Shriram Properties

MMTC, IFCI, Sigachi Ind: Penny stocks under ₹100 surge up to 15% today

The rally was led by MMTC, which jumped 14.58 per cent to ₹79.52 amid heavy volumes, followed by IFCI climbing 6.15 per cent to ₹74.50 and Sigachi Industries gaining 5.63 per cent to ₹53.21.

Shriram Properties share skyrockets 18% on robust Q4 results; details here

Shriram Properties shares were buzzing in trade on the back of a strong March quarter of financial year 2025 (Q4FY25) performance.

Shriram Properties buys 5 acres in Bengaluru for ₹250 cr housing project

Realty firm Shriram Properties has acquired 5 acre land in Bengaluru to develop a housing project with a revenue potential of Rs 250 crore. In a regulatory filing on Wednesday, the company informed that it has acquired a prime 5-acre land parcel at Yelahanka, North Bengaluru. Shriram Properties plans to develop a premium residential complex with row houses/ villas on this project land over the next three years. "With gross development value (GDV) of Rs 200-250 crore, the company is targeting to launch the project during H2-FY26," it said. Gopalakrishnan J, CEO of Shriram Properties said, This strategic investment is well aligned with our objective of strengthening the Shriram brand's footprint in North Bengaluru, a region demonstrating sustained and robust growth potential. Shriram Properties Ltd has delivered 48 projects with a saleable area of 26.5 million square feet, mostly in Bengaluru and Chennai and in recent years at Kolkata. Bengaluru-based company has a strong developme

Shriram Properties Q3FY25 results: Net profit down 30% to Rs 13 cr

Realty firm Shriram Properties on Wednesday said it has reported a 30 per cent decline in its net profit to Rs 12.97 crore in the December 2024 quarter. Its net profit stood at Rs 18.48 crore in the October-December period a year ago. Total income also fell to Rs 179.87 crore in the third quarter of this fiscal compared to Rs 240.57 crore in the corresponding period of the preceding year, according to a regulatory filing. Bengaluru-based Shriram Properties is one of the leading real estate firms in the country.

Shriram Properties jumps 5% after land parcel sale to healthcare group

Shares of Shriram Properties rose 5 per cent at Rs 109.45 a piece on the BSE in Tuesday's intraday trade

Shriram Properties down 5% after slipping into loss in Q2; rev down 32%

The company's revenue from operation also fell 31.8 per cent to Rs 141 crore as compared to Rs 206.08 crore a year ago

Here's why Shriram Properties share price jumped 7% on October 30; details

The uptick in share price came after the company announced that it has signed a Joint Development Agreement (JDA) for a 6-acres prime land in the upcoming micro markets of Undri in Pune

Shriram Properties eyes Rs 750 cr revenue from mixed-use project in Pune

Realty firm Shriram Properties Ltd on Tuesday said it has signed a joint development agreement to develop a mixed use project in Pune with a revenue potential of about Rs 750 crore. The company said in a statement that it has signed a joint development agreement (JDA) for a six-acre prime land, nestled in the upcoming micro markets of Undri in Pune. Shriram Properties will develop over 650 apartments and some retail/commercial spaces with an aggregate saleable area of over 1 million sq ft to be developed over the next four years. "The project has aggregate revenue potential of Rs 700-750 crore. The company is targeting to launch this project during H2, FY25," it said. Shriram Properties has a strong pipeline of 42 projects with 42 million sq ft of saleable area, including 26 ongoing projects with 24.3 million sq ft of saleable area as of June 30, 2024. Shriram Properties Chairman & Managing Director Murali Malayappan said, "This investment is consistent with our asset light ...

Shriram Properties shares jump 3% as company launches new project

The uptick in the stock price follows the news that the company has launched a new project under the 'Codename - Pudhiya Chennai', an apartment project situated in the neighbourhood of Chennai

Shriram Properties to focus on mid-segments; eyes doubling annual sales

Shriram Properties Ltd, the real estate division of the diversified conglomerate Shriram Group, would focus predominantly on medium housing segments as it aims to double sales volume, triple revenues over the next three years, a top official said on Friday. The company has rolled out a new brand identity SPLNxT (referring to Shriram Properties Ltd Next) which aims to transform the perception of Shriram Properties Ltd, elevating brand image, Executive Director and Group CEO Gopalakrishnan said here. The year 2024 also marks the silver jubilee year for the real estate entity and has completed over 42 projects across key cities. It has another 42 new projects in the pipeline, he said. Gopalakrishnan along with Shriram Properties Ltd Chairman and Managing Director Murali M and senior officials were here to announce the company's plans over the next three years. "As an integral part of SPLNxT, we are embarking on a mission that looks to double (sales) volume, triple income and quadruple

Realty firm Shriram Properties targets Rs 5,000-cr annual sales by FY27

The realtor aims to achieve cumulative sales exceeding 20 million square feet over the next three years

Shriram Properties' new initiative sends company's shares flying over 15%

BSE analytics reflect that the company's shares have sprinted 22 per cent in the last one week, while they have gained 22.77 per cent in the last one month and 63.36 per cent in the last one year

Shriram Properties to triple revenue to Rs 3k cr by FY27; double bookings

Realty firm Shriram Properties Ltd on Wednesday said the company is targeting to triple its revenue to Rs 3,000 crore and double sale bookings to Rs 5,000 crore by 2026-27 financial year as the company embarks on its next phase of growth. The company, which entered its 25th year of operations in 2024-25, unveiled a new brand identity that seeks to transform the perception of Shriram among customers while elevating its brand and reputation towards better customer delight in the future. "We are embarking on a mission with a brand-new identity, as we enter 25th year of our operations. It will allow us to create our own identity and elevate and re-position the trusted Shriram brand among NextGen buyers," Shriram Properties Chairman and Managing Director Murali Malayappan told reporters here. He said the company would leverage technology in construction activities as well as providing various services to customers. "What we achieved in 25 years, we can do it in the next 7-10 years," Mur

Shriram Properties Q1 results: Net profit rises 5% to Rs 17.46 cr

Realty firm Shriram Properties on Wednesday reported a 5 per cent increase in its consolidated net profit to Rs 17.46 crore for the quarter ended June on higher income. Its net profit stood at Rs 16.62 crore in the year-ago period. Total income rose to Rs 210.90 crore in the April-June period of this fiscal from Rs 157.17 crore in the corresponding period of the previous year, according to a regulatory filing. The company also appointed Ravindra Kumar Pandey as Chief Financial Officer and elevated Rajesh Yashwant Shirwatkar as Deputy Chief Financial Officer. Shriram Properties reported sales volumes of 0.70 million square feet and sales values of Rs 376 crore during the first quarter of this fiscal year. Commenting on the performance, Murali M, CMD, Shriram Properties said, "Our strong market presence and success of our strategic initiatives give us confidence in maintaining growth and delivering on promises in the years to come." "Our solid project pipeline, a strong execution .

Shriram Properties Q4 results: Consolidated net profit up 32% at Rs 20 cr

Realty firm Shriram Properties reported a 32 per cent increase in consolidated net profit to Rs 20.18 crore for the March quarter on higher income. Its net profit stood at Rs 15.25 crore in the year-ago period. Total income rose to Rs 358.37 crore in the fourth quarter of the last fiscal from Rs 170.98 crore in the March quarter of FY23, according to a regulatory filing on Wednesday. During the 2023-24 fiscal year, the net profit rose to Rs 75.43 crore from Rs 65.97 crore in the preceding year. Total income grew to Rs 987.35 crore in the last fiscal from Rs 813.93 crore in the 2022-23 financial year. Murali M, CMD of Bengaluru-based Shriram Properties, said, "Supported by our strong market presence and success of strategic initiatives, we are confident of sustaining growth and profitability in the coming years." "Our robust launch pipeline, strong execution platform coupled with continued focus on cost management and commitment to delivering quality will support towards this end,

Shriram Properties inks JV for housing project; eyes over Rs 250 cr revenue

Realty firm Shriram Properties Ltd has partnered with a landowner to develop a 4-acre housing project in Bengaluru with an estimated revenue potential of more than Rs 250 crore. In a regulatory filing on Tuesday, the company informed that it has signed a Joint Development Agreement (JDA) for the development of a prime 4-acre land parcel located at Yelahanka in Bengaluru. "The proposed project will comprise of 270 apartments with an aggregate saleable area of 3.8 lakh square feet. The project has aggregate revenue potential of over Rs 250 crore and is expected to be developed over the next 3 years," Shriram Properties said. The company is targeting to launch of this project during the first half of the current financial year. "This investment is in alignment with our goal of increasing our footprint within the city and also highlights our asset light approach to accelerate growth, Murali Malayappan, Chairman and Managing Director of Shriram Properties, said. This project will ...

Shriram Properties Q3 result: PAT dips 17% to Rs 18 cr, income at Rs 240 cr

Shriram Properties Ltd on Wednesday reported a 17 per cent decline in profit after tax at Rs 18.48 crore in the quarter ended December 2023 and announced its entry into the Pune market with a real estate project worth Rs 1,300 crore. The company's net profit stood at Rs 22.36 crore in the year-ago period. The total income rose to Rs 240.57 crore in the third quarter of this fiscal, from Rs 222.01 crore in the corresponding period of the previous year, according to a regulatory filing. Shriram Properties said it is planning an entry into the Pune region, and has signed a Development Management (DM) agreement for the development of a residential project in Undri, Pune. The company has secured development rights under the DM model, and the project envisages the development of over 1.7 million square feet of residential area and 0.3 million square feet of commercial area. The project has sales value potential of over Rs 1,300 crore and is to be executed over the next 3-4 years, Shrira

Shriram Properties Q2 sales bookings up 40% to Rs 608 cr on strong demand

Realty firm Shriram Properties Ltd has clocked 40 per cent growth in its sales bookings to Rs 608 crore in the second quarter of this fiscal year on better demand for its housing projects. Its sales bookings stood at Rs 435 crore in the year-ago period. According to an investors' presentation, Shriram Properties sales bookings grew 14 per cent to 1.15 million sq ft during the July-September period of this fiscal from Rs 1.01 million sq ft in the corresponding period of the previous year. Shriram Properties attributed the growth in bookings value to strong sustenance sales in ongoing projects and contribution from new phases launched during the July-September quarter. Higher sales values reflect the change in product mix and improved pricing, it said. In the first six months of the ongoing fiscal, Shriram Properties Ltd achieved sales volumes of 1.9 million sq ft -- up 14 per cent year-on-year (y-o-y) -- and sales values of Rs 1,066 crore -- up 43 per cent y-o-y. "We are encourage

Shriram Properties, ASK Property Fund to jointly invest in Chennai project

Realty firm Shriram Properties Ltd (SPL) and ASK Property Fund on Wednesday announced a joint investment of Rs 206 crore in a residential project in Chennai. The joint investment is "towards 100 per cent of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary Shrivision Elevations Pvt Ltd." The project acquisition formalities were completed and is being launched as "Shriram 122 West" shortly. With a total saleable area of 1.9 million square feet spread across two phases, the project has an aggregate revenue potential of Rs 1,200 crore in the next 5 years. The project comprises of around 1,900 residential units, predominantly targeting the mid-income group.

Shriram Properties, ASK Property Fund invest Rs 206 cr in a Chennai project

The project, Shriram 122 West is the second joint investment by the co-investment platform set up by ASK & Shriram in November 2022