| 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
- ₹1,191.20
- Market cap
- ₹12,739 Cr
- Revenue (annual)
- ₹5,190 Cr
- Net profit (annual)
- ₹193.4 Cr
- P/E (TTM)
- 55.2×Sector 34.9×
- 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 Results Update
Sobha Limited reported strong Q1 FY27 results, achieving record quarterly sales of ₹3,656 Crore (Rs 36.56 bn) and significant growth in revenue and profit.
- Value
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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 Other Announcement
Sobha Limited filed its Monitoring Agency Report for the Rights Issue for the quarter ended June 30, 2026. The report confirms no material deviation in fund utilization.
Sobha Board Meeting Outcome
Sobha Limited's board approved unaudited financial results for the June 2026 quarter and authorized the issuance of Non-convertible Debentures worth ₹1,000 Crore on a private placement basis.
- Value
- ₹1,000 Cr
Sobha Annual General Meeting
Sobha Limited held its 31st Annual General Meeting on July 18, 2026, via video conferencing. Key agenda items included dividend declaration and various director re-appointments.