Sobha Q1 FY27: Record INR3,656 cr pre-sales, up 76% YoY; guides 17-20% margin by Q4

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

SOBHA · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

—1-day move

₹1369.30

prior close

₹1364.50

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0-0.1-0.2——————————

Up moveDown movePending

AI summary

Sobha posted record Q1 FY27 pre-sales of INR3,656 cr, up 76% YoY, on 2.34 mn sq ft sold across 1,432 homes at INR15,655/sq ft. Total income rose 48% YoY to INR1,330 cr; PAT jumped to INR50.7 cr vs INR13.5 cr earlier. Company holds net cash of INR659 cr, with INR20,553 cr revenue yet to be recognized. Management guided margin recovery from 9.7% EBITDA to 17-20% by Q4 as high-margin projects get delivered, and targets 30%+ pre-sales growth. Plans to launch 8.2 mn sq ft (about INR12,000 cr GDV) over remaining FY27.

Likely market impact

Strong sales momentum and a clear margin recovery path could lift sentiment; large unrecognized revenue backlog and net cash balance sheet support downside protection.