| Management target | Other 30.0% FY27 |
|---|
| Revenue growth | Real estate revenue up 60% YoY; total income grew 48% to ₹1,330cr. |
|---|---|
| Margins | EBITDA margin at 9.7%; expected to reach 17-20% by Q4FY27. |
| Order book | Revenue yet to be recognized stands at ₹20,550 crores. |
| Demand visibility | Strong visibility across Bangalore and NCR with healthy launch pipeline. |
| Management confidence | High on sales momentum; defensive on current margins due to legacy mix. |
Growth
Real estate sales value surged 76% YoY to ₹3,666 crores, with average realization hitting ₹15,655 per square foot.
Outlook
Guided 30% pre-sales growth for FY27; targeting 8.2 million square feet of launches in next nine months.
Risks
Low 9.7% EBITDA margin due to legacy projects; high land acquisition spends caused ₹149 crore net cash outflow.
Last quarter's promises, checked
Delivered
- Guided 8-9 msft launches for FY26 → delivered 6.89 msft in Q1FY27 alone (= BEAT)
- Guided ₹8,500cr pre-sales for FY26 → delivered strong trajectory with ₹3,981cr in H1 (= BEAT)
- Guided ₹18,000cr unrecognized revenue → delivered ₹20,550cr (= BEAT)
Partly delivered
- Guided Mumbai launch in H2FY26 → launch achieved but impact pending in Q1FY27 (= PARTIAL)
Missed
- Guided EBITDA margin 30-35% on sold units → delivered 9.7% reported EBITDA (= MISS)
- Guided 5.5 msft project completions for FY26 → delivered 2.25 msft in H1 (= MISS)
Earnings Call Transcript filed with BSE, NSE: SOBHA. Summary written with AI assistance from the document.
Sobha Ltd: key numbers
- Share price
- ₹1,226.60
- Market cap
- ₹13,118 Cr
- Revenue (annual)
- ₹5,190 Cr
- Net profit (annual)
- ₹193.4 Cr
- P/E (TTM)
- 56.9×Sector 35.8×
- Promoter holding
- 52.88%+0.00% QoQ
- FII holding
- 6.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sobha Ltd
All →Sobha Promoter Buying: ₹0.43 Cr
Sobha promoter Ravi P N C Menon bought 3,500 shares on NSE for ₹0.43 Crore on 18-Sep-2026. Post-trade holding remains at 3.36%.
- Value
- ₹0.43 Cr
Sobha Earnings Call: Key Takeaways
Sobha reported a record Q1 FY27 with RE sales value of ₹36.56 Bn (+76% YoY). Total Income rose 47.6% to ₹13.30 Bn, driven by robust Bangalore and NCR performance.
Sobha Earnings Call: Key Takeaways
Sobha Limited reports record FY26 real estate sales of ₹8,136 Cr, achieving a net cash positive position with ₹5,384 Cr total income and ₹193 Cr PAT.
Sobha Earnings Call: Key Takeaways
Sobha Limited achieved record FY26 real estate sales of ₹8,136 crore, driven by strong performance in Bangalore and NCR. Despite launch delays, management remains bullish on scaling operations with a robust project pipeline.
Sobha Earnings Call: Key Takeaways
Sobha delivered record FY26 performance with sales value of ₹81.36 Bn (+30% YoY) and revenue of ₹53.84 Bn (+29.3% YoY). The company achieved a net-debt negative position.
Sobha Earnings Call: Key Takeaways
Sobha Limited reports record sales of ₹81.36 Bn for FY26, driven by Bangalore and NCR expansion. Achieved net-debt negative status with a focus on high-margin residential launches.