NEW DELHI: Shriram Properties (SPL) has reported a development of 27.02 per cent in its web consolidated revenue through the quarter ended March 31, 2024. Its revenue after tax stood at Rs 20.12 crore in This autumn FY24 as towards Rs 15.84 crore it recorded within the corresponding quarter of the earlier fiscal, the corporate stated in a BSE submitting.

The corporate’s web consolidated complete revenue stood at Rs 358.37 crore in This autumn FY24, a development of 109.60 per cent from Rs 170.98 crore it recorded in the same quarter final 12 months.

Throughout the quarter ended March 31, 2024, the corporate has acquired management over Shriprop Malls, Shriprop Infrastructure, Shrivision Tasks, Shrivision Buildings, Shrivision Estates, Shrivision Malls, Shrivision Hitech Metropolis and SPL Properties.

SPL has clocked gross sales volumes of 4.59 million sq ft in FY24. Gross sales values touched Rs 2,362 crore in FY24, up 28% year-on-year. FY24 gross collections stood at Rs 1,391 crore, up 16% year-on-year.

General portfolio common realisation improved 12% year-on-year, whereas common realisation for mid-market models had been larger by 20% year-on-year.

SPL’s value of debt dropped to 11.6%, as in comparison with 11.9% in FY23. The price of incremental debt is now within the 10% – 10.5% vary. Web debt remained nearly flat at Rs. 441 crore and debt-equity declined marginally to 0.35:1.