Tag: M Murali

IndustryLatest Stories

Shriram Properties to Develop 6.5 Acres in North Bengaluru

NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a 6.5-acre site in North Bengaluru. The company plans to launch a residential project that will encompass approximately 0.6 million sq ft, with an anticipated gross development value (GDV) of ₹500 crore. SPL reported a sales volume of 0.8 million sq ft in Q1 FY26, reflecting a 17% year-on-year increase, equating to ₹441 crore. Additionally, collections reached ₹388 crore, showing a 5% rise compared to the previous year. On the financial side, total revenue stood at ₹262 crore, maintaining a healthy gross margin of 34% and generating…

IndustryLatest Stories

Shriram Properties Q1 FY26 Net Profit Jumps 17.93%

NEW DELHI: Shriram Properties has announced a net consolidated profit increase of 17.93% for the quarter ending June 30, 2025. The profit after tax reached ₹20.59 crore in Q1 FY26, compared to ₹17.46 crore in the same quarter last year, according to a filing with the BSE. The company’s net consolidated total income rose to ₹261.54 crore in Q1 FY26, marking a growth of 24.01% from ₹210.90 crore recorded during the equivalent quarter last year. Murali M, chairman and managing director, stated, “Our entry into Pune has been successful, and we are dedicated to further expanding our presence. We are…