S

Sobha Ltd

Q1 FY27

Sobha Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,188

Market cap₹12.7K Cr

P/E55.1

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

4 of 4 strong

RevenueGood growth

MarginMargins up

CapexCapex planned

Order bookOrder book rising

The short version

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 Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth

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.

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Profitability & Margins

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.

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Capital Expenditure Plans

Capex planned

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.

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Fundraising & Capital Structure

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.

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Order Book & Pipeline

Order book rising

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.

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Sobha Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.0K Cr, net profit ₹92 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sobha Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Sobha Ltd 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 Ltd share price analysis?

Sobha Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 55.1 with a market cap of ₹12,708 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sobha Ltd planning capital expenditure?

The company invested approximately INR 370 crores in land and about INR 70 crores in capex during Q1 FY ’27.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.