Sobha Limited has informed the Exchange about the Transcript of Conference Call held on May 05, 2026.
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Sobha Limited reported record FY26 real estate sales of INR8,136 crores with ~INR2,000 crores average quarterly run rate. Average price realization grew 9.4% to INR14,675 per sq ft. The company expects ~30% sales growth in FY27 as well, with ~10 million sq ft of launches planned (vs 6.04 million sq ft in FY26) across Bangalore, Gurgaon, Hyderabad, Thrissur and Pune. Unrecognized real estate revenue stands at ~INR18,600 crores with projected EBITDA margins of at least 30%+. CFO highlighted net cash position (negative net debt of INR800 crores) and guided for ~INR2,000 crores net operating cash flow in FY27. Key launches include Hoskote (~5.3 million sq ft, INR7,000 crores GDV) and SOBHA Crescent in Gurgaon (already launched April 2026).
Management has guided for significant margin expansion and sustained ~30% presales growth in FY27, backed by a strong pipeline and INR18,600 crores of unrecognized revenue. The net cash position provides financial resilience for execution. Shareholders can anticipate improving profitability through FY27 as higher-margin projects are recognized.