Shriram Properties Ltd. · NSE:SHRIRAMPPS
Shriram Properties — Q4 FY25 Earnings Presentation
37 slides from Shriram Properties's earnings presentation, May 27, 2025
Slide 1: Exchange filing cover letter
May 27, 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 Code:
Slide 2: Investor Presentation Q4 | FY25 Results
Investor Presentation Q4 | FY25 Results May 27, 2025 Artist’s impression of Shriram Sapphire, Bangalore
Slide 3: Disclaimer
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: Q4 | FY25 Overview
Q4 |FY25 Overview Artist’s impression of Shriram Esquire, Koramangala, Bangalore 2
Slide 5: Significant Headwinds during FY25, but Mostly Overcome
Significant Headwinds during FY25, but Mostly Overcome Macro Conditions - Interim challenges, but mostly overcome • Delayed approvals and prolonged OC/CC processes impacted Q2/Q3, driving muted FY25. • Subdued launches and supply shrinkage across the sector—not demand weakness. • Underlying demand t
Slide 6: KPI Summary: FY25
KPI Summary : FY25 -6% YoY -3% YoY +7% YoY +5% YoY FY25 KPI’s 4.31 2,288 1,484 3,154 msf1 Rs. Crores Rs. Crores No's Sales Volume Sales Value Collection Handovers FY25 P&L Revenues Gross Profit EBIDTA# PAT Rs. 973 Crs. Rs. 249 Crs. Rs. 203 Crs. Rs. 77 Crs. • Maintained strong momentum across key KPI
Slide 7: KPI Summary: Q4 FY25
KPI Summary : Q4 FY25 5% QoQ 1 % QoQ 31% QoQ 119% QoQ Q4 KPI’s 1.32 673 455 1,396 msf1 Rs. Crores Rs. Crores No's Sales Volume Sales Value Collection Handovers Q4 P&L Revenues Gross Profit EBIDTA# PAT ₹ 428 Crs. ₹ 117 Crs. ₹ 89 Crs. ₹ 48 Crs. • Q4 momentum strong – Project OC/approvals received, tho
Slide 8: FY25 Quarterly KPI Trends
FY25 Quarterly KPI Trends Sales Volume (msf) Sales Value (Rs. Crs) Collections (Rs. Crs) 1.32 670 673 455 1.26 568 363 1.03 346 321 0.70 376 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Customer Handovers (units) Revenue Trends (Rs. Crs) PAT Trends (Rs. Crs.) 1
Slide 9: SPL Performance in the Sectoral & Peer Context
SPL Performance in the Sectoral & Peer Context Categories driving residential Sales during CY2024* Rs. 50 lacs to Rs. 1.0 Crore ticket size Rs. 1.0 Cr to 3.0 Crore ticket size Nearly 75% of 2024 absorption pan-India in 34% 38% 39% 37% the mid-market / mid- Share in Share in Share in Share in premium
Slide 10: Key Highlights: FY25 & Q4
Key Highlights: | FY25 & Q4 Operational Performance Financial Performance • Sales Volumes & Values muted due to multiple deferment • Satisfactory financial performance, despite delayed receipt of launches in FY25. Launches could be done only in Q1’26. of OC’s towards end of Fiscal. • FY25 Sales Volu
Slide 11: FY25 Launches: Fewer But Successful Launches
FY25 Launches: Fewer But Successful Launches New Project Launches – FY25 New Phase Launches – FY25 Project details Region Product Area (msf) Project details Region Product Area (msf) Shriram Serenity Bangalore Apartment 0.37 24 Karat Chennai Apartment 0.09 Shriram Swargam Chennai Apartment 1.00 Sanc
Slide 12: Pune Launch: Encouraging successful start
Pune Launch: Encouraging successful start 400+ 125+ Walk-ins in 48 Bookings in 48 hours of launch hours of launch Buoyed by tremendous response to our maiden launch, Pune is primed for the next wave of accelerated growth 10
Slide 13: Glimpses of Pune launch event
Glimpses of Pune launch event The launch vibes are truly energizing the entire team with renewed enthusiasm 11
Slide 14: Bangalore Gearing-up for the Launch; Pre-Launch Activities Begun
Bangalore Gearing-up for the Launch*; Pre-Launch Activities Begun Prelaunch campaign of Shriram Songs of the Earth (Near Electronic City, Bangalore) comprising – 344 units (0.5 msf), with GDV of 350+ Crs ________________ * Deferred from H2 FY25; Plan approvals received, awaiting RERA Prelaunch campa
Slide 15: FY25 Project Completion – Mostly Ahead of Schedule
FY25 Project Completion – Mostly Ahead of Schedule Projects Completed and Handover/Revenue Recognition Ongoing Project Name Area (msf) Type Ownership Total Units Handover RERA date 107 South East Phase I 0.45 Apt. JV 634 424 19-Jul-25 Eden Phase II 0.24 Plots DM 158 158 31-Dec-24 West woods 0.50 Plo
Slide 16: Pricing Trends Stable; Augurs Well for Strong Demand
Pricing Trends Stable; Augurs Well for Strong Demand Price Increase by Project – Top Projects only Avg. Portfolio Price increase Trends Increase Project Name Dev Type FY’25 FY‘24 from FY’24 Shriram WYT FIELD Apartment 7,048 6,143 15% 3% Avg Shriram WYT FIELD - II Apartment 6,857 5,956 15% 12% realis
Slide 17: Financial Highlights: Q4 | FY25
Financial Highlights : Q4 | FY25 Artist’s impression of Shriram 122 West, Mangadu, Chennai 15
Slide 18: P&L Snapshot
P&L Snapshot P&L Summary Snapshot Particulars (Rs. Crs) Q4FY25 9MFY25 FY25 Q4 Contribution Total Revenues 428 546 973 44% EBIDTA* 89 114 203 44% PBT 63 25 88 71% PAT _________________ 48 30 77 62% * EBITDA includes Share of Profits from JVs Handover Trends during FY25 JV Projects Handover trends dur
Slide 19: Financial Highlights: Profit & Loss – Q4 | FY25
Financial Highlights : Profit & Loss – Q4 | FY25 Particulars (Rs Crs) Q4 FY25 Q4 FY24 YoY Q3 FY25 QoQ FY25 FY24 Income from Operations 407.7 302.3 121.1 823.4 864.6 FY25 Margins Other Operating Revenues* 11.6 50.7 51.3 125.8 103.0 Total Operating revenues 419.3 353.0 19% 172.4 143% 949.2 967.6 30% O
Slide 20: Financial Highlights: Profit & Loss – Q4 | FY25 (contd.)
Financial Highlights : Profit & Loss – Q4 | FY25 (contd.) Q4 FY25 o Revenue recognition during Q4 witnessed significant momentum with handovers in key projects (Park63 & Pristine estates); Delayed OC/CC from Q2/Q3 received towards end of Q4. o ~1,400 units handovers in Q4, 37% in JVs and its impact
Slide 21: Consolidated Cash Flows – Q4 | FY25
Consolidated Cash Flows – Q4 | FY25 (Excl. DM & JV cashflows) Amount in Rs. Crs Q4 FY25 9M FY25 FY25 FY24 Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM Operating Inflows 365 618 983 823 1,484 Construction (141) (281) (422) (361) 1,391 1,029 236 Marketing & Admin Overheads (58) (139) (197)
Slide 22: Cashflow Snapshot
Cashflow Snapshot FY25 Cashflow Summary Snapshot 305Crs ⏶+34% 273Crs ⏶+75% 143Crs ⏶+66% 130Crs ⏶+86% Cashflow from Operations FCF before Investment New Project Investments Free Cashflows Cashflow Trends Cashflow from Operations FCF before Investments New Project Investments Free Cashflows 545 365 18
Slide 23: 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 0.24x – amongst lowest in the Particulars (Rs. in Crs.) Mar’25 Mar’24 Mar’23 Mar'22 industry Gross External Debt1 646 631 553 481 ✓ SPL Net Debt & Cost of Debt on declin
Slide 24: Outlook | FY26
Outlook |FY26 Artist’s impression of Shriram Chirping Woods, Sarjapura, Bangalore 22
Slide 25: Meaningful Growth Journey in Last 5 Years
Meaningful Growth Journey in Last 5 Years Sales Volume (msf) Sales Value (Rs. Crs) Collections (Rs. Crs) 2,362 2,288 1,484 4.6 4.3 1,391 4.0 1,846 1,263 3.8 1,194 1,482 1,244 3.0 925 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Customer Handovers (units) Revenue Trends
Slide 26: FY26 – Reset. Rebuild. Rise.
FY26 – Reset. Rebuild. Rise. Launches Pipeline Execution Better Launch Visibility and Better Business Development Construction & OC milestones Better Launch Preparedness momentum synchronised for Revenue with 1 project already recognition launched Approvals Pune Success Sector Outlook Sufficient tim
Slide 27: Pipeline Addition is Key to Mission Success
Mission 1-2-3-4 (FY28): On a Right Path; Confident of Delivery FY28 Mission Target • Sales Value: Rs. ~5,000 crs • Revenues: Rs. 2,500 - 3,000 crs • Earnings (PBT): Rs. 250 - 280 crs 3 years cumulative sales Ongoing Project Status – In Area (msf) volume required to achieve the ~20 msf Pipeline Addit
Slide 28: FY26 Outlook Guidance
FY26 Outlook Guidance 28% 44% 35% 14% YOY YOY YOY YOY 5.2-5.5 3000-3300 1800-2000 3300-3600 msf Rs. Crores Rs. Crores Units Sales Volume Sales Value Collections Handovers 8-10 3.5-4.0 7.0-8.0 4500-5000 Projects msf msf Rs. Crores Completion Project Delivery Pipeline addition GDV Addition Strategic O
Slide 29: FY26 Launch Preparedness
FY 26 Launch Preparedness 5-6 msf 54% 19% 13% 15% launchable area Bangalore Chennai Kolkata Pune 8-10 24% 62% 14% 0% Projects Own JDA DM JV 4,500+ Cr 68% 16% 14% 3% GDV Potential Apartment Villas Plots Others 2,000 Cr+ 47% 36% 14% 3% FY26 Launch Sales Mid Premium Mid Market Plots Others With launch
Slide 30: FY26 Project Completion & Earnings predictability
FY 26 Project Completion & Earnings predictability 4+ msf 70% 10% 20% Delivery area Bangalore Chennai Kolkata 8-10 OC’s 70% 20% 10% Projects Own & JDA JV DM 3,800+ units 80% 10% 10% Handover Potential Apartment Villas Others ✓ Over ₹1,400 Crs of unrecognized revenue potential from projects expected
Slide 31: Project Pipeline Update
Project Pipeline Update Project Pipeline (msf)* Upcoming Projects GDV (Rs. Crs) Upcoming – 17 msf Ongoing – 19. msf Ownership GDV 2.3 36.4 1.0 4.3 - Own 5,020 9.6 - JDA 3,250 2.3 3.5 - JV 580 5.5 - DM 920 7.9 Ongoing Ongoing Ongoing Ongoing Upcoming Upcoming Upcoming Upcoming Sub-Total Total GDV – U
Slide 32: Promoter Holdings – An Update
Promoter Holdings – An Update • Mr. Murali acquires additional stake in HoldCo Shareholding Pattern – Mar’25 − SPL’s promoter holding is held through SPHPL (HoldCo)*, in turn owned by Institutions & Mr. Murali and SGEWT*. Corporate 31% Public, 41% − Promoters desirous of ownership change at HoldCo l
Slide 33: Thank You
Thank You Artist’s impression of Shriram Blue, KR Puram, Bangalore 31
Slide 34: Annexures
Annexures 32
Slide 35: 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 36: 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 FY25 FY24 FY25 FY24 Collections 858 699 1,210 1,232 DM Income 41 123 41 121 Other Inflows 84 1 84 1 Operating Inflow 983 823 1,335 1,354 Construct
Slide 37: 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