Shriram Properties has achieved sales volumes of 1.17 million square feet (msf) in Q4FY22, supported by 4 successful launches, reflecting 14% growth over Q3FY22 (QoQ). For the full year, aggregate sales volumes reached a record high of 3.76 msf in FY22, up 25% year-on-year (YoY).
This is remarkable considering the macro challenges faced on the back of Covid-led intermittent lockdowns during Q1FY22, and fears of third wave during early Q4FY22 that adversely impacted consumer sentiments. Aggregate sales value reached an all-time high of Rs 1,482 crore in FY22, up 19% Year -on -Year (YoY). Quarterly sales value at Rs 479 crore in Q4 reflected a growth of 15% QoQ, compared to Rs 416 crore in Q3.
Aggregate collections were at a new high of Rs 1,263 crore in FY22, up 37% YoY. Quarterly collections at Rs 361 crore in Q4, reflected a growth of 7% QoQ. Continued strong collections over the quarter and the full year reflects the Company’s focus on on-ground execution progress.
Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.
