SHRIRAM PROPERTIES LTD

During the Q1 FY27 earnings conference call, management reported a strong operational start with record sales of INR 484 crores, driven by new launches in Chennai and Kolkata. The company achieved a sales volume of 0.85 million square feet and strong collections of INR 365 crores. Management highlighted the successful entry into the premium residential segment in Chennai and the positive response to the plotted development in Kolkata, with 55% of inventory sold within the first month. Financially, revenue was reported at INR 271 crores, with EBITDA of INR 42 crores and PAT of INR 11 crores. Management noted that margins were impacted by a product mix, particularly from lower-margin legacy projects. The company maintained a healthy balance sheet with a net debt to equity ratio of 0.29x and expressed confidence in achieving its FY27 guidance, supported by a robust project pipeline and scheduled completions in H2 FY27.

Management emphasized strong operational performance and positive market response.