Curation Team
NEW DELHI: Shriram Properties (SPL) has signed a joint development agreement for a 6.5 acres land in North Bengaluru.
The company is set to develop a residential apartment project with a saleable area of approximately 0.6 million sq ft and an estimated gross development value (GDV) potential of ₹500 crore.
The company achieved sales volume of 0.8 million sq ft, up by 17% year-on-year, valued at ₹441 crore in Q1 FY26. Collections stood at ₹388 crore up 5% year-on-year.
On the financial front, total revenue were ₹262 crore. Gross margin remained healthy at 34%, and it delivered an EBITDA of ₹46.5 crore. The company reported net profit of ₹20.6 crore in Q1 FY26.
