**Business Performance:** Shriram Properties' Q3 revenue was ₹204 Cr, with a net loss of ₹7 Cr, mainly due to e-Khata issues in Bangalore delaying revenue.

Still, 9M FY26 saw robust performance: revenues jumped 27% to ₹694 Cr and PAT grew 25% to ₹22 Cr.

9M sales value rose 12% to ₹1,691 Cr, backed by strong collections (up 22% to ₹1,150 Cr), indicating operational stabilization and recovery. **Growth Drivers or Strategy:** The company resolved long-standing Kolkata land issues, settling a ₹259 Cr liability without cash outflow, unlocking 10+ msf development with potential cashflows over ₹1,500 Cr in five years.

Strategic focus: asset-light acquisitions & aggressive pipeline addition, aiming to nearly double upcoming projects in 18-24 months. **Recent Developments:** In 9M FY26, six new projects (2.8 msf, ₹2,900 Cr GDV) were added.

Bengaluru saw 4 Occupancy Certificates, improving development predictability.

The company also earned accolades, including 'Plotted Development Project of the Year.' **Key Financial Metrics:** For 9M FY26, revenue was ₹694 Cr, PAT ₹22 Cr.

Sales value reached ₹1,691 Cr & collections ₹1,150 Cr.

Net Debt-to-Equity stands at a healthy 0.3x, showcasing strong financial discipline. **Management Commentary / Outlook:** Management anticipates a strong Q4 rebound with diversified launches across Kolkata, Chennai, & Bangalore, expecting record handovers.

FY26 performance is projected to surpass FY25, targeting 4.5+ msf sales volume, ₹2,600+ Cr sales value, ₹1,700+ Cr collections, and 3,500+ unit handovers.