Shriram Properties (SPL) has announced a net consolidated profit after tax of ₹8.57 crore for the quarter ending September 30, 2025. In contrast, the company reported a loss after tax of ₹79 lakh during the same quarter of the previous fiscal year, as stated in a filing with the BSE.
The net consolidated total income of the company reached ₹229.01 crore in Q2 FY26, marking a 47.65 percent increase from ₹155.10 crore recorded in the corresponding quarter of the previous year. Gopalakrishnan J, the executive director and CEO of the company, remarked, “Q2 has proven to be a promising quarter in terms of operations, showcasing robust sequential and year-on-year growth.
Although financial performance was somewhat subdued, we anticipate a significant recovery in H2 FY26 as transitional issues diminish. With a strong pipeline of launches and a focus on execution, we are optimistic about achieving stronger results in H2 FY26 and fulfilling our annual targets.”
During the quarter, the company achieved sales volumes of 1.1 million square feet, valued at ₹685 crore. Cumulative sales for H1 FY26 amounted to two million square feet, with a total value of ₹1,126 crore. Gross collections were reported at ₹388 crore for Q2 FY26 and ₹725 crore for H1 FY26. The company successfully handed over 760 units in Q2 FY26 and over 1,500 units in H1 FY26.
The company has added five new projects to its portfolio, encompassing 2.3 million square feet of aggregate development and a gross development value (GDV) of ₹2,350 crore thus far in FY26. Additionally, it is in the advanced stages of finalizing another 5-6 projects with a development potential exceeding six million square feet during H2 FY26. Projects with a potential exceeding 20 million square feet are currently under active evaluation, as stated by the company.
The net debt of the company stood at ₹407 crore, resulting in a net debt-to-equity ratio of 0.29x. Cash flows from operations more than doubled sequentially to ₹52 crore in Q2 FY26, totaling ₹76 crore for H1 FY26. The company invested ₹143 crore in new projects and concluded the period with cash and cash equivalents amounting to ₹286 crore.
