Realty company Shriram Properties announced Q3FY25 results Financial Highlights: Total Revenues for Q3FY25 stood at Rs 179.9 crore, declining 25% YoY from Rs 240.6 crore. EBITDA increased 14% YoY to Rs 43.9 crore compared to Rs 38.6 crore. Profit before share of JV Income grew 67% YoY, reaching Rs 14.7 crore from Rs 8.8 crore. Profit Before Tax (PBT) rose 4% YoY to Rs 14.3 crore, compared to Rs 13.8 crore. Net Profit declined 30% YoY to Rs 13.0 crore from Rs 18.5 crore. Business Highlights: Satisfactory financial performance despite deferred revenue recognition in 2 key projects due to delayed receipt of regulatory clearances (OC/CC). SPL reported total revenues of Rs 179.9 crore in Q3, driven by handovers in recently completed projects. Revenue growth would have been strong but for deferment two project handover/revenue recognition to Q4. Despite constrained revenue base, overall profitability remained stable – with gross margins at around 31%, EBIDTA margins of 24%, PBT margins of 8% and PAT margins of 7%. Net debt dropped to Rs 401.0 crore at the end of Q3, and net debt-equity ratio stood low at 0.31:1, which is amongst the lowest in the industry Cashflows remained strong during the quarter. Cash from operations positive at Rs. 59 crore and the Company made new project investments of Rs 42 crore during Q3FY25. Murali M, CMD, Shriram Properties said: “Our quarterly performance is masked by certain short term challenges, but underlying trends are encouraging. We are firmly back on track with new launches and handovers. Our strategic initiatives, backed by a solid project pipeline and an exceptional execution platform, will enable us to sustain growth and fulfill our commitments. With an unwavering focus on timely delivery and quality, we are wellpositioned to drive profitable growth in the years ahead.” Result PDF
Realty company Shriram Properties announced H1FY25 results Total revenues are marginally lower at 366.0 crore. Deferral of income recognition in Q2 had impact on H1FY25. EBIDTA of 66.9 crore and consolidated PAT of Rs 16.7 crore for H1FY25. Murali M, CMD, Shriram Properties, said: “Q2FY25 is short-term aberration for the sector that witnessed reduced launches. Long term prospects for the sector remains positive and our strong market presence and success of our strategic initiatives will enable us in maintaining growth and delivering on promises even in the coming years. Our solid project pipeline, a strong execution platform, and our unwavering focus on costs and quality will contribute towards profitable growth even in the future”. Result PDF