Shraddha Prime Projects revenue hits ₹508 cr as redevelopment scales
The Mumbai-based developer posted a 227% revenue jump for FY26, backed by new commencement certificates for two key residential projects.
What's new
- Revenue climbed to ₹508.4 cr in FY26, a 227% increase over the prior year.
- Net profit rose to ₹53.4 cr, compared to ₹20.3 cr in FY25.
- The developer secured Commencement Certificates for projects in Borivali West and Mulund West.
Why this matters
The results confirm that the company's redevelopment pipeline is moving from announcement to execution. With a gross development value of ₹2,500 cr now on the books, the focus shifts to whether the firm can maintain these margins as it scales.
What we're watching
- Construction progress on the newly certified Borivali and Mulund sites.
- Any further expansion of the ₹2,500 cr redevelopment pipeline.
- Consistency in profit margins as the company grows its operational footprint.
The full read
Shraddha Prime Projects is scaling rapidly. The developer reported FY26 revenue of ₹508.4 crore, a 227% increase over the ₹155.4 crore posted in FY25. Net profit followed a similar path, climbing to ₹53.4 crore from ₹20.3 crore the previous year. The financial growth aligns with the company's push into Mumbai redevelopment, where it now manages a pipeline with an estimated gross development value of ₹2,500 crore. Operational progress is visible on the ground, with the company securing Commencement Certificates for 'Pratham by Shraddha' in Borivali West and 'Shraddha Paradise Enclave' in Mulund West. These results confirm the growth trajectory previously signaled by project announcements. The company is now in the execution phase of its pipeline. The next test is maintaining this pace as it manages multiple redevelopment sites simultaneously.
Questions answered
- How much did Shraddha Prime Projects earn in FY26?
- The company reported revenue of ₹508.4 crore for the year ending March 2026, marking a 227% increase from the ₹155.4 crore recorded in FY25.
- What was the net profit for the year?
- Net profit reached ₹53.4 crore, up from ₹20.3 crore in the previous fiscal year.
- Which projects received Commencement Certificates?
- The company secured certificates for 'Pratham by Shraddha' in Borivali West and 'Shraddha Paradise Enclave' in Mulund West.
- What is the total value of the company's redevelopment pipeline?
- The Mumbai redevelopment pipeline currently holds an estimated gross development value of ₹2,500 crore.