Risk Intelligence
Bangalore registration system instability
View Risks →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.
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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.
Bangalore registration system instability
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Read Transcript →9-month sales volume slightly lower YoY; Q4 launches expected to boost full-year to ~4.5M sq ft.
9-month sales value grew 5% YoY despite lower volumes, reflecting better pricing.
Net collections from customers grew 27% YoY, indicating strong cash generation.
Handovers grew 20% YoY; Q4 target of 3,200-3,300 units for full year.
Management expects full-year revenue in the range of ₹1,300-1,500 crore, driven by Q4 handovers of ~900 units worth ₹800 crore.
The ekata and Kavary 2.0 portal issues in Karnataka continue to delay handovers and revenue recognition, though management says Q4 is more stable.
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