ALFA Finder| 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
- ₹1,243.90
- Market cap
- ₹13,303 Cr
- Revenue (annual)
- ₹5,190 Cr
- Net profit (annual)
- ₹193.4 Cr
- P/E (TTM)
- 69.6×Sector 38.0×
- Promoter holding
- 52.89%+0.01% QoQ
- FII holding
- 6.34%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sobha Ltd
All →Sobha Capital Structure Change
Bandhan Mutual Fund, a non-promoter, acquired 2,183,115 Sobha Ltd shares through the secondary market. Its stake rose from 7.03% to 9.07% of paid-up equity capital.
Sobha Legal & Regulatory
Sobha faces a GST order for Rs 29.76 Crore tax plus interest and penalty, and is appealing to GSTAT. The company reports no operational impact.
- Value
- ₹29.76 Cr
Sobha Earnings Call Transcript: Key Takeaways
Sobha delivered record H1 pre-sales despite Q2 margin compression. Management is banking on a heavy H2 launch pipeline and high-margin new inventory to restore profitability.
- Call
- Guides 50% growth
Sobha Capital Structure Change
Sobha Limited issued a final notice for payment of the first and final call of ₹825.50 per partly paid-up share on 20,857 shares outstanding.
- Value
- ₹1.72 Cr
Sobha Acquisition Worth ₹12.7 Cr
Sobha Limited will acquire the fire and safety business division of Sobha Projects and Trade Private Limited in a slump sale for ₹12.70 Crore.
- Value
- ₹12.70 Cr
- Execution
- Three months
Sobha Merger & Restructuring Worth ₹12.7 Cr
Sobha Limited is acquiring the fire and safety division of Sobha Projects and Trade Private Limited via a slump sale for Rs. 12.7 Crore.
- Value
- ₹12.70 Cr
- Execution
- Three months