Sobha Limited has informed the Exchange about the Transcript of Conference Call held on May 05, 2026.
SOBHA · price
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Sobha Limited reported record FY '26 sales of INR 8,136 crores with ~30% growth expected in FY '27 as well. Average price realization improved to INR 14,675 per sq ft, up 9.4% YoY. The company has a strong launch pipeline of 20.67 million sq ft planned over 6-8 quarters, with ~10 million sq ft targeted for FY '27 (GDV ~INR 15,000 crores). Key upcoming launches include Hoskote (INR 7,000 crores GDV) and Gurgaon Crescent Phase 1 (already launched, INR 1,100 crores sold). Management guided that projects nearing completion in the next 12 months will deliver higher margins in the range of 24-26%, with overall EBITDA margin expected at 30%+ for unrecognized revenue of INR 18,600 crores. The company ended FY '26 in a net cash position of INR 800 crores, targeting net operating cash flow of INR 2,000 crores in FY '27.
The management's clear margin improvement guidance and strong launch pipeline indicate improving profitability ahead. With net cash position and robust cash flows, the company is well-positioned to fund its development pipeline while delivering better earnings in FY '27.