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Shriram Properties gains on reporting 26% growth in sales value in Q1FY23
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Shriram Properties is currently trading at Rs. 72.15, up by 0.10 points or 0.14% from its previous closing of Rs. 72.05 on the BSE.
The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 72.50 and Rs. 71.80 respectively. So far 29157 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.75 on 20-Jan-2022 and a 52 week low of Rs. 59.60 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 72.50 and Rs. 69.00 respectively. The current market cap of the company is Rs. 1223.74 crore.
The promoters holding in the company stood at 28.00%, while Institutions and Non-Institutions held 48.34% and 23.65% respectively.
Shriram Properties has achieved sales value of Rs 313 crore in Q1FY23 as compared to Rs 248 crore in Q1FY22, reflecting a growth of 26% Year-on-Year (YoY). The company has achieved sales volumes of 0.66 Million Square Feet (msf) in Q1FY23, up 20% year-on-year as compared to sales volumes of 0.55 msf in Q1FY22. Aggregate collections grew by 34% YoY to Rs 324 crore in Q1FY23, compared to Rs 242 crore in Q1FY22. Strong collections reflect the Company’s thrust 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.
