Shriram Properties Limited — PPTs, 12-02-2025: Investor Presentation

**Investor Presentation Summary: Q3 | 9M FY25 Results**

**Financial Highlights:**

For Q3, revenues stand at ₹180 Crs, marking a 16% increase QoQ, while for the nine months, total revenues reach ₹546 Crs. Gross profit for Q3 is ₹89 Crs with a gross margin of approximately 31%. Despite some deferred revenue recognition, the EBITDA margin remains healthy at 24%, reflected in Q3 EBITDA of ₹44 Crs. Net profit for the quarter is ₹13 Crs, with expectations of a robust recovery in Q4 due to increased handovers.

**Strategic Initiatives and Growth Drivers:**

SPL has experienced a 22% QoQ growth in sales volume during Q3, driven by festive demand and new project launches. The company is set to enhance its market presence with ongoing approval processes for new projects. With a target of 3,300+ unit handovers in FY25, management is optimistic about recouping lost ground in revenue recognition.

**Business Developments:**

Three new projects with a total development potential of 1.1 msf were concluded recently, and over 1,500 new units are anticipated for Q4. The successful clearance of OC/CC is key to unlocking revenue in two major projects, potentially adding over ₹500 Crs to Q4 revenue.

**Market Position and Competitive Advantage:**

SPL ranks among the top brands in its key markets of Bangalore, Chennai, and Kolkata, with plans to expand into Pune. The company's robust customer base of over 30,000 families demonstrates its strong market trust and customer satisfaction.

**Investor Implications:**

The current operational challenges are expected to be temporary. Anticipated strong sales and handover numbers in Q4, coupled with gradual resolution of external dependencies, suggest a positive outlook. Investors should consider the potential for growth as the company implements its strategic expansion plans.