Shriram Properties Ltd. · NSE:SHRIRAMPPS
Shriram Properties — Q3 FY2025 Earnings Presentation
29 slides from Shriram Properties's earnings presentation, Feb 12, 2025
Slide 1: Exchange filing cover letter: Investor Presentation
February 12, 2025 National Stock Exchange of India BSE Limited Limited Dept of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot C 1 – G Block Mumbai 400 001 Bandra-Kurla Complex, Bandra (E) Scrip Code : 543419 Mumbai 400 051 Scrip
Slide 2: Investor Presentation Q3 | 9M FY25 Results
Investor Presentation Q3 | 9M FY25 Results February 12, 2025 Artist’s impression of Shriram Serenity, Bangalore
Slide 3: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shriram
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shriram Properties Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 4: Shriram Properties: Building Trust, Creating Value
Shriram Properties: Building Trust, Creating Value Corporate Governance Built on core values of Trust – Transparency – Governance. Eminent Independent Board; Strong professional management team. Legacy & Experience Over 25 years of experience and proven track record Strong market presence and unwave
Slide 5: Q3 | 9M FY25 Overview
Q3 | 9M FY25 Overview 3 Artist’s impression of Shriram WYT Field, Whitefield, Bangalore
Slide 6: KPI Summary: Q3 | 9M FY25
KPI Summary : Q3 | 9M FY25 Sales Volume Sales Value Collection Handovers 22% QoQ 18% QoQ -4% QoQ 8% QoQ -19% YoY Q3 FY25 14% YoY 14% YoY 4% YoY 1.26 670 346 636 msf1 Crores Crores No's -1% YoY -2% YoY -2% YoY 9% YoY 9M FY25 2.99 1,615 1,030 1,758 msf1 Crores Crores No's ✓ Remarkable quarterly KPI tr
Slide 7: Yet Another Challenging Quarter, But Green Shoots Visible
Yet Another Challenging Quarter, But Green Shoots Visible… Suffered on external dependencies, for second consecutive quarter… • Continued approval delays & prolonged OC/CC process impacted performance, for 2 quarters in a row. • Industry-wide launches subdued; Supply shrinkage and not demand slowdow
Slide 8: SPL Performance in the Peer Context
SPL Performance in the Peer Context Q3 - QoQ Q3 - YoY 9M - YoY 22% QoQ 14% YoY Sales Volume -5% YoY -2% YoY -38% YoY -0% QoQ -2% QoQ -17% YoY -39% YoY SPL Peers Regional peers SPL Peers Regional peers SPL Peers Regional peers Q3 - QoQ Q3 - YoY 9M - YoY 17% QoQ 13% YoY 11% YoY Sales Value 4% QoQ -3%
Slide 9: Key Highlights: Q3 | 9M FY25
Key Highlights: Q3 | 9M FY25 Operational Performance Financial Performance • Strong sequential growth – Sales Volumes up 22% QoQ; • Satisfactory financial performance, despite deferred revenue Sales Values up 18% QoQ in Q3. recognition in key projects to Q4 • Driven by recent launches & sustenance s
Slide 10: New Project Launches – A Snapshot
New Project Launches – A Snapshot New Projects New Phases Recent launches continue to shine; New launch to gain momentum, with enhanced approval visibility now 8
Slide 11: FY25 Launch Update: Approval Delays, But Better Visibility Now
FY25 Launch Update : Approval Delays, But Better Visibility Now New Project Launches – YTD FY’25 New Phase Launches – YTD FY25 Project Dev. Launch Project details Region Area (msf) Project details Area (msf) type Model Quarter Shriram Serenity Bangalore Apartment JDA Q2 0.37 24 Karat 0.09 Shriram Sw
Slide 12: Pricing Trends: Stable Pricing; Augurs Well for Strong Demand
Pricing Trends: Stable Pricing; Augurs Well for Strong Demand Price Increase by Project – Top Projects only Avg. Portfolio Price increase Trends Increase Project Name Dev Type 9M FY’25 FY‘24 from FY24 Shriram WYT FIELD Apartment 7,042 6,143 15% 5% Avg Shriram WYT FIELD - II Apartment 6,847 5,956 15%
Slide 13: Financial Highlights: Q3 | 9M FY25
Financial Highlights : Q3 | 9M FY25 Artist’s impression of Shriram 122 West, Mangadu, Chennai 11
Slide 14: Financials Snapshot: Q3 | 9M FY25
Financials Snapshot: Q3 | 9MFY25 Revenues Gross Profit EBIDTA PAT Q3: ₹ 180 Crs. Q3: ₹ 89 Crs. Q3: ₹ 44 Crs. Q3: ₹ 13 Crs. 9M: ₹ 546 Crs. 9M: ₹ 246 Crs. 9M: ₹ 111 Crs. 9M: ₹ 30 Crs. Sequentially higher Healthy Gross Margin 24% 7% Revenues Quarterly contribution Q3 PAT Margin (%) Q3 EBIDTA Margin (%)
Slide 15: Financial Highlights: Profit & Loss – Q3 | 9M FY25
Financial Highlights : Profit & Loss – Q3 | 9M FY25 Particulars (INR Crs) Q3 FY25 Q3 FY24 YoY Q2FY25 QoQ 9M FY25 9M FY24 Income from operations 121.1 221.2 140.6 415.7 562.3 Other operating revenues* 51.3 15.0 9.7 114.1 52.3 Total operating revenues 172.4 236.2 -27% 150.3 15% 529.8 614.6 Other incom
Slide 16: Financial Highlights: Profit & Loss – Q3 | 9M FY25 (contd.)
Financial Highlights : Profit & Loss – Q3 | 9M FY25 (contd.) Q3 FY25 o Challenging quarter, witnessed continued external-led delays in revenue recognition. - Two projects with aggregate revenue recognition potential of Rs.500+ crores deferred to Q4. - Accordingly, handover/revenue recognition restri
Slide 17: Rs. 500+ crs of Revenue Recognition Deferred in Key Projects
Rs. 500+ crs of Revenue Recognition Deferred in 2 Key Projects Project SPL Area Sold Revenue Revenues Reason for delay Area (%) recognized deferred (msf) till Q3 to Q4 (Rs. (Rs. Crs) Crs) Pristine Estates 0.79 83% ~46 ~220 Part-release done; Final Release Order (Bangalore) could not come through in
Slide 18: Consolidated Cash Flows – Q3 | 9M FY25
Consolidated Cash Flows – Q3 | 9M FY25 (Excl. DM & JV cashflows) Amount in Rs. Crs Q3 FY25 Q2 FY25 Q1 FY25 9M FY25 FY24 Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM Operating Inflows 238 217 163 618 823 Construction (117) (88) (76) (281) (361) 1,391 Marketing & Admin Overheads (49) (48) (
Slide 19: Debt Profile: Well Managed Leverage Ratios & Cost of Debt
Debt Profile: Well Managed Leverage Ratios & Cost of Debt Debt Profile & Cost of Debt Trends - Consolidated ✓ SPL Net D-E drops to 0.31x – amongst lowest in the Particulars (Rs. in Crs.) Dec’24 Mar’24 Mar’23 Mar'22 industry Gross External Debt1 472 631 553 481 ✓ SPL Net Debt & Cost of Debt on declin
Slide 20: Outlook Q4 | FY25
Outlook Q4|FY25 Artist’s impression of Shriram Chirping Woods, Sarjapura, Bangalore 18
Slide 21: Revised Outlook Q4 | FY25
Q4 | FY25 Outlook Sales volume Sales value Collection Handovers 20% 27% 29% 17% YOY YOY YOY YOY FY25 Plan 5.2-5.5 2750-3000 1700-1800 3300-3500 msf Crs. Crs. No's Revised Outlook 4.6-4.8 2400-2700 1500-1600 3300+ msf Crs. Crs. No's _________________________ • YoY Growth % comparison on the higher en
Slide 22: FY25 Project Delivery: Targeting Ahead of RERA Timelines
FY25 Project Delivery: Targeting Ahead of RERA Timelines Projects Completed and Registration/Revenue Recognition Ongoing Project Name Area (msf) Type Ownership Total Units Handover RERA date Status 107 South East Phase I 0.45 Apt. JV 634 128 19-Jul-25 OC recd. Eden Phase II 0.25 Plots DM 158 158 31-
Slide 23: Project Pipeline Update
Project Pipeline Update Project Pipeline (msf)* Upcoming Projects GDV (Rs. Crs) Upcoming – 17 msf Ongoing – 21. msf 1.0 1.4 38.4 4.3 Ownership GDV 10.3 3.0 - Own 5,560 3.5 5.5 - JDA 3,250 9.4 - JV 580 Ongoing Ongoing Ongoing Ongoing Upcoming Upcoming Upcoming Upcoming Sub-Total - DM 280 Owned JDA JV
Slide 24: Promoter Holdings – An Update
Promoter Holdings – An Update • Mr. Murali acquires additional stake in HoldCo Shareholding Pattern – Dec’24 − SPL’s promoter holding is held through SPHPL (HoldCo)*, in turn owned by Mr. Institutions & Murali and SGEWT*. Corporate 31% Public, 41% − Promoters desirous of ownership change at HoldCo l
Slide 25: Thank You
Thank You Artist’s impression of Shriram Blue, KR Puram, Bangalore 23
Slide 26: Annexures
Annexures 24
Slide 27: Annexure-1: Projects Snapshot by Development Models
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 Completed Completed Completed ✓ 7 projects ✓ 25 projects ✓ 6 projects ✓
Slide 28: Annexure-2: Consolidated Cash Flows – With and Without JV Cashflows
Annexure-2: Consolidated Cash Flows – With and Without JV Cashflows Particulars SPL Consolidated (CFS) SPL Enterprise (100%)1 (Excl DM) Amount in Rs. Crs 9MFY25 FY24 9MFY25 FY24 Collections 580 699 858 1,232 DM Income 37 123 36 121 Other Inflows 1 1 1 1 Operating Inflow 618 823 895 1,354 Constructio
Slide 29: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : http://www.sgapl.net/images/sgapl_logo.jpg Shriram Properties Limited Strategic Growth Advisors Pvt. Ltd. CIN – L72200TN2000PLC044560 CIN - U74140MH2010PTC204285 Mr.. Shrikanth D S, AGM – Finance Mr.. Rahul Agarwal / Ms