Shriram Properties Ltd. · NSE:SHRIRAMPPS
Shriram Properties — Q2 FY26 Earnings Presentation
34 slides from Shriram Properties's earnings presentation, Nov 12, 2025
Slide 1: Exchange filing cover letter
November 12, 2025 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 Q2 | H1 FY26 Results
Investor Presentation Q2 | H1 FY26 Results Artist’s impression of Shriram Songs of the Earth, Bangalore November 12, 2025
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 & 48 Projects Completed 31,000+ Happy Customers Debt Equity of 0.3x Excellence 29.2 msf Delivered 23% Referrals Volume CRISIL A- (Positive) Rated Strong
Slide 5: Q2|H1 FY26 Overview
Q2|H1 FY26 Overview 3 Artist’s impression of Shriram 107 Southeast, Bangalore
Slide 6: Challenging Quarter on Regulatory Transition Impact in the Region
Challenging Quarter On Regulatory Transition Impact in the Region SPL Performance Satisfactory amidst Macro Headwinds; Strong Recovery Seen in H2 Greater Bengaluru Authority (GBA) & Strong YoY Growth Trends; But Absolute Strong H2 Outlook Driven by Robust eKhata Transitionary impacts Earnings Modest
Slide 7: Current Status of Deferred OC / eKhata from H1|Q2
Current Status of Deferred OC / eKhata from H1|Q2 Completed Projects Impacted by eKhata for Handovers 2Projects, 350+ Units 170+ Crs Revenue recognition deferred due to eKhata in completed Projects Completed Projects Impacted by Delay in OC’s for Handovers 3Projects, 300+ Units 250+ Crs Revenue reco
Slide 8: Q2|H1 FY26 Highlights
Q2|H1 FY26 Highlights 6 Artist’s impression of Shriram Sapphire, Bangalore
Slide 9: KPI Snapshot: Q2|H1 FY26
KPI Snapshot : Q2|H1 FY26 39% QoQ 55% QoQ 15% QoQ 3% QoQ 10% YoY 21% YoY 7% YoY 30% YoY Q2 FY26 1.14 685 388 764# msf ₹ Crores ₹ Crores Units Sales Volume Sales Value Collections Handovers 13% YoY 19% YoY 6% YoY 34%YoY H1 FY26 1.96 1,126 725 1504# msf ₹ Crores ₹ Crores Units Sales Volume Sales Value
Slide 10: Financial Performance Snapshot: Q2 FY26
Financial Performance Snapshot : Q2 FY26 48% 34% 73% YoY YoY YoY Q2 FY26 Revenues Gross Profit EBIDTA# PAT ₹ 229Crs. ₹ 61Crs. ₹ 23Crs. ₹ 9Crs. • Satisfactory performance despite macro headwinds on the regulatory front • Strong YoY growth trends, on low base, but absolute revenues and earnings subdue
Slide 11: Performance Highlights: Q2|H1 FY26
Performance Highlights: Q2|H1 FY26 Operational Highlights Financial Highlights BD Highlights • Q2 Sales volume up 39% QoQ; Sales Values • Strong YoY trends on low base of last year; • Accelerated pipeline addition efforts paying- up 55% QoQ. Healthy contribution from 3 Absolute earnings modest, due
Slide 12: Business Development Highlights
Business Development Highlights Bangalore North Bangalore North Hinjewadi (Pune) Bangalore North Bangalore South • Product: Villas • Product: Apartment • Product: Apartment • Product: Row Houses • Product: Villaments • Ownership: ORP • Ownership: JDA • Ownership: JDA • Ownership: JDA • Ownership: JD
Slide 13: Project Pipeline & Business Development Overview
Project Pipeline & Business Development Overview Project Pipeline (msf) Upcoming Projects 18.6 msf GDV Upcoming – 18.6 msf 37.1 Ongoing – 18.5 msf Ownership Rs. Crs. 18.5 17.1 - Own 4,990 9.4 7.8 - JDA 4,770 5.9 4.0 - JV 580 2.9 2.7 1.8 1.5 - DM 1,130 1.0 Total GDV – Upcoming Projects 11,470 Own JDA
Slide 14: Project Launches Highlights: H1|FY26
Project Launches Highlights: H1|FY26 Location: Undri (Pune) Location: E’City (Bangalore) Location: Uttarpara (Kolkata) Launch: May 2025 Launch: July 2025 Launch: September 2025 Launch type: New Launch Launch type: New Launch Launch type: Phase II Launch Project Area: 0.89 msf Project Area: 0.50 msf
Slide 15: Project Launch Outlook: H2|FY26
Project Launch Outlook: H2|FY26 Yelahanka Koyambedu Perungalathur Bannerghatta (Bangalore) (Chennai) (ChennaI) Road (Bangalore) Product: Villas Product: Apartment Product: Apartment Product: Villaments Project Area: 0.2 msf Project Area: 0.3 msf Project Area: 0.9 msf Project Area: 0.3 msf Ownership:
Slide 16: Handover & Income Recognition Outlook: H2|FY26
Handover & Income Recognition Outlook: H2|FY26 H2 FY26 Robust Handover & Revenue recognition outlook Project Sold Area Revenues Total Pending Project Name Region Product Ownership Current Status Area (msf) (msf) * (Rs. Crs) Units Handover Q2 Launches OutlookBangalore Mystique Apartments JDA 0.20 0.1
Slide 17: Project Completion Outlook: H2|FY26
Project Completion Outlook: H2|FY26 Unrecognised Revenue & Handover Potential in Recently completed Projects Product: Apartments Product: Plots Product: Commercial Product: Apartments Product: Apartments 420+Crs. Ownership: JDA Ownership: JDA Revenue recognition Ownership: Own Ownership: JDA Ownersh
Slide 18: Honors & Accolades: H1|FY26
Honors & Accolades: H1|FY26 Developer of the Year - Shriram Iconic Residential Project of the Year - Properties Codename Superstar by Shriram Properties GRI Awards | Real Estate, India, 2025 Times Power Brands Pune 2025 Residential Developer of the Year - Shriram Properties ACE Alpha Awards Best Lea
Slide 19: Financial Highlights: Q2|H1 FY26
Financial Highlights : Q2 |H1 FY26 Artist’s impression of Shriram Esquire, Bangalore 17
Slide 20: Financial Highlights: Challenging Quarter, But Macro Headwinds Resolving
Financial Highlights: Challenging Quarter, But Macro Headwinds Resolving… o GBA transition issues led to deferred revenue recognition; Transient impact during the quarter o Strong YoY growth trends, but absolute revenues and earnings muted due to deferred OC/CC and eKhata across recently completed p
Slide 21: Financial Highlights: Profit & Loss – Q2|H1 FY26
Financial Highlights: Profit & Loss – Q2 |H1 FY26 Particulars (Rs Crs) Q2 FY26 Q2FY25 YoY H1 FY26 H1 FY25 YoY FY25 Income from Operations 205.3 140.6 46% 447.6 294.6 52% 823.4 Other Operating Revenues* 15.2 7.6 27.6 62.8 125.8 Total Operating revenues 220.5 148.2 49% 475.2 357.4 33% 949.2 ✓ H1 Opera
Slide 22: Financial Highlights: Profit & Loss – Q2|H1 FY26
Financial Highlights: Profit & Loss – Q2|H1 FY26 Q2 FY26 o Challenging quarter, due to GBA & eKhata issues impacting revenue recognition. ─ Handover/revenue recognition restricted to 5 recently completed projects. ─ Nearly 50%+ of Q2 handovers were in JVs & DMs, thus limited impact on SPL Consolidat
Slide 23: Consolidated Cash Flows: Q2|H1 FY26
Consolidated Cash Flows: Q2 |H1 FY26 (Excl. DM & JV cashflows) Amount in Rs. Crs Q2 FY26 Q1 FY26 H1FY26 H1FY25 FY25 Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM Operating Inflows 264 221 485 380 983 1,484 Construction (136) (111) (247) (164) (422) 236 Marketing & Admin Overheads (62) (53)
Slide 24: 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 ~407 Crs. Particulars (Rs. in Crs.) Sep’25 Mar’25 Mar’24 Mar’23 ✓ Debt-Equity remains healthy at 0.29x. Gross External Debt1 693 646 631 553 ✓ Cost of de
Slide 25: Outlook | FY26
Outlook |FY26 Artist’s impression of Shriram Spectrum, Pune 23
Slide 26: Business Outlook: H2 FY26
Business Outlook: H2 FY26 Launches & Sales Momentum: • Renewed confidences with strong lineup of H2 Launches • Encouraging response for H1 launches; strong momentum continues • Strong catch up, likely during Q3/H2 FY26 based on robust launch lineup Robust revenue recognition & earnings outlook: • In
Slide 27: FY26 Outlook Guidance
FY26 Outlook Guidance Sales Volume Sales Value Collections Handovers 28% 44% 35% 14% YOY YOY YOY YOY 5.2-5.5 3000-3300 1800-2000 3300-3600 msf Rs. Crores Rs. Crores Units Completion Project Delivery Pipeline addition GDV Addition 8-10 3.5-4.0 7.0-8.0 4500-5000 Projects msf msf Rs. Crores Strategic O
Slide 28: Mission 1-2-3-4 (FY28): On a Right Path
Mission 1-2-3-4 (FY28): On a Right Path; Confident of Delivery Supply for Mission accelerated by BD Efforts 1 United Team 2x Sales volume 3x Revenue Rs. ~2,500-3,000 Crs 4x Profit 3 years cumulative sales volume required to achieve the mission Rs. ~5,000 Crs Rs. 250+ Crs ~20 msf Ongoing Projects dri
Slide 29: Thank You
Thank You Artist’s impression of Shriram Serenity, Bangalore 27
Slide 30: Annexures
Annexures 28
Slide 31: 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 ✓ 8 projects ✓ 24 projects ✓ 4 projects ✓
Slide 32: 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 Q2 FY26 H1 FY26 FY25 Q2 FY26 H1 FY26 FY25 Operating Inflow 264 485 983 334 634 1,335 Construction (136) (247) (422) (189) (332) (581) Mktg. & Admi
Slide 33: Annexure-3: RE Sector & Mid Market demand dynamics
Annexure-3: RE Sector & Mid Market demand dynamics Categories driving residential Sales during Q2 FY26 (QoQ Trends) Nearly 56% of Q2FY26 Rs. 50 lacs to Rs. 1.0 Crore ticket size Rs. 1.0 Cr to 3.0 Crore ticket size absorption pan-India in the mid- 28% 31% 28% 27% market / mid-premium Share in Q2 FY26
Slide 34: 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