Shriram Properties reported a 46 per cent decline in consolidated net profit to ₹11.04 crore for the quarter ended June 30, 2026, according to a PTI report citing the company's regulatory filing. The realty firm's net profit stood at ₹20.59 crore in the year-ago period. The drop was driven mainly by higher expenses, including increased operational costs and tax outgo, as well as a loss in joint venture projects.
Profit and Income Trends
Total income rose marginally to ₹271.04 crore in the first quarter of this fiscal from ₹261.54 crore in the corresponding period of the preceding year, the filing showed. The profit decline came despite the higher income, as expenses weighed on the bottom line.
| Metric | Q1 FY27 (April–June 2026) | Q1 FY26 (April–June 2025) | Movement |
|---|---|---|---|
| Consolidated net profit | ₹11.04 crore | ₹20.59 crore | 46% decline |
| Total income | ₹271.04 crore | ₹261.54 crore | Marginal rise |
According to the regulatory filing, the April–June quarter was affected by:
- Increased operational expenses
- Higher tax outgo
- A loss in joint venture projects
Sales Bookings Growth
Despite the profit decline, the company posted a 10 per cent increase in sales bookings to ₹484 crore during the first quarter of this fiscal, PTI reported.
"We have commenced FY27 on a strong note, with robust operational performance and encouraging customer response to our new launches across Chennai and Kolkata," Murali M, Chairman and Managing Director of Shriram Properties, said.
Murali said that with a healthy balance sheet, disciplined capital allocation and a diversified project portfolio across Bengaluru, Chennai, Kolkata and Pune, the company remains well positioned to pursue its growth opportunities while continuing to create sustainable long-term value for all stakeholders.
Project Portfolio and Pipeline
Shriram Properties operates in Bengaluru, Chennai, Pune and Kolkata. As of June 30, 2026, the company had:
- Delivered 52 projects with over 32.9 million sq ft of area in Bengaluru, Chennai and Kolkata
- 41 projects in the pipeline with aggregate development potential of 33.7 million sq ft
- 16 million sq ft of ongoing projects within that pipeline
Company Background
Shriram Properties is a realty firm with a diversified project portfolio across four Indian cities. The company has delivered 52 projects with over 32.9 million sq ft of area in Bengaluru, Chennai and Kolkata, and its pipeline as of June 30, 2026 comprised 41 projects with aggregate development potential of 33.7 million sq ft, including 16 million sq ft of ongoing projects.
The results were reported on August 13, 2026, based on the company's regulatory filing for the quarter ended June 30, 2026. The contrast between the 10 per cent growth in sales bookings and the 46 per cent decline in consolidated net profit highlights the impact of higher expenses and joint-venture losses on the company's bottom line during the quarter.
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