Shriram Properties Limited has informed the Exchange about Investor Presentation
August 12, 2025
National Stock Exchange of India Limited The Listing Department Exchange Plaza, 5th Floor Plot C 1 – G Block Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Scrip Code: SHRIRAMPPS
BSE Limited Dept of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001 Scrip Code: 543419
Dear Sir/Madam,
Sub: Investor Presentation
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation on the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2025.
We request you to take the above information on record.
Thanking you Regards
For Shriram Properties Limited
K. Ramaswamy Company Secretary & Compliance Officer ACS 28580
Encl: a/a
Shriram Properties Limited ‘Shriram House’, No. 31, T Chowdaiah Road, Sadashivanagar, Bengaluru - 560 080
Registered office: Lakshmi Neela Rite Choice Centre, 1 Floor, #9, Bazulla Road, T. Nagar, Chennai – 600 017
P: +91-80-40229999 | F: +91-80-41236222 | W: www.shriramproperties.com
CIN No. : L72200TN2000PLC044560 Email: cs.spl@shriramproperties.com
Investor Presentation Q1 | FY26 Results
Artist’s impression of Shriram Spectrum, Pune
August 12, 2025
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shriram Properties Limited (the “Company” or “SPL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information/data, which the Company considers reliable, but makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the real estate sector in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward- looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
1
Q1 |FY26 Overview
Artist’s impression of Shriram Sapphire,, Bangalore
2
Q1 Momentum Propels, FY26 set on Positive Trajectory
Strong market under-current; Promising prospects for Mid-market segment(s)
• End-user driven demand in our core markets strong and resilient; Mid-segments continue to do well. • Customer decision-making expedited with shorter turnaround time seen during Q1FY26. • Bangalore continues to perform strong; Chennai momentum revival seen during Q1FY26. • Global uncertainties warrant a cautious watch, but are unlikely to impact end use driven demand.
SPL Pune Entry - strong debut makes a mark in the local market
• Successful new market entry, an initiative after few years at SPL and reaffirms our brand strength. • Our maiden project in Pune received exceptional response during launch, creating a strong buzz in Q1. • Pune promising to be our next growth avenue. • Early success, now paving the way for accelerated pipeline addition in the coming quarters.
New launch momentum & Pipeline visibility encouraging
• Launch momentum stronger, with enhanced visibility of launch pipeline. • Pune launched; Bangalore launch done in early Jul’25, receiving tremendous response. • Approval related headwinds largely behind; Developers adapting to new normal. • Kolkata launch approvals in place, Kolkata gearing for new launches during Q2.
Strong momentum in building BD pipeline; Accelerated efforts delivering results
• Continued strong thrust on pipeline additions, with several deals nearing closure. • One new project added in B’lore during Q1; Approval process underway towards launch in FY26 itself. • New projects with ~3 msf potential expected to materialize in Q2/Q3. • Focused on doubling the project pipeline, with 20+ msf of opportunities under active evaluation.
3
KPI Snapshot : Q1 FY26
I P K 1 Q
L & P 1 Q
17% YOY
17% YOY
5% YOY
38% YOY
0.82 msf
441 ₹ Crores
338 ₹ Crores
740# Units
Sales Volume
Sales Value
Collections
Handovers
Revenues ₹ 262Crs.
Gross Profit ₹ 82Crs.
EBIDTA# ₹ 47Crs.
PAT ₹ 21Crs.
• New fiscal commenced on a strong note, both operationally and financially.
•
•
Sales momentum strong, in both ongoing & new launches; renewed strength in Chennai markets helped further.
2 launches done successfully - Pune in May’25 and Bangalore post Q1 cut-off.
Continued revenue recognition momentum, with strong operating profits and record Q1 PAT.
• ___________ Notes: 1 msf = Million Square Feet / # (EBIDTA includes Share of JV profit & JV accounted for 46% of Handovers in Q1FY26)
4
Key Highlights: Q1FY26
Operational Performance
Financial Performance
• Highest ever Q1 sales driven by ongoing projects & healthy
• Robust revenue recognition momentum continued from Q4.
contribution from Pune.
• Q1 Sales Volume at 0.82 msf; Sales Value at ~441 Crs, both
up 17% YoY.
• Highest ever Collection at Rs. 338 Crs in Q1; To gain further momentum with planned handovers and targeted new launches during Q2 and H2 FY26.
• Q1 Revenues up 24% YoY to Rs. 262 Crs.
• Gross margins at 34%; Gross Profit at 82 Crs - up 70% YoY.
• PAT at a new Q1 high of Rs. 21 Crs - up 18% YoY.
• Strong operating cashflows.
• Rs.77 Crs utilized towards debt repayments.
• Accelerated Construction momentum during Q1, to drive
• Rs.75 Crs. utilized towards new projects in Q1.
project completions and milestone collections during FY26.
• Rs.24 Crs unlocked from operations during Q1.
Project Execution
Business Development & Project Pipeline
• One (1) project with 0.5+ msf received OC during Q1.
• BD pipeline shaping up well, meeting expectations.
• Highest ever Q1 handover of 740+ units in Q1FY26.
• 1 project in B’lore (GDV of Rs.200 crs) added during Q1,
• Majority of Q1 handovers in JV/DM projects (~50%);
Impact thus reflected in JV profit share.
•
Increased construction spend fuelling faster execution & delivery ahead of committed timelines.
under plan approval already towards H2 launch.
• 6 projects with ~3 msf potential (incl. Pune) at advanced
stage of diligence/documentation; Closure likely in Q2/Q3.
• 5 projects with 3+ msf potential at commercial closure.
• All projects planned for handover during FY26, on track of
• Projects with 20+ msf potential under various stage of
on-time / ahead-of-RERA timelines.
evaluation, across core markets.
________________ Note: Data presented herein reflects aggregate for the Company, covering all projects under all development formats viz., Own, JV/JDA and DM;
5
FY26 Launches: Q1 Success and Q2 Preparedness
Q1 Launches
Project details The Spectrum Total
Region Pune
Product Apartment
Type New Launch
Q2 Launches Outlook Project details
Region
Shriram Songs of the Earth Bangalore
Shriram Springfield Kolkata Villas/Commercial Total
Kolkata Kolkata
Product Apartment Apartment Villas/Com.
Type New Launch New Phase New Launch
Area (msf) 0.9 0.9
Area (msf) 0.5 0.3 0.5 1.3
Q2 launches set the stage for a sharp uplift in sales momentum
6
Spectacular Start in Pune: “Code Name: Superstar” Launch Moments
With its maiden launch success, SPL is set to strengthen its foothold in Pune with accelerated pipeline addition
7
Unveiling “Codename: The One” at Bangalore (July’25)
Tremendous Pre launch response in Q1; Translated to strong bookings in Q2
8
FY26 Project Completion –Ahead of Schedule, Mostly
Projects at OC/CC stage during Q1
Project Name
Area (msf)
Type
Ownership
Total Units
Status
Park 63 2B Total Projects scheduled for OC/CC during Q2
0.5 0.5
Apartment
Own
316 316
Handovers commenced
Project Name
Shriram Mystique Shriram Solitaire Total
Area (msf) 0.2 0.3 0.5
Type Apartment Apartment
Ownership JDA JDA
Total Units 152 264 416
Status Received in Q2 Fire NOC received, OC awaited
Handovers / Revenue momentum set to strengthen in the coming quarters, with scheduled OC/CC in projects
9
Project Pipeline & Business Development Overview
Project Pipeline (msf)
Upcoming – 17 msf
Ongoing – 19 msf
Upcoming Projects 17 msf GDV
Ownership
Rs. Crs.
3.4
1.0
2.7
35.8
9.8
1.8
3.5
5.9
7.7
Ongoing Owned
Ongoing JDA
Ongoing JV
Ongoing DM
Upcoming Owned
Upcoming JDA
Upcoming JV
Upcoming DM
Sub-Total
#
8
7
3
4
8
6
1
2
39
BD Momentum Snapshot
3+ msf
Closure stage
3+ msf
Advanced stage
20+ msf Under active evaluation
- Own
- JDA
- JV
- DM
Total GDV – Upcoming Projects
5,270
2,640
580
1130
9,620
✓ 1 Project with GDV potential of Rs. 200+ Crs added and channelized to approval process for Q4 launch.
✓ Pune Pipeline addition gaining momentum.
✓ 7 Projects with 3+ msf potential reaching finish line, likely closure in upcoming months to build a strong pipeline.
✓ 3+ msf commercial closed, DD at an advanced stage.
✓ 20+ msf under various stages of evaluation to
enhance our objective of doubling our upcoming project pipeline objective during the year.
Targeting to nearly double upcoming project pipeline in 18-24 months
10
Honors & Accolades
Real Estate Developer of the Year - Shriram Properties Times Business Awards 2025
Excellence in Mid Segment Housing Development - The Poem by Shriram Properties Times Business Awards 2025
Iconic Residential Project of the Year - Codename Superstar by Shriram Properties Times Power Brands Pune 2025
ET Brand Equity Shark Awards - Shriram Properties for #SPLNxT Campaign 7th ET Shark Awards 2025
Real Estate Developer of the Year, Residential - Shriram Properties ET Business Awards 2025 for Business Excellence
11
Financial Highlights : Q1 | FY26
Artist’s impression of Shriram Esquire, Bangalore
12
Financial Highlights : Profit & Loss – Q1 | FY26
Particulars (Rs Crs)
Income from Operations
Other Operating Revenues*
Total Operating revenues
Other Income
Total Revenues
Cost of Revenue
Employee Benefit Expense
Other Expenses
Total expenses
Q1 FY26 Q1 FY25 154.0
242.3
YoY
57%
Q4 FY25 407.7
FY25 823.4
12.4
254.7
6.8
261.5
160.7
25.0
34.2
53.1
207.1
3.8
210.9
106.0
23.0
28.3
23%
24%
52%
11.6
419.3
8.2
427.5
290.7
22.7
45.5
219.9
157.3
40%
358.9
EBITDA before share of JV Profit/(loss)
41.6
53.6
Add: Share of profit/(loss) of JVs
EBITDA with Share of JV Profit/(Loss)
Finance costs - Interest expense & other finance cost - Unwinding Impact (non-cash / GoWB Royalty)
Depreciation
Profit Before Tax
Tax expense
-18%
-16%
4.9
46.5
22.3 20.8 1.5
2.3
21.9
1.3
3.1
56.7
26.7 22.8 3.9
2.7
27.3
9.8
68.6
20.6
89.2
24.2 20.0 4.2
2.4
62.6
14.9
125.8
949.2
24.2
973.4
574.9
92.5
126.7
794.1
179.3
23.5
202.8
104.6 88.2 16.4
10.3
87.9
10.6
✓ Operating Income +57% YoY
✓ Total Revenues up +24% YoY
✓ Rs. 81.6 Crs. Gross Profit -
up +70% YoY
✓ 34% Gross Profit Margin
✓ EBITDA at Rs. 46.5 Crs
✓ Finance cost lower -16% YoY
✓ Interest Exp down -10% YoY
✓ Rs. 20.6 Crs. Net Profit -
up 18% YoY
Net Profit _________________ *Other Operating Revenues include impact of ASK exit from Shriram Pristine Estates, fair value gains in Project JVs and monetization of development rights etc.
77.3
47.7
20.6
17.5
18%
Q1 P&L trends remain strong on a YoY basis; Strong momentum continues from Q4
With new projects reaching OC stage, revenue and profitability momentum are set to stay robust
13
Financial Highlights : Profit & Loss - Q1 FY26
o Revenue from operations recorded satisfactory growth, supported by strong handover momentum
continuing from Q4 FY25. Impressive considering traditionally lean season for the sector.
o Current revenues driven by handovers in recently completed projects — Park 63, Pristine Estates,
Liberty Square, and Grand One.
o Operating margins remain healthy - Gross Profit of Rs. 82 Crs (+70% YoY) and EBITDA of Rs. 47 Crs.
Gross margins and EBIDTA margins at 34% and 18% respectively.
o EBITDA growth muted due to higher other operating income in Q1FY25 (due to monetization gain on
reacquisition of economic interest of ASK in Pristine Estates plotted development JV).
o Share of JV profit of Rs. 5 Crs in Q1 FY26. Reflect continued strong handovers in recently completed JV
projects that accounted for 46% of total handovers in Q1.
o Finance costs continued their YoY and QoQ decline, reflecting lower interest expenses and reduced
non-cash charges related to 4% non-compete fees in Kolkata.
o Other expenses slightly higher due to new project launch expenses.
o Healthy Net Profit of Rs. 21 Crs. Reflecting growth of 18% YoY.
14
Consolidated Cash Flows – Q1 | FY26 (Excl. DM & JV cashflows)
Amount in Rs. Crs
Operating Inflows
Construction
Marketing & Admin Overheads
Other Operating outflows
Operating Outflows
Cash Flow from Operations
Loan Drawls
Loan Repayment
Net flow from Borrowings
Interest expense, net
Other financing cashflows
Cash Flow from Financing
FCF Before New Project Inv.
Less: New Project Investment
Net Free Cash flow
Opening Cash & Cash Equiv.
Closing Cash & Cash Equiv.
Q1 FY26
Q1 FY25
FY25
Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM
221
(111)
(53)
(33)
(197)
24
20
(97)
(77)
(15)
10
(82)
(58)
(75)
(133)
320
187
163
(76)
(42)
(15)
(133)
30
28
(55)
(27)
(15)
(6)
(48)
(18)
(44)
(62)
190
128
983
(422)
(197)
(59)
(678)
305
450
(432)
18
(59)
9
(32)
273
(143)
130
190
320
1,484
236
342
907
338
35
82
221
321
65
96
159
Q1FY26
Q1 FY25
FY25
✓ Operating inflows improved YoY.
✓ Handover
led collections operating inflows in upcoming quarters.
to
improve
✓ Operating inflows deployed on Construction
to fuel project completion momentum.
✓ Rs. 77Crs utilized for debt repayment
✓ New project investment of Rs. 75 Crs during
Q1 FY26.
Deployment of cashflows into project is set to drive strong milestone collections in the coming quarters
15
Debt Profile: Healthy Gearing with Competitive Cost
Debt Profile & Cost of Debt Trends - Consolidated
Particulars (Rs. in Crs.)
June’25
Mar’25
Mar’24
Mar’23
Gross External Debt1
C & CE
Net Debt
567
187
380
646
320
326
631
190
441
553
120
433
Total Equity
1,377
1,356
1,277
1,200
Net debt/Equity
0.28
0.24
0.35
0.36
✓ Gross Debt lower by Rs.79 Crs; Net debt at Rs.380 crs
✓ Debt-Equity remains healthy at 0.28x
✓ Cost of Debt stood 11.3% and remains competitive
✓ Debt mainly on construction funding.
✓ Declining interest rate environment to help reduce cost of
debt further in the coming quarters.
✓ Backed by A- Positive outlook credit rating from CRISIL
Gross and Net Debt (Rs. in Crs)
Net Debt - Equity
631
646
553
433
441
567
0.36
0.35
380
326
Cost of Debt (%)
0.28
11.9%
0.24
11.6%
11.3%
11.3%
Mar'23
Mar'24
Mar'25
June'25
Mar'23
Mar'24
Mar'25
June'25
Mar'23
Mar'24
Mar'25
Jun'25
Gross Debt
Net Debt
Cost of Debt
Healthy Balance Sheet, Ample Funding Headroom, Maximum Growth Potential
_____________________________________________________________________________________ 1 As per consolidated financial statements excluding inter-company debt from JVs
16
Outlook |FY26
Shot on location - Shriram Greenfield, Bangalore
17
Mission 1-2-3-4 (FY28): On a Right Path; Confident of Delivery
Ongoing Project Status – In Area (msf)*
19.0 msf Launched & Ongoing
15.1 msf Sold
8.3 msf Revenue Already Recognised
6.8 msf Revenue Pending Recognition
3.8 msf Unsold
3.8 msf To be sold & Revenue be recognised
Revenue recognition Potential 10.6 msf (5,200+ Crs) Own/JDA: 6.5 msf (Rs.3,400 crs+) JV: 3.0 msf (Rs.1,600 crs+)
___________ * Updated from earlier presented for actuals as on 30th June 2025
•
•
•
s s e c c u S n o i s s i
M o t y e K s i
n o i t i d d A e n
i l
e p P
i
FY28 Mission Target
Sales Value:
Rs. ~5,000 crs
Revenues:
Rs. 2,500 - 3,000 crs
Earnings (PBT): Rs. 250 - 280 crs
~20 msf
3 years cumulative sales volume required to achieve the mission
~30-35 msf
~20.8 msf (3.8+17)
~15-20 msf
~30+ projects under evaluation
Pipeline required to achieve the target
Pipeline available (Ongoing Unsold+ Pipeline Live)
Pipeline addition to be done in next 12 to 18 months to achieve the mission
• ~3 msf nearing finish line
• 3+ msf at advanced stage of
diligence
• Additional 20+ msf under
active evaluation
18
FY26 Outlook Guidance
Sales Volume
Sales Value
Collections
Handovers
28% YOY
44% YOY
35% YOY
14% YOY
5.2-5.5 msf
3000-3300 Rs. Crores
1800-2000 Rs. Crores
3300-3600 Units
Completion
Project Delivery
Pipeline addition
GDV Addition
8-10 Projects
3.5-4.0 msf
7.0-8.0 msf
4500-5000 Rs. Crores
Strategic Objectives:
• Growth Momentum: Target 20%+ CAGR in sales over next 3 years
• Sustaining Profitability: Strong earnings growth momentum with improving profitability and returns
• Strong Operating Platform: Reinforced S&M team; Strong launch pipeline demonstrated execution & handover capabilities
• Strong momentum in Pune : Capitalize on early success and create healthy pipeline and sales momentum in Pune
19
Thank You
Artist’s impression of Shriram Serenity, Bangalore
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Annexures
21
Annexure-1: Projects Snapshot by Development Models
Own Developments
Joint Developments
Joint Ventures
Development Management
Execution Track Record
Execution Track Record
Execution Track Record
Execution Track Record
Completed ✓ 8 projects ✓ 6.2 msf.
Ongoing Projects ✓ 8 Projects ✓ 7.7 msf.
Upcoming Projects ✓ 8 Projects ✓ 9.8 msf.
Completed ✓ 24 projects ✓ 12.2 msf.
Ongoing Projects ✓ 7 Projects ✓ 5.9 msf.
Upcoming Projects ✓ 6 Projects ✓ 3.4 msf.
Completed ✓ 4 projects ✓ 3.8 msf.
Ongoing Projects ✓ 3 Projects ✓ 3.5 msf.
Upcoming Projects ✓ 1 Project ✓ 1.0 msf.
Completed ✓ 12 projects ✓ 6.1 msf.
Ongoing Projects ✓ 4 Projects ✓ 1.8 msf.
Upcoming Projects ✓ 2 Project ✓ 2.7 msf.
22
Annexure-2: Consolidated Cash Flows – With and Without JV Cashflows
Particulars
Amount in Rs. Crs
Collections DM Income Other Inflows Operating Inflow
Construction
Mktg. & Admin Overheads
Other Operating outflows
Operating Outflow
Cash flow from Operations Loan Drawls
Loan Repayment
Net flow from Borrowings Interest expense, net Other financing cashflows
Cash flow from Financing
FCF before New Project Inv.
Less: New Project Inv.
Net Free Cash flow
Opening Cash & Cash Equiv. Closing Cash & Cash Equiv.
SPL Consolidated (CFS)
SPL Enterprise (100%)1 (Excl DM)
Q1 FY26
FY25
Q1 FY26
FY25
217 4 0 221
(111)
(53)
(33)
(197)
24 20
(97)
(77) (15) 10
(82)
(58)
(75)
(133)
320 187
858 41 84 983
(422)
(197)
(59)
(678)
305 450
(432)
18 (59) 9
(32)
273
(143)
130
190 320
295 4 0 299
(143)
(57)
(36)
(236)
63 26
(113)
(87) (22) (16)
(125)
(62)
(79)
(141)
389 248
1,210 41 84 1,335
(581)
(224)
(67)
(872)
463 643
(702)
(59) (114) 12
(161)
302
(167)
135
254 389
_________________ 1 Enterprise Cashflows include SPL CFS Cashflows plus 100% share of JVs. Excludes DM project cashflows
23
Annexure-3: RE Sector & Mid Market demand dynamics
Categories driving residential Sales during Q1 FY26 (QoQ Trends)
Rs. 50 lacs to Rs. 1.0 Crore ticket size
Rs. 1.0 Cr to 3.0 Crore ticket size
31%
Share in Q1 FY26
24%
Share in Q4 FY25
27% Share in Q1 FY26
25% Share in Q4 FY25
Nearly 58% of Q1FY26 absorption pan-India in the mid-market / mid- premium categories
PAN India trends QoQ
PAN India trends Q1 FY26 vs Q4FY25 (No. Units in lacs)
Core Market Launch trends (No. Units in lacs)
1.00
0.99
0.96
0.15
0.17
0.14
0.21
0.93
Core Market Absorption trends (No. Units in lacs)
0.15
0.15
0.15
0.16
0.09
0.05
0.05
0.03
0.06
0.04
0.04
0.04
Launches
Sales
Bangalore
Pune
Chennai
Kolkata
Bangalore
Pune
Chennai
Kolkata
Q1FY26
Q4FY25
Q1FY26
Q4FY25
Q1FY26
Q4FY25
Segment wise Launch Trends during Q1 FY26
❑ Mid and Mid Premium Segments poised for steady growth in upcoming quarters. ❑ Balanced supplies and improving customer sentiment, sector poised for growth. ❑ Pricing moderation & interest cut improving affordability & faster decision making.
________________ * Source: CBRE, Anarock, Knight Frank research reports.
24
For further information, please contact:
Company :
Investor Relations Advisors :
http://www.sgapl.net/images/sgapl_logo.jpg
Shriram Properties Limited CIN – L72200TN2000PLC044560
Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285
Mr.. Shrikanth D S, AGM – Finance Email Id – ir.spl@shriramproperties.com
www.shriramproperties.com
Mr.. Rahul Agarwal / Ms. Brinkle Shah Jariwala rahul.agarwal@sgapl.net / brinkle.shah@sgapl.net +91 98214 38864 / +91 96193 85544 www.sgapl.net
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