Shraddha Prime Projects Sets November 5 Q2 FY27 Results Review

Shraddha Prime Projects Ltd will consider its unaudited standalone and consolidated results for the quarter and six months ended September 30, 2026, on November 5, following FY26 sales growth of 226.75% to ₹508.35 crore. The board meeting is important because the company has reported rapid revenue and profit growth while expanding its Mumbai redevelopment portfolio and subsidiaries.

When will Shraddha Prime Projects review its Q2 FY27 results?

Shraddha Prime Projects Ltd has scheduled a board meeting for November 5, 2026, to consider and approve unaudited standalone and consolidated financial results for the second quarter and first half of FY27. The company informed the BSE about the meeting through an announcement dated October 27.

The results will cover the three months and six months ended September 30, 2026. The company had previously considered and approved its unaudited standalone and consolidated results for the quarter ended June 30, 2026, at a board meeting on August 13. Its annual results for the year ended March 31, 2026, were considered at a meeting scheduled for May 28.

The November review follows a period of higher reported financial activity for the Mumbai-focused real estate developer. Shraddha Prime Projects develops, leases, constructs and redevelops residential and commercial projects in India, primarily in Mumbai.

What were Shraddha Prime Projects' latest reported financial results?

Shraddha Prime Projects reported sales of about ₹134 crore and net profit of about ₹19 crore for the quarter ended June 2026. Sales were reported as up 127.1% from about ₹59 crore a year earlier, while net profit rose 111.1% year on year.

Another reported Q1 FY27 disclosure put operational revenue at ₹133.6 crore, compared with ₹58.7 crore in Q1 FY26, and net profit at ₹19.3 crore. That disclosure stated that profit increased 107% year on year and that the PAT margin was 14.43%. A separate update described Q1 revenue growth of 127.6% to ₹133.6 crore.

For FY26, Shraddha Prime Projects reported sales of ₹508.35 crore, up 226.75% from ₹155.58 crore in FY25. Full-year net profit rose 118.59% to ₹53.86 crore from ₹24.64 crore. The company also reported consolidated total income of ₹520.99 crore for the year under review, compared with ₹160.17 crore in the preceding year, while consolidated profit after tax stood at ₹53.39 crore versus ₹24.92 crore.

What operational developments preceded the November board meeting?

Shraddha Prime Projects secured Commencement Certificates for two redevelopment projects in Mulund during Q1 FY27, covering about 2.25 lakh square feet of RERA carpet area. The certificates are relevant to the company's execution pipeline because they permit work to proceed on the identified projects.

Its running redevelopment portfolio included Pratham in Borivali West and Paradise Enclave in Mulund West, which secured commencement certificates in FY26. The company also identified projects in Kanjurmarg, Mulund West and Bhandup as part of its residential redevelopment portfolio.

In Nahur West, Shraddha Prime Projects launched Pandora by Shraddha, a 22-storey mixed-use development comprising compact 1 RK and studio apartments and commercial spaces. The company reported bookings for 110 of the project's 471 units on the launch day, worth about ₹60 crore. It estimated the project's total revenue potential at about ₹220 crore.

How is Shraddha Prime Projects expanding through acquisitions and fund raising?

The Finance Committee approved the acquisition of 91% of Atharva Ventures Private Limited for ₹0.01 crore and 100% of Shraddha Life Spaces Private Limited for up to ₹10.37 crore on August 19, 2026. The transactions were scheduled to be completed on or before August 20 and did not require government or regulatory approvals, according to the company disclosure.

Both target entities were incorporated for real estate development and reported nil turnover in FY23, FY24 and FY25. The purchase of Shraddha Life Spaces was a related-party transaction because the company's promoter was also promoter and director of the target. Shraddha Prime Projects described the transaction as being conducted at arm's length.

The company had also approved acquisition of a 75% stake in Shraddha City Spaces and a 51% stake in a new LLP. Separately, the board approved fund raising of up to ₹97 crore through a rights issue in March 2026. Shareholders approved a rights issue of 60.6 million shares, according to the available company news.

Why do the Q2 FY27 results matter for investors?

The Q2 FY27 update will provide the next reported view of whether the higher sales and profit levels seen in Q1 FY27 continued through the first half of the financial year. It will also show the standalone and consolidated financial position after the company's announced acquisitions and its continued addition of real estate entities.

The reported FY26 sales increase to ₹508.35 crore from ₹155.58 crore provides the financial context for the upcoming disclosure. For investors, the Q2 results will be relevant for assessing the reported pace of project execution, revenue recognition and profitability, particularly after the Q1 result and commencement certificates for Mulund redevelopment projects.

Shraddha Prime Projects' expansion is concentrated in Mumbai redevelopment and residential projects. Its subsidiaries include Padhmagriha Heights, Shree Krishna Rahul Developers, Shree Mangesh Constructions, Shraddha Mangalsmruti LLP and Roopventures LLP, alongside several entities added during FY26, including Aajprav Developers LLP, Shraddha Shelter & Stay Spaces, Shraddha Avyukta Realtors LLP, Shraddha Harmony, Shraddha Sai Infra and Shraddha Vastu Developers.

Conclusion

Shraddha Prime Projects enters its November 5 board meeting after reporting sharp year-on-year growth in FY26 and Q1 FY27, alongside new redevelopment approvals, project launches and acquisitions. The company has disclosed FY26 sales of ₹508.35 crore and Q1 FY27 sales of about ₹134 crore, making the second-quarter release a material scheduled update for its reported operating performance.

Investors will watch the unaudited Q2 and first-half FY27 results for reported revenue, net profit and the standalone and consolidated impact of its expanded group structure. The company has also disclosed a rights issue approval and ongoing Mumbai project activity, while the available information does not state the Q2 financial outcome before the November 5 board meeting.