Shriram Properties Q1 Revenue Reaches ₹2.24 Billion

Nikunj Parikh - Mumbai Bureau Aug 12, 2026 1,500 Views

Shriram Properties Limited reported consolidated revenue from operations of ₹2.24 billion and a net profit of ₹110.4 million for the first quarter ended June 30. The Board approved the unaudited financial statements on August 12, 2026, and confirmed plans to hold its 5th post-IPO AGM virtually

BENGALURU — Shriram Properties Limited announced its consolidated financial results for the first quarter ended June 30. The Bengaluru-based real estate developer reported consolidated revenue from operations of ₹2.24 billion, alongside a consolidated net profit of ₹110.4 million for the quarter.

The quarterly performance was formally reviewed and approved by the company's Board of Directors during its meeting held on August 12, 2026. The latest earnings print reflects ongoing execution across its active residential projects in key South Indian urban markets.

Q1 FY27 Financial and Operational Performance

According to the official regulatory submission filed with Indian stock exchanges, Shriram Properties recorded consolidated revenue from operations of ₹2.24 billion. The company’s consolidated net profit after tax (PAT) reached ₹110.4 million for the June-quarter.

The board meeting convened at 06:30 PM IST and concluded at 07:20 PM IST on August 12, 2026, where both standalone and consolidated unaudited financial statements accompanied by the statutory auditor's limited review report were adopted.

In addition to financial approval, the Board authorized the convening of the company's 5th post-IPO Annual General Meeting (AGM). The AGM will be held via video conferencing/other audio-visual means (VC/OAVM) in compliance with guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Corporate Governance and Regulatory Notes

In its limited review disclosures, statutory auditors Walker Chandiok & Co LLP drew attention to an Emphasis of Matter regarding a prior Enforcement Directorate (ED) search operation conducted at the company's business premises in October 2024.

The management reiterated that no further official communication or findings have been received from the agency to date. The company maintained that there is no material substance to implicate the entity, its active or former subsidiaries, joint ventures, or directors in connection with the matter. The audit opinion remained unmodified in respect of this item.

Official Sources Section

The financial metrics and corporate event details cited in this report were disclosed via official regulatory filings submitted to the National Stock Exchange of India (NSE) and BSE Limited on August 12, 2026.

Quote Section

According to official filings submitted by K. Ramaswamy, Company Secretary and Compliance Officer of Shriram Properties Limited:

"The Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2026, along with the Limited Review Report of the Statutory Auditors of the Company thereon have been considered and approved by the Board of Directors."

Why It Matters

The earnings report provides market participants and home buyers with updated visibility into Shriram Properties' operational stability and revenue recognition pace. As mid-market residential demand continues across South India, quarterly revenue and profit metrics reflect execution capabilities across the developer's project portfolio.

Key Facts at a Glance

Consolidated Revenue from Operations: ₹2.24 billion for the June quarter.
Consolidated Net Profit: ₹110.4 million.
Board Approval Date: August 12, 2026.
Annual General Meeting: 5th post-IPO AGM to be held virtually via VC/OAVM.
Audit Status: Unmodified limited review report issued by Walker Chandiok & Co LLP.

Frequently Asked Questions

What was Shriram Properties' net profit in the June quarter? Shriram Properties recorded a consolidated net profit of ₹110.4 million for the quarter ended June 30.

What was the total revenue from operations for the quarter? Consolidated revenue from operations stood at ₹2.24 billion.

How will Shriram Properties hold its upcoming Annual General Meeting? The company announced that its 5th post-IPO AGM will be conducted virtually through video conferencing and audio-visual means in line with MCA and SEBI regulations.