% from the previous quarter (Q4FY25), where the total income was ₹358.37 crores. This decline in income from the last quarter may reflect seasonal or market variations impacting the company's revenue streams. The growth over the last year suggests an upward trend in revenue generation compared to the same period in the previous year.

Profitability

For Q1FY26, Shriram Properties Ltd registered a Profit After Tax (PAT) of ₹20.59 crores, which is a year-over-year increase of 17.9% from ₹17.46 crores in Q1FY25. The quarter-over-quarter change was modest, with a slight increase of 2.3% from the PAT of ₹20.12 crores in Q4FY25. The Earnings Per Share (EPS) remained consistent at ₹1.20 compared to the previous quarter, marking a 20.0% improvement year-over-year from ₹1.00. Despite a significant drop in Profit Before Tax (PBT) by 47.1% quarter-over-quarter and a 29.7% decrease year-over-year, the final profitability metrics indicate resilience in maintaining net earnings.

Operating Metrics

Examining the operating metrics, total expenses for Q1FY26 were reported at ₹244.55 crores, which is a decrease of 25.0% from the previous quarter's expenses of ₹326.28 crores but an increase of 31.0% when compared year-over-year from ₹186.74 crores in Q1FY25. The tax provision for Q1FY26 was ₹1.26 crores, showing a significant change from a tax benefit of -₹7.78 crores in Q4FY25 and a decrease of 87.2% year-over-year from ₹9.88 crores. The substantial reduction in tax expense and the corresponding changes in PBT and expenses suggest noteworthy operational adjustments or external factors influencing these metrics.