Shraddha Prime Projects reported a consolidated net profit of ₹2,330.18 lakh for the quarter ended March 31, 2026, a significant increase from ₹674.43 lakh in the same period last year. Revenue from operations for the quarter surged to ₹18,631.12 lakh, compared to ₹4,814.40 lakh in the corresponding quarter of the previous year. The company also reported Q4 EBITDA of ₹235M versus ₹82M year-on-year, while the EBITDA margin stood at 12.63% compared to 17.03% in the same period last year. For the full year ended March 31, 2026, the company recorded a net profit of ₹5,338.79 lakh on total revenue of ₹52,098.60 lakh.

The Board of Directors approved the audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. Monika Jain & Co., issued an unmodified opinion on the financial results.

Financial Performance

The company's standalone financial results for the quarter ended March 31, 2026, showed a net profit of ₹2,313.84 lakh, with revenue from operations at ₹10,528.98 lakh. Total income for the standalone entity stood at ₹11,676.98 lakh for the quarter. The basic and diluted earnings per share (EPS) for the standalone entity were reported at ₹22.69 for the quarter.

Consolidated Key Metrics

EBITDA Performance

The following table highlights the quarterly EBITDA performance on a year-on-year basis:

While absolute EBITDA more than doubled year-on-year, the EBITDA margin contracted from 17.03% to 12.63%, reflecting the significant scale-up in revenues during the quarter.

Operational Highlights

The company's running project portfolio reached an estimated Gross Development Value (GDV) of approximately ₹2,500 crore in FY2025-26, representing a six-fold increase from FY2023-24. With a projected GDV pipeline of approximately ₹5,000 crore in FY2026-27, Shraddha Prime continues to strengthen its growth trajectory across Mumbai's redevelopment market. The company received Commencement Certificates for two key projects: “Pratham by Shraddha” in Borivali West and “Shraddha Paradise Enclave” in Mulund (West).

GDV Growth Trajectory

Corporate Developments

During the financial year, Shraddha Prime Projects entered into partnership firm agreements with three newly incorporated entities: Shraddha Vastu Developers, Shraddha Sai Infra, and Shraddha Harmony. The company holds profit-sharing ratios of 95%, 51%, and 95% in these firms, respectively. Additionally, the company increased its authorised share capital from ₹45,00,00,000 to ₹65,00,00,000 by creating 2,00,00,000 additional equity shares of ₹10 each.

The company also issued Non-Convertible Debentures (NCDs) aggregating to ₹58 crore on a private placement basis, carrying a coupon rate of 20.04% and redeemable on December 7, 2028. The Board of Directors monitors the business activity as a single segment focused on real estate development and related construction activities.

Shraddha Prime Projects Limited has received the Commencement Certificate (CC) for its upcoming redevelopment project "Shraddha Paradise Enclave" in Mumbai. The regulatory approval marks a significant milestone for the company's expansion in the Mumbai real estate market.

Project Details and Specifications

The Shraddha Paradise Enclave project is strategically located at Swapna Nagari, Nirmal Nagar-Agrawal Road, Village Mulund (West) Taluka-Kurla, in 'T' ward BMC, Mumbai 400080. The project involves the redevelopment of Himgiri CHS and represents a substantial addition to the company's portfolio.

Strategic Positioning and Market Impact

The project is positioned in Mulund West, a developing suburban hub known for its robust connectivity and growing residential demand. This location choice aligns with the company's strategy to capitalize on redevelopment opportunities in key Mumbai micro-markets.

Management Commentary

Commenting on the development, Mr. Sudhir Mehta, Managing Director of Shraddha Prime Projects Limited, expressed satisfaction with receiving the Commencement Certificate. He emphasized that the project aligns with the company's strategy to leverage burgeoning redevelopment opportunities in Mumbai while strengthening presence in major micro-markets.

Company Portfolio and Focus

Shraddha Prime Projects Limited operates as a Mumbai-based real estate developer with a diversified portfolio spanning multiple segments:

• Residential developments
• Slum rehabilitation (SRA) projects
• Redevelopment initiatives
• MHADA projects

The company caters to various market segments by offering housing solutions ranging from affordable homes to super-premium dwellings, maintaining focus on quality, inclusivity, and execution in the Mumbai real estate market.