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 Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..