Shriram Properties Expresses Confidence in Achieving Medium-Term Goals
Shriram Properties, a leading real estate developer, has expressed optimism about its medium-term objectives and future prospects. The company reports significant progress towards its medium-term mission, projecting a strong outlook for the next three years. While specific details were not disclosed, the company's stance suggests effective execution of strategic plans and potential for sustained growth.
Shriram Properties announced impressive Q4 financial results, with revenue increasing by 35% to ₹407.70 crore and net profit more than doubling to ₹48.00 crore, a 137% year-on-year increase. The company's EBITDA margin improved from 3.14% to 11.95%. For the full fiscal year, net profit reached ₹77.30 crore with total revenue of ₹973.40 crore. The company also reduced its net debt by 26% to ₹326.00 crore and achieved record quarterly handovers of over 1,400 homes/plots.
23Apr 25
Sobha Puravankara Limited Acquires Premium Land in North Bengaluru for Luxury Development
Sobha Puravankara Limited (SPL) has acquired a prime land parcel in Yelahanka, North Bengaluru, for an exclusive residential project. The development will feature row-houses or villas, targeting the luxury segment. With a projected Gross Development Value exceeding ₹200 crores, the project capitalizes on Yelahanka's growing appeal due to its proximity to the international airport and improving infrastructure. This strategic move signals SPL's expansion plans and confidence in Bengaluru's premium real estate market.