Shriram Properties Ltd. · NSE:SHRIRAMPPS
Shriram Properties — Q3 FY26 Earnings Presentation
32 slides from Shriram Properties's earnings presentation, Feb 14, 2026
Slide 1: Cover letter to stock exchanges
February 14, 2026 National Stock Exchange of India Limited BSE Limited The Listing Department Dept of Corporate Services Exchange Plaza, 5th Floor Plot C 1 – G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai 400 051 Mumbai 400 001 Scrip Code: SHRIRAMPPS Scr
Slide 2: Investor Presentation Q3 | 9M FY26 Results
Investor Presentation Q3 | 9M FY26 Results Artist’s impression of Shriram Skybloom Villas, Kolkata February 14, 2026
Slide 3: Disclaimer
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 secur
Slide 4: Shriram Properties Overview
Shriram Properties Overview Legacy of Proven Delivery Customers at the Unblemished Credit Leadership Excellence Heart Reputation 25+ Years of Trust & 50 Projects Completed 32,000+ Happy Customers Debt Equity of 0.3x Excellence 30+ msf Delivered 23% Referrals Volume CRISIL A- (Positive) Rated Strong
Slide 5: Q3|9M FY26 Overview
Q3|9M FY26 Overview 3 Artist’s impression of Shriram Songs of the Earth, Bangalore
Slide 6: Q3FY26 – Landmark Quarter Strategically
Q3FY26 – Landmark Quarter Strategically • Kolkata land issues resolved amicably • Disputed royalty payment obligations (Rs.259cr liability) settled with no cash outflow • Prolonged, persistent efforts with GoWB, eventually yielded positive results • No cash outflow and conveyance of 42.37acres of la
Slide 7: Q3 Operational Performance: Stabilization Achieved, Recovery Underway
Q3 Operational Performance: Stabilization Achieved, Recovery Underway Core Operations – Benefited from Improved Operating Environment but Strong Recovery Still Underway • Enhanced external visibility: OC issues resolved, system yet to stabilize on e-Khata/Cauvery2.0 issues in Bangalore • Market rema
Slide 8: Current Status of Deferred OC / e-Khata & Q4 Revenue Outlook
Current Status of Deferred OC / e-Khata from H1|Q2 & Q4 Revenue Outlook Completed Projects Impacted by continued unpredictability of e-Khata for Handovers 4 Projects, 380+ Units 350+ Crs Revenue recognition deferred to Q4 due to e-Khata in completed Projects *Hebbal1 project considered as single uni
Slide 9: 9M FY26 Cashflow Summary Snapshot
Healthy Cashflow generation from operations & acceleration spends for growth 9M FY26 Cashflow Summary Snapshot 3,175 Crs Operating Inflows generated ₹ 787Crs. ₹ 193Crs. ₹ 246Crs. during FY23 to 9M FY26* Operating Inflows Cashflow from Operations New Project Investments ⏶+27% YoY ⏶+23% YoY ⏶+110% YoY
Slide 10: Core Business operations at its best during 9M FY26
Core Business operations at its best during 9M FY26 Healthy performance trends across key operational metrics Collection (Rs. Crs) 9M trends Construction (Rs. Crs) 9M trends Handover (#Units) 9M trends Project completion (msf) 9M trends 2,117 2.1 1,150 477 1,758 1,055 417 1,030 406 1,619 1.9 1.8 9M
Slide 11: Q3|9M FY26 Highlights
Q3|9M FY26 Highlights 9 Artist’s impression of Shriram Sapphire, Bangalore
Slide 12: KPI Snapshot: Q3|9M FY26
KPI Snapshot : Q3|9M FY26 5% YoY -4% YoY 12% YoY 20% YoY 9M FY26 1,691 2.86 1,150 2117# ₹ Crores msf ₹ Crores Units Sales Value Sales Volume Collections Handovers Q3 FY26 565 0.90 424 613# ₹ Crores msf ₹ Crores Units Sales Value Sales Volume Collections Handovers • Q3 Sales performance driven by sus
Slide 13: Financial Performance Snapshot: 9M FY26
Financial Performance Snapshot : 9M FY26 27% 40% 27% 25% YoY YoY YoY YoY 9M P&L Revenues Gross Profit EBIDTA# PAT ₹ 694Crs. ₹ 184Crs. ₹ 83Crs. ₹ 22Crs. Q3 P&L Revenues Gross Profit EBIDTA# PAT ₹ 204Crs. ₹ 41Crs. ₹ 13Crs. ₹ -7Crs. • Deferred revenue recognition (moved to Q4) impacted quarter and 9M R
Slide 14: Performance Highlights: Q3|9M FY26
Performance Highlights: Q3|9M FY26 Operational Highlights Financial Highlights BD Highlights • Q3 Sales moderated due to limited • Absolute earnings muted • Accelerated pipeline addition efforts paying- launches. Healthy contribution from 2 key • 9M Total Revenues up 27% YoY to Rs.694 Crs off, meeti
Slide 15: Business Development Highlights
Business Development Highlights Bangalore North Bangalore North Hinjewadi (Pune) Bangalore North Bangalore South Sarjapura • Product: Villas • Product: Apartment • Product: Apartment • Product: Row Houses • Product: Villaments • Product: Apartment • Ownership: ORP • Ownership: JDA • Ownership: JDA •
Slide 16: Project Pipeline & Business Development Overview
Project Pipeline & Business Development Overview Project Pipeline (msf) Upcoming Projects 18.5 msf GDV Upcoming – 18.5 msf 35.9 Ongoing – 17.4 msf Ownership Rs. Crs. 17.4 18.5 - Own 5,140 8.7 - JDA 4,780 7.6 5.9 5.5 - JV 580 2.3 2.8 1.6 1.0 - DM 1,170 0.5 Total GDV – Upcoming Projects 11,670 Own JDA
Slide 17: FY26 Launches – Exceptional launch performance but impacted by delays
FY26 Launches – Exceptional launch performance but impacted by delays New Project Launches – FY26 New Phase Launches – FY26 Launch Area Launch Area Project details Region Product Area (msf) Project details Region Product Area (msf) (msf) (msf) Spectrum Pune Apartment 0.89 0.44 Springfield Kolkata Ap
Slide 18: Project Launch Outlook: Q4|next 6 months
Project Launch Outlook: Q4|next 6 months Guduvancheri Koyambedu Yelahanka Uttarpara (Chennai) (Chennai) (Bangalore) (Kolkata) Product: Apartment Product: Apartment Product: Villas Product: Plots Project Area: 0.2 msf Project Area: 0.3 msf Project Area: 0.2 msf Project Area: 0.4 msf Ownership: Own Ow
Slide 19: Pending Revenue Recognition Potential in Recently Completed Projects
Pending Revenue Recognition Potential in Recently Completed Projects Robust Handover & Revenue recognition outlook in Sold units from Unrecognized Owner Project Area Sold Area Pending Project Name Region Product Total Units Revenues Current Status Ship (msf) * (msf) * Handover (Rs. Crs) Q2 Launches
Slide 20: Honors & Accolades: Q3|FY26
Honors & Accolades: Q3|FY26 Best Realty Brands 2025, South Edition Plotted Development Project of the Year – - Shriram Properties Shriram Codename 10X, Chennai ET Now Best Brands Conclave 17th Realty+ Conclave 2025 - South Great Place to Work-Certified Jan. 2026 - Jan. 2027, India Innovative Marketi
Slide 21: Financial Highlights: Q3|9M FY26
Financial Highlights : Q3 |9M FY26 Artist’s impression of Shriram Esquire, Bangalore 19
Slide 22: Financial Highlights: Profit & Loss – Q3|9M FY26
Financial Highlights: Profit & Loss – Q3 |9M FY26 Particulars (Rs Crs) Q3 FY26 Q3 FY25 Q2 FY26 9M FY26 9M FY25 FY25 Income from Operations 178.9 121.1 205.3 626.5 415.7 823.4 Other Operating Revenues* 17.0 51.3 15.2 44.6 114.1 125.8 ✓ 9M Revenue from Total Operating revenues 195.9 172.4 220.5 671.1
Slide 23: Financial Highlights: Profit & Loss commentary
Financial Highlights: Profit & Loss – Q3|9M FY26 Q3 FY26 o Continued GBA & e-Khata issues impacted revenue recognition during Q3 FY26. ─ Chennai & Kolkata projects remained major contributors during Q3. ─ Nearly 50%+ of Q3 handovers were in JVs & DMs, thus limited impact on SPL Consolidated Revenues
Slide 24: Consolidated Cash Flows: Q3|9M FY26
Consolidated Cash Flows: Q3 |9M FY26 (Excl. DM & JV cashflows) Amount in Rs. Crs Q3 FY26 Q2 FY26 Q1 FY26 9M FY26 9M FY25 FY25 Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM Operating Inflows 302 264 221 787 618 983 1,484 Construction (96) (136) (111) (342) (281) (422) 236 Marketing & Admin
Slide 25: Debt Profile: Healthy Gearing with Competitive Cost
Debt Profile: Healthy Gearing with Competitive Cost Debt Profile & Cost of Debt Trends - Consolidated ✓ Comfortable debt position with Net Debt of 418 Crs. Particulars (Rs. in Crs.) Dec’25 Mar’25 Mar’24 Mar’23 ✓ Debt-Equity remains healthy at 0.3x. Gross External Debt1 635 646 631 553 ✓ Cost of debt
Slide 26: Outlook | Q4 & FY26
Outlook |Q4 & FY26 Artist’s impression of Shriram Spectrum, Pune 24
Slide 27: FY26 Revised Outlook Guidance
FY26 Revised Outlook Guidance Sales Volume Sales Value Collections Handovers 4.5+ msf 2600+ 1700+ 3500+ Units Rs. Crores Rs. Crores Completion Project Delivery Pipeline addition GDV Addition 8-10 3.5-4.0 7.0-8.0 4500-5000 Projects msf msf Rs. Crores SPL’s Mission and medium-term objectives remain in
Slide 28: Thank You
Thank You Artist’s impression of Shriram Serenity, Bangalore 26
Slide 29: Annexures
Annexures 27
Slide 30: 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 ✓ 9 projects ✓ 24 projects ✓ 5 projects ✓
Slide 31: 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 Q3 FY26 9M FY26 FY25 Q3 FY26 9M FY26 FY25 Operating Inflow 302 787 983 389 1,023 1,335 Construction (96) (342) (422) (152) (484) (581) Mktg. & Adm
Slide 32: 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