Shriram Properties has uploaded the audio recording of its investor conference call to its website. The session was held on Thursday, August 13, 2026, to discuss the company's unaudited financial results for the quarter ended June 30, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audio file is accessible via a direct link on the company's investor relations page.

Transcript Availability

Shriram Properties stated that the transcript of the conference call will be shared with the stock exchanges in due course. It will also be uploaded on the company's website once finalized.

K Rama Swamy, Company Secretary and Compliance Officer, signed the disclosure. The company's registered office is located in Chennai, while its corporate office is in Bengaluru.

Shriram Properties reported total operating revenue of ₹271.1 crore for the quarter ended June 30, 2026, marking a 4% increase from ₹261.5 crore in the same period last year. Net profit stood at ₹11.0 crore, compared to ₹20.6 crore in Q1FY26. Profit before tax was ₹18.1 crore, marginally higher than ₹17.0 crore in Q1FY26. The company highlighted that margin pressure was primarily due to product mix rather than structural issues, with legacy Kolkata projects contributing approximately 40% of revenues.

Sales momentum remained robust, with the company achieving its highest-ever Q1 sales value of ₹484 crore, up 10% year-on-year. Sales volume reached 0.85 million square feet (msf), a 4% increase. Collections grew 8% to ₹365 crore, supported by sustained execution and healthy customer inflows. Handovers totaled 690 units, up 7% from the previous year.

Financial Performance

The company’s gross profit was ₹56.0 crore, reflecting a 25% gross profit margin. EBITDA remained flat at ₹41.9 crore compared to ₹41.6 crore in Q1FY26. Finance costs were stable at ₹21.2 crore, aided by the cessation of non-cash charges related to the Kolkata non-compete fee. Other income contributed ₹7.5 crore, while share of loss from joint ventures amounted to ₹3.9 crore.

Operational Highlights

Three new project launches drove operational momentum in Q1FY27. In Chennai, the premium residential project Shriram Stellar (codename King Life) saw ~20% of its inventory sold during the launch week. In Kolkata, SPL launched plots as Kolkata’s first Branded Land under the codename “Forest View”, which received an encouraging customer response. Additionally, Shriram Southbrook (codename By the Garden), a plotted development in Kolkata, achieved exceptional absorption with ~55% of inventory sold within 30 days. A phase launch of Shriram Green Meadows in Chennai also contributed to the pipeline.

The company added one new project with an estimated GDV potential of ₹650 crore, strengthening its development pipeline. Projects aggregating over 7 msf are progressing towards closure. Management indicated that Bengaluru and Pune approvals are on track for multiple launches in early H2FY27.

Cash Flow and Debt Profile

Operating cash flows improved significantly, with cash flow from operations reaching ₹54 crore, up from ₹24 crore in Q1FY26. Net free cash flow turned positive at ₹47 crore, compared to an outflow of ₹133 crore in the prior year. New project investments stood at ₹88 crore.

As on June 30, 2026, gross external debt was ₹651 crore against cash and cash equivalents of ₹219 crore, resulting in a net debt of ₹432 crore. The net debt-to-equity ratio remained healthy at 0.29x. The company maintains a CRISIL A- rating with a positive outlook.

FY27 Outlook

Management reaffirmed its FY27 guidance, targeting sales volume of 5.0-5.5 msf (20%-33% YoY growth) and sales value of ₹3,300-3,500 crore (40%-49% YoY growth). Collections are projected at ₹2,100-2,200 crore, with handovers expected to reach 3,750-3,800 units. The company aims to add 7.0-8.0 msf to its pipeline, with a GDV addition potential of ₹5,000-6,000 crore.

What the Numbers Show

While top-line growth moderated to 4% due to a high base in Q4FY26 and a skewed handover mix towards lower-ticket Kolkata units, the underlying demand remains strong as evidenced by the record Q1 sales value. The divergence between flat EBITDA and declining net profit highlights the impact of joint venture losses and tax expenses, rather than core operational inefficiencies. With margins expected to recover in H2FY27 from an improved handover mix, the company is positioned for accelerated revenue recognition in the latter half of the fiscal year.