Sobha guides higher margins as H1 sales reach INR 5,862 crore
SOBHA · price
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On the reaction day the stock moved 3.7 pts less than Nifty Smallcap 250 and 2.9 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sobha posted record H1 FY27 sales of INR 5,862 crore, up 47.2%. Q2 EBITDA margin was 11% and H1 PAT was INR 84 crore, with net cash of INR 322 crore. Management expects H2 FY27 EBITDA margin above 15%, movement toward 20% from FY28 and at least 50% PAT growth in FY27. It plans 8 to 9 H2 launches covering 11 to 12 million sq ft, worth about INR 18,000 crore; external orders worth INR 540 crore.
Strong sales, net cash and margin recovery guidance support earnings, but low profits and project delays could limit near-term stock gains.