Shriram Properties Reports 151% Jump in Q2 Net Profit, Accelerates Kolkata Land Monetization
Bengaluru, November 13, 2026: Shriram Properties Limited (SPL) reported a 151% year-on-year increase in net profit to Rs 21.6 crores for the second quarter ended September 30, 2026 (Q2 FY27), compared to Rs 8.6 crores in the corresponding quarter last year, according to a company press release. Total revenues for the quarter rose 19% year-on-year to Rs 272.3 crores, while EBITDA grew 235% to Rs 62.4 crores, driven by project handovers in Kolkata and Chennai.
For the first half of the fiscal year (H1 FY27), the company recorded total revenues of Rs 543.3 crores, up 11% year-on-year, and a net profit of Rs 32.6 crores, representing a 12% increase. Operational sales reached Rs 583 crores in Q2 and crossed Rs 1,067 crores in H1 FY27, while gross collections hit a first-half record of Rs 795 crores. SPL handed over 760 units during the quarter and plans to deliver an additional 2,300 units over the remainder of the fiscal year.
During the quarter, SPL acquired its partners’ stakes in five joint ventures, converting projects such as Shriram 107 South East, Shriram WYT Field, and Shriram 122 West into wholly owned subsidiaries. While this consolidation increased net debt to Rs 761 crores and raised finance costs to Rs 31.6 crores, the company maintained a net debt-to-equity ratio of 0.5x and expects debt levels to normalize within 12 to 18 months.
In Kolkata, the company sold over 70% of its newly launched Shriram Southbrook plotted development within 90 days. SPL plans to leverage this demand to unlock value from its remaining 105-acre Kolkata land bank over the next three to five years, alongside finalizing new projects totaling 9 million square feet across Bengaluru, Chennai, and Pune.
Commenting on the performance, Murali M, CMD of Shriram Properties, said, “Q2 FY27 was a strong quarter, marked by a solid recovery and sustained earnings momentum. A robust launch pipeline and accelerated H2 handovers give us confidence in the growth ahead. We will drive development-led monetization in Kolkata, accelerate launches across our core markets, and explore entry into newer markets to create lasting value for our stakeholders.”
