Shriram Properties Ltd (SHRIRAMPPS) Q3FY25 Concall Summary - Dec-2024 Qtr
Performance Overview
- Shriram Properties reported resilient quarterly sales despite external challenges, achieving 1.26 million square feet in sales volume and INR 670 crores in sales value, representing a 22% and 18% quarter-on-quarter growth, respectively. The company expects strong growth in Q4 driven by new launches in Pune and Bangalore.
- Gross collections remained stable at INR 346 crores for Q3 and INR 1,030 crores for 9 months of FY '25. Growth was impacted by deferred collections from handovers and new launches.
- The company handed over 630+ units in Q3 and 1,750+ units in 9 months of FY '25.
- Shriram Properties acquired development rights for three new projects in Bangalore and Chennai with a combined development potential of 1.1 million square feet and a GDV of INR 850 crores to INR 1,000 crores.
- The company aims to double its project pipeline in the next 12-18 months.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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