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Sobha (SOBHA) investor relations material
Sobha Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved highest ever quarterly real estate sales in Q1 FY26, with sales value of INR 2,788 crore (₹20.79 bn), 1.44 million sq ft sold, and 806 homes delivered, driven by strong launches and demand, especially in Greater Noida.
Expanded operational footprint to 12 cities, including entry into Greater Noida with SOBHA Aurum; received multiple industry awards.
Unaudited standalone and consolidated financial results for Q1 FY26 were approved by the Board and reviewed by auditors with unmodified opinions.
Launched two new projects totaling 1.62 million sq ft; cumulative launches over past five quarters exceed 10 million sq ft.
Net debt turned negative at (₹6.87 bn), with a net debt to equity ratio of (0.15), reflecting a strengthened balance sheet.
Financial highlights
Total income/revenue for Q1 FY26 was INR 901 crore (₹9.01 bn), up 34.6% YoY; real estate income contributed INR 690 crore (₹6.90 bn), contracts/manufacturing INR 162 crore (₹1.62 bn).
EBITDA stood at INR 73 crore (₹0.73 bn, 8.1% margin); PAT at INR 13.6 crore (₹136 mn, 1–1.5% margin), impacted by delayed revenue recognition in Bangalore.
Operational cash inflow reached INR 1,778 crore (₹17.78 bn), up 15% YoY; net cash flow for the quarter was INR 56.8 crore (₹0.57 bn).
Gross debt at INR 1,019 crore (₹10.19 bn); cash balance at INR 1,706 crore; average interest cost reduced to 8.86%.
Standalone and consolidated net profit for Q1 FY26 was ₹458.81 million and ₹136.18 million, respectively, both up YoY.
Outlook and guidance
Guided for 30% increase in pre-sales over last year, targeting INR 10,000 crore sales in the subsequent year.
Plans to launch 6–8 million sq ft in the remainder of FY26, with sales potential of INR 10,000 crore.
Margins expected to improve as revenue from delayed Bangalore projects is recognized in coming quarters.
Operating cash flow for FY26 expected to grow by 10%.
Dividend of ₹3 per equity share was proposed and approved at the AGM.
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