Sales Volume (9M FY26)
2.86M sq ft
-5% YoY
9-month sales volume slightly lower YoY; Q4 launches expected to boost full-year to ~4.5M sq ft.
SHRIRAMPROPERTIES
Other
14 Feb 2026
Shriram Properties Ltd — Q3 FY26
Shriram Properties reported Q3 FY26 revenue of ₹203 crore (+13% YoY) and a PAT loss of ₹7 crore, impacted by continued procedural delays in Bangalore's ekata and registration portal.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Shriram Properties reported Q3 FY26 revenue of ₹203 crore (+13% YoY) and a PAT loss of ₹7 crore, impacted by continued procedural delays in Bangalore's ekata and registration portal. However, 9-month operating cash flow grew 23% YoY to ₹193 crore, and collections rose 27% to ₹787 crore. The key positive was the resolution of the Kolkata land dispute by conveying 42.37 acres to the government, discharging ₹259 crore in liabilities with no cash outflow. Management guided for FY26 revenue of ₹1,300-1,500 crore and PAT of ₹90-100 crore, driven by a strong Q4 handover pipeline of ~900 units worth ₹800 crore. Risks include further Bangalore registration system instability and slower-than-expected Kolkata land monetization.
Key Numbers
Sales Value (9M FY26)
₹1,691 crore
+5% YoY
9-month sales value grew 5% YoY despite lower volumes, reflecting better pricing.
Operating Inflows (9M FY26)
₹787 crore
+27% YoY
Net collections from customers grew 27% YoY, indicating strong cash generation.
Handover Units (9M FY26)
2,170 units
+20% YoY
Handovers grew 20% YoY; Q4 target of 3,200-3,300 units for full year.
Management Guidance
FY26 revenue guidance of ₹1,300-1,500 crore
Management expects full-year revenue in the range of ₹1,300-1,500 crore, driven by Q4 handovers of ~900 units worth ₹800 crore.
Management guidance revenueFY26 PAT guidance of ₹90-100 crore
Full-year profit after tax is expected to be between ₹90-100 crore, implying a strong Q4 recovery.
Management guidance growthFY26 sales volume target of ~4.5 million sq ft
Revised down from 5.2-5.5 million sq ft due to launch delays; Q4 launches expected to help achieve ~4.5 million sq ft.
Management guidance growthKolkata land to generate ₹1,500 crore cash flow over 5 years
The entire Kolkata site (314 acres) is expected to generate ₹1,500 crore in cash flows from development and monetization over 3-6 years.
Management guidance expansionKey Risks
Bangalore registration system instability
The ekata and Kavary 2.0 portal issues in Karnataka continue to delay handovers and revenue recognition, though management says Q4 is more stable.
high · analyst_questionKolkata land monetization timeline uncertainty
Management declined to provide a specific timeline for monetizing surplus land, citing dynamic market conditions and product mix decisions.
medium · analyst_questionFY28 medium-term targets may be at risk
With two years left, FY26 sales volumes are flat YoY; achieving 3x revenue and 4x profit by FY28 depends on strong execution and land monetization.
medium · data_observationNotable Quotes
We believe the slowdown fears seem unfounded. New launches are receiving good traction. Sustainment sales is strong which clearly shows us or demonstrates to us that the customer purchasing is continuing with a good momentum.
Had the inhaps moved in line with the expectation both top for 9 months would have been meaningfully higher. Since this is only deferment, we remain confident our full year earning.
We will not do projects if it is less than 25% IRRa in general in Kolkata because it's our existing land. We would imagine IR will be significantly higher at current price points.
Frequently Asked Questions
What was Shriram Properties's revenue in Q3 FY26?
Shriram Properties reported revenue of ₹179 Cr in Q3 FY26, representing a +13% change compared to the same quarter last year.
What guidance did Shriram Properties management give for FY27?
FY26 revenue guidance of ₹1,300-1,500 crore: Management expects full-year revenue in the range of ₹1,300-1,500 crore, driven by Q4 handovers of ~900 units worth ₹800 crore. FY26 PAT guidance of ₹90-100 crore: Full-year profit after tax is expected to be between ₹90-100 crore, implying a strong Q4 recovery. FY26 sales volume target of ~4.5 million sq ft: Revised down from 5.2-5.5 million sq ft due to launch delays; Q4 launches expected to help achieve ~4.5 million sq ft. Kolkata land to generate ₹1,500 crore cash flow over 5 years: The entire Kolkata site (314 acres) is expected to generate ₹1,500 crore in cash flows from development and monetization over 3-6 years.
What are the key risks for Shriram Properties in FY27?
Key risks include Bangalore registration system instability — The ekata and Kavary 2.0 portal issues in Karnataka continue to delay handovers and revenue recognition, though management says Q4 is more stable.; Kolkata land monetization timeline uncertainty — Management declined to provide a specific timeline for monetizing surplus land, citing dynamic market conditions and product mix decisions.; FY28 medium-term targets may be at risk — With two years left, FY26 sales volumes are flat YoY; achieving 3x revenue and 4x profit by FY28 depends on strong execution and land monetization..
Did Shriram Properties meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Shriram Properties Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.