Shriram Properties has reported a consolidated net profit of ₹101 crores for the financial year ended March 31, 2026, a 30% increase from the previous year. Revenue from operations for the year stood at ₹1,357 crores, a 39% year-on-year increase, marking an all-time high. The Board of Directors approved the audited financial statements at a meeting held on May 25, 2026.

Operational Highlights

The company achieved its highest-ever annual handovers, delivering 3,465 homes and plots in FY26. This included the handover of 1,348 units in Q4FY26 alone, which significantly aided revenue recognition. Sales bookings for the year reached ₹2,354 crores across 4.15 million square feet. Customer collections also reached a record high of ₹1,661 crores, growing 12% year-on-year. The company added 7 new projects during the year with an aggregate development potential of 3.5 million square feet and a Gross Development Value (GDV) of ₹3,500 crores.

FY26 Financial Performance

The company's financial performance for the full year shows robust growth across key metrics. Total income rose to ₹1,357 crores from ₹973.4 crores in the prior year. Net profit crossed the ₹100 crores mark for the first time. Gross margins remained stable at 29%, reflecting strong underlying project profitability. The company reported a net debt of ₹438 crores, resulting in a low debt-equity ratio of 0.30x.

Q4FY26 Highlights

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹79 crores, up 65% from ₹47.7 crores in the same period last year. Total revenues for Q4FY26 surged to ₹663 crores compared to ₹427.5 crores in Q4FY25. EBITDA for the quarter was ₹109 crores, a 59% increase year-on-year. The strong Q4 performance was driven by healthy handovers and a rebound in sales momentum across Bangalore, Kolkata, and Chennai.

Strategic Developments

During the year, the company successfully resolved long-pending Kolkata land matters with the Government of West Bengal through the conveyance of 42.37 acres of land. Additionally, Shriram Properties forayed into the Western India market with a maiden launch at Undri, Pune, selling over 300 units in less than a year. The Board also approved the acquisition of equity shares from partners in ongoing joint ventures.

FY27 Guidance

Based on current visibility, management expects FY27 performance to be stronger than FY26. The guidance includes sales volume of 5-5.5 million square feet, sales value of ₹3,300-3,500 crores, collections of ₹2,100-2,200 crores, and handovers of 3,750-3,800 units. The company plans to add 7-8 million square feet to its pipeline with a GDV addition of ₹5,000-6,000 crores.

Auditor's Report

M/s. Walker Chandiok & Co LLP, the Statutory Auditor, issued an audit report with an unmodified opinion on the Audited Financial Results (Standalone & Consolidated). The auditors included an 'Emphasis of Matter' paragraph regarding a search operation by the Enforcement Directorate at the company's business premises in October 2024, noting that no communication regarding findings has been received to date.

Shriram Properties has outlined an ambitious multi-year revenue roadmap, targeting over ₹4,000 crores within the next three years. As part of this phased growth strategy, the company has also set an interim milestone of ₹2,200 crores in revenue for FY27, signalling confidence in its project execution capabilities and business pipeline.

Revenue Targets at a Glance

The company's stated financial targets reflect a structured approach to scaling its operations over the medium term. The key revenue milestones are summarised below:

Growth Outlook

Shriram Properties' targets underscore the company's focus on sustained revenue growth over the coming years. The ₹2,200 crores target for FY27 serves as a near-term benchmark, while the broader ambition of surpassing ₹4,000 crores over a three-year horizon reflects the scale of the company's planned expansion. These figures represent the company's own stated expectations based on its current business outlook.