Sobha Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Realty | Market Cap: ₹13.8K Cr
SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches happen on time. SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches occur on time.
From Sobha's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹1,284
Market Cap
₹13.8K Cr
P/E Ratio
60.0
Revenue Rank
Margin Rank
How does Sobha rank in Realty?
Compare Sobha against every Realty company this quarter on revenue, margins and earnings-call signals.
Sobha — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net profit ₹92 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches happen on time.
- →Plans to complete about 6 to 6.5 million sq. ft. in FY ’27, up around 20% from last year's 5.4 million sq. ft.
- →Forthcoming launch pipeline of 20.77 million sq. ft. across 17 projects, with 9 projects (~8.2 million sq. ft.) planned for launch in the remaining FY ’27.
- →Launches spread across key regions: 4 projects (~3 million sq. ft.) in Bangalore, 2 projects (~2 million sq. ft.) in NCR, 1 project (~1.7 million sq. ft.) in Hyderabad, and 2 projects (~1.5 million sq. ft.) in Kerala.
- →Unsold inventory of 14.94 million sq. ft. plus forthcoming launches provide strong visibility for sustainable growth in sales and revenues over medium term.
- →Expect margin improvement in H2 FY ’27, targeting 17-20% EBITDA by Q4 with completion of high-margin projects.
📈 Profitability & Margins
Rank 1- →SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches occur on time.
- →Operational cash inflow increased by 8.2% YoY in Q1 FY ’27, indicating healthy cash generation.
- →EBITDA margin expected to improve significantly in H2 FY ’27, targeting 17-20% by Q4 from around 9.7% currently.
- →Margin expansion anticipated as high-margin projects complete and handovers increase.
- →The company maintains strong earnings visibility with INR20,553 crores of revenue yet to be recognized from sales already made.
- →Profit After Tax rose to INR50.7 crores in Q1 FY ’27 from INR13.5 crores in Q1 FY ’26, reflecting improved profitability.
- →Continued focus on financial discipline, improving collections and operating cash flows supports sustainable profit growth.
- →Steady development pipeline and strong demand bolster long-term earnings outlook.
🏗️ Capital Expenditure Plans
Yes- →The company invested approximately INR 370 crores in land and about INR 70 crores in capex during Q1 FY ’27.
- →Planned land payments for FY ’27 and FY ’28 are expected to be roughly similar to previous years, aligned with commitments for ongoing and future projects.
- →New land acquisitions include a small parcel in Mumbai and a joint development opportunity in Greater Noida.
- →Approved NCDs of INR 1,000 crores are planned to be issued in tranches over the next couple of quarters to fund acquisitions and growth opportunities.
- →Capital allocation remains disciplined with focus on land acquisition, project expansion, and maintaining a strong balance sheet.
- →The company expects to sustain investments while retaining liquidity and pursuing opportunities, targeting gross land capex of around INR1,500-1,600 crores this year.
💰 Fundraising & Capital Structure
No information- →SOBHA Limited has approved Non-Convertible Debentures (NCDs) worth INR 1,000 crores.
- →The plan is to issue these NCDs over the next couple of quarters in tranches as acquisition opportunities are identified and firmed up.
- →The issuance will not be done all at once but split into at least two tranches as required.
- →No mention of any new equity fundraising during the call.
- →The company aims to maintain a strong, liquid balance sheet with net debt close to zero for the financial year.
- →Current borrowing costs are low at around 7.62%, supporting flexibility in funding growth without compromising financial discipline.
📋 Order Book & Pipeline
Yes- →SOBHA Limited reported strong order book visibility in Q1 FY ’27.
- →The company's other businesses generated revenue of about INR170 crores with good order book visibility.
- →Commercial rental income was about INR23 crores, expected to be steady in FY ’27 as in the previous year.
- →Total operational cash inflow during Q1 FY ’27 was INR1,924 crores.
- →Real estate collections stood at INR1,756 crores; collections from contractual and manufacturing businesses at INR168 crores.
- →The company has a forthcoming launch pipeline of about 20.77 million square feet across 17 projects.
- →Of these, 9 projects aggregating approximately 8.2 million square feet are planned to be launched within the remaining 9 months of FY ’27.
- →Unsold inventory stood at 14.94 million square feet as of Q1 FY ’27.
- →Total revenue yet to be recognized from sales already made is INR20,553 crores.
- →Strong balance sheet with a net cash position of INR659 crores provides flexibility to fund growth.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Sobha Q1 FY27 results?
SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches happen on time. SOBHA Limited targets at least 30% growth in presales for FY ’27, with potential to exceed this if all launches occur on time.
What is Sobha share price analysis?
Sobha currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 60.0 with a market cap of ₹13,844 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sobha planning capital expenditure?
The company invested approximately INR 370 crores in land and about INR 70 crores in capex during Q1 FY ’27.
Keep Sobha on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.