The leading residential real estate development company’s share jumped 5 percent, upon acquiring 5-acre Yelahanka land for development and launch of a Rs. 200-250 Cr Residential project in H2-FY26, many more.
Price Movement
With a market capitalization of Rs 1,447, the share of Shriram Properties Limited is up by 5.79 percent compared to the previous close of Rs 80.34. In 1 month, the share is up by 14.8 percent
What Happened
Shriram Properties Limited, a leading mid-market and mid-premium residential developer, has acquired a 5-acre land parcel in Yelahanka, North Bengaluru, with plans to develop a premium row houses/villas over the next three years and a project is planned for launch by H2-FY26, with an estimated GDV of Rs. 200–250 crore.
About company
Shriram Properties Limited is South India’s leading residential real estate developer, primarily focused on mid-market and mid-market premium housing, with a growing presence in the plotted development segment.
Since beginning operations in Bengaluru in 2000, the company has expanded to Chennai, Coimbatore, Visakhapatnam, and Kolkata. As of December 31, 2024, delivered 48 projects covering 26.5 million sq. ft. and have a robust pipeline of 37 projects totaling 38.41 million sq. ft.
Business Development & Project Pipeline
Three projects with a total development potential of 1.1 million sq. ft. have been finalized, located in North Bengaluru (JDA), near Electronic City (owned), and Koyambedu, Chennai (JDA), with an estimated Gross Development Value of ₹850-1,000 crore. Focus remains on expanding the project pipeline, with several new developments under advanced evaluation.
Financials
The company reported a revenue of Rs 121 crores in Q3 FY25, down by 45.21 percent from its Q3 FY24 revenue of Rs 221 crores. It posted a net profit of Rs 13 crores in Q3 FY25, down by 29.82 percent, from its Q3 FY24 net profit of Rs 18 crores.
Written by Sanjay G
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