Shriram Properties Swings Back to Profit in Q2FY26, Banks on Strong H2 Pipeline

Shriram Properties Limited has reported a sharp turnaround in its quarterly performance, swinging back to profit in the second quarter of FY26 after posting a loss in the same period last year. The real estate developer signalled improving operational momentum as key regulatory bottlenecks eased and project execution gathered pace.

For Q2 FY26, the company reported a net profit of ₹8.6 crore, compared with a net loss of ₹0.8 crore in Q2 FY25, marking a clear improvement in profitability. Revenue from operations rose 46 per cent year-on-year to ₹205 crore, while total revenue increased 48 per cent to ₹229 crore, reflecting stronger sales traction and smoother conversion of bookings into recognisable revenue.

Management attributed the earlier pressure on results to temporary regulatory transition issues that had delayed customer handovers and revenue recognition on completed projects. With almost all pending occupation certificates now received, handovers have resumed across major developments, allowing the underlying business performance to be more accurately reflected in the financials.

Executive Director and CEO Gopalakrishnan J said the easing of these transition-related hurdles is expected to support a healthy rebound in the second half of FY26. Backed by a strong launch pipeline and an execution-focused strategy, the company remains confident of meeting its full-year targets and unlocking better cash flows.

On the growth front, Shriram Properties has deepened its development pipeline by adding five new projects during the period. These projects together offer 2.3 million sq. ft. of development potential with an estimated gross development value of ₹2,350 crore, providing strong visibility for future revenue. The company is also at an advanced stage of closing another five to six projects, which could add over six million sq. ft. in the second half of FY26, while additional projects with more than 20 million sq. ft. of potential are under active evaluation.

With regulatory headwinds easing, a visible launch pipeline and an expanding project portfolio, Shriram Properties is positioning itself for stronger operational and financial performance in the coming quarters.