Shriram Properties just had a standout quarter, with net profit soaring 151% year-over-year to ₹21.6 crore in the quarter ended September.
This boost came from finishing more projects and recognizing higher revenue, which itself climbed 19% to ₹272.3 crore compared to last year.
Operating profit ₹62.4cr at Shriram Properties
Operating profit shot up by 235% to ₹62.4 crore, and the company turned last year's pre-tax loss into a ₹29.6 crore gain this quarter.
Sales also hit ₹583 crore, with collections and 760 homes delivered, plus plans for more during the second half.
The company is focusing on its Kolkata land bank and joint ventures, though this has pushed net debt up to ₹761 crore.