Sobha Ltd (SOBHA) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management guides for EBITDA margins to recover to over 15% in H2 FY27 and trend towards 20% from FY28 onwards.
- A robust H2 launch pipeline of over 11 million square feet with an estimated GDV of INR 18,000 crores is planned.
- The company is confident of achieving at least 50% PAT growth for the full fiscal year FY27 over the previous year.
Performance Overview
- Achieved the second-highest quarterly sales of INR 2,206 crores, a 16% year-over-year growth.
- Average price realization improved by 13.7% year-over-year to INR 15,522 per square feet in Q2.
- Launched two new projects: SOBHA Boulevard in Mysore and SOBHA Belleview in Calicut, totaling 0.83 million square feet.
- Maintained a strong balance sheet with a net cash position of INR 322 crores as of September 30, 2026.
- Secured highest-ever quarterly cash inflows, reaching INR 2,084 crores, supporting future investments and growth.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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