Shriram Properties Q4 net profit jumps over 2x to ₹48 crore on higher revenue
Team Finance Saathi
27/May/2025

What's covered under the Article:
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Shriram Properties reported ₹48 crore Q4FY25 profit, up over 2x from ₹20.2 crore YoY, driven by higher revenues and better margins.
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The company posted record quarterly handovers of over 1,400 homes with strong sales in Bangalore and Chennai projects.
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Full-year FY25 profit reached ₹77.3 crore while net debt reduced by 26%, boosting its debt-equity to 0.24x.
Shriram Properties Limited, a Bengaluru-headquartered real estate developer focused on mid-market and affordable housing, has delivered a robust financial performance in the fourth quarter of FY25, riding high on strong demand in the residential segment, especially across South India.
Q4FY25 Financial Highlights
The company reported a more than two-fold jump in its net profit to ₹48 crore, compared to ₹20.2 crore in the corresponding quarter last year. This sharp rise was driven by strong revenue growth, improved margins, and timely completion of key residential projects.
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Revenue from operations surged by 35% year-on-year, reaching ₹407.7 crore in Q4FY25, up from ₹302 crore in Q4FY24.
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EBITDA shot up to ₹48.73 crore, a significant rise from ₹9.5 crore in the year-ago quarter.
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EBITDA margin improved sharply to 11.95%, compared to a low 3.14% last year, signaling efficient cost control and operational discipline.
This jump in margins and profitability reflects the company’s ability to deliver high volumes and optimize project execution, even amid regulatory and economic headwinds.
Operational Success: Record Handover of Homes
One of the key highlights of the quarter was record handovers of over 1,400 homes/plots, marking the highest-ever in a single quarter for Shriram Properties.
This milestone was powered by the successful completion and delivery of major projects, including:
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Shriram Pristine Estate in Bangalore
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Shriram Park 63 in Chennai
Both projects fall under the mid and mid-premium housing segments, which continue to witness high demand, especially among urban homebuyers seeking affordable yet quality living.
FY25 Annual Performance
For the full year ended March 31, 2025, Shriram Properties reported its highest-ever annual net profit of ₹77.3 crore, marginally higher than ₹75.4 crore in FY24, despite challenges faced in the second and third quarters due to delays in obtaining occupancy certificates (OCs).
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Total revenue for FY25 stood at ₹973.4 crore, remaining nearly flat due to these OC delays.
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Net debt was reduced by 26%, bringing it down to ₹326 crore from higher levels last year.
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The debt-equity ratio improved to 0.24x, making it one of the lowest in the real estate sector, reflecting the company’s strong balance sheet and conservative financial management approach.
This reduction in debt highlights Shriram Properties’ disciplined capital allocation strategy and improved cash flow management throughout the year.
Sales and Collections Growth
On the operational side, the company reported healthy numbers:
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Sales volumes stood at 4.3 million sq. ft. for the entire FY25, with a total sales value of ₹2,284 crore.
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Q4FY25 sales volumes were stable at 1.32 million sq. ft., indicating consistent performance.
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Customer collections reached a record ₹1,484 crore, up 7% year-on-year, helping the company maintain a strong liquidity position.
These numbers demonstrate healthy project execution, strong market demand, and efficient sales-to-collection conversion rates.
Business Outlook for FY26
Looking ahead, Shriram Properties is optimistic about FY26, supported by the following growth drivers:
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85% of inventory in ongoing projects has already been sold, providing strong visibility for revenue recognition in coming quarters.
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Execution momentum is improving, with multiple new project phases in the pipeline.
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The company sees robust housing demand continuing in the mid and mid-premium housing categories, particularly in South India, where it has a dominant presence.
The developer aims to leverage this demand by launching new projects, accelerating handovers, and enhancing operational efficiency. With a healthy launch pipeline and sufficient liquidity, the company is well-positioned to scale its operations further in FY26.
Stock Market Reaction
Following the announcement of the strong quarterly results, shares of Shriram Properties surged by 12% on the BSE, trading at ₹94.84. This price movement reflects investor confidence in the company’s consistent performance, improving fundamentals, and positive outlook.
The stock has witnessed strong interest from investors, especially after the company delivered steady profits, reduced debt, and continued with on-time project deliveries—an impressive feat in a sector often marred by delays and financial stress.
Conclusion
Shriram Properties' Q4FY25 results mark a significant milestone in its journey of becoming a leading player in the South Indian real estate market. From delivering record homes and reducing debt to maintaining profitability despite external challenges, the company has set a strong precedent for future growth.
Its focus on execution efficiency, customer-centricity, and financial prudence continues to distinguish it in the competitive real estate space. The coming year promises stronger launches, sustained collections, and higher earnings visibility, making Shriram Properties a stock to watch in India’s real estate sector.
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