ET Realty reported on 2026-09-24 that Shriram Properties Ltd aims to double its net profit and sales bookings by FY29, supported by a rise in project completions. The company is also exploring mall-led rental income in West Bengal.
What happened
Shriram Properties reported a consolidated net profit of Rs 100.81 crore. It is targeting realisable income of around Rs 3,000 crore by FY29.
The company’s construction pipeline covers about 50 million sq ft through FY29. Its plans include doubling net profit and sales bookings during the period.
Why it matters
The FY29 targets link the company’s financial plans with its project completion pipeline. The proposed 50 million sq ft construction programme is the scale the company has identified through FY29.
The West Bengal mall-led rental plan adds a rental-income focus to the company’s stated business plans, alongside sales bookings and project completions.
Expert view
For property buyers, investors and market watchers, the figures to track are project completions, sales bookings, realisable income and the progress of the 50 million sq ft pipeline. The company has stated a target of around Rs 3,000 crore in realisable income by FY29.
The supplied information does not provide details of the malls, locations within West Bengal, timelines or the proposed rental model.
What buyers should check
Buyers should check project-specific details before taking a decision, including the project’s completion status and its connection with the company’s stated construction pipeline. Investors tracking the company can follow its reported net profit, sales bookings and realisable income against the FY29 targets.
2 min read