SPL Posts Record Q1 FY26 Sales, Expands into Pune Market

14 Aug 2025 CW Team

Shriram Properties (SPL) has reported a strong start to FY26, with record-high first quarter sales of 0.8 million sq ft, valued at Rs 4.41 billion, marking a 17 per cent year-on-year growth. The performance was driven by robust sustenance sales and the successful launch of its maiden Pune project, codenamed “Superstar,” which received an encouraging market response.

Pre-launch efforts for the Bengaluru project “The One” in Electronic City also generated strong demand ahead of its July 2025 launch. SPL expects pre-sales volumes to gain further momentum in the coming quarters, supported by new launches.

Collections for Q1 stood at Rs 3.38 billion, up 5 per cent Y-o-Y, despite a high base in Q4 FY25 due to increased handovers. The company delivered over 740 homes and plots during the quarter, continuing the momentum from the record-high handovers in the previous quarter.

On the business development front, SPL added a new project with a gross development value of approximately Rs 2 billion in Q1. It is in advanced stages of due diligence for six additional projects with a combined development potential of around 3 million sq ft. The company is also evaluating projects with over 23 million sq. ft. potential across its core markets.

With nearly 80 per cent of on-going projects already sold, SPL aims to focus on timely execution and delivery to accelerate revenue recognition. The company remains confident in its medium-term outlook, supported by a healthy launch pipeline and a favourable industry cycle.

Commenting on the results, Murali M, Chairman and Managing Director, Shriram Properties, said:

“Q1 results reaffirm the strength of our operating platform. Our Pune entry has been successful, and we are committed to expanding our presence further. We remain focused on adding to our pipeline and accelerating execution to unlock cash flows from ongoing projects for superior value creation.”

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..