Sobha

Q2 FY27Realty

Sobha Q2 FY27 investor presentation: Revenue & Margins

Q2 FY27 investor presentation: what the company reported on revenue, margins and projects.

Price₹1,188

Market cap₹12.7K Cr

P/E55.1

Updated19 Oct 2026

Read4 min read

Based on Sobha's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2 FY27 Total Revenue: ₹10.17 bn (down 30.7% QoQ from Q1 FY27 ₹13.30 bn), real estate revenue ₹7.49 bn (down 32.3% QoQ). Q2 FY27 EBITDA is ₹1,189 Mn, down from ₹1,574 Mn in Q2 FY26 (approx.

From Sobha's Q2 FY27 earnings-call transcript · updated 19 Oct 2026.

Revenue & Sales Performance

Q2 FY27 Total Revenue: ₹10.17 bn (down 30.7% QoQ from Q1 FY27 ₹13.30 bn), real estate revenue ₹7.49 bn (down 32.3% QoQ).
Q2 FY27 Contractual & Manufacturing Revenue: ₹2.25 bn (fall from Q2 FY26 ₹2.09 bn by 7.8%).
Q2 FY27 Real Estate Sales Value: ₹22.06 bn, +16.2% YoY.
Q2 FY27 Saleable Area Sold: 1.42 mn sqft (no explicit YoY % for volume stated).
H1 FY27 Total Revenue: ₹23.47 bn, marginally lower by 1% YoY.
H1 FY27 Real Estate Sales: ₹58.62 bn, record half-year sales.
H1 FY27 Collections: Real estate ₹36.78 bn (+6.8% YoY), Contracts & Manufacturing ₹3.31 bn (down 12.9% YoY).

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Profitability & Margins

Q2 FY27 EBITDA is ₹1,189 Mn, down from ₹1,574 Mn in Q2 FY26 (approx. -24.4% YoY).
EBITDA margin for Q2 FY27 is 11.7%, up from 10.7% in Q2 FY26.
Profit After Tax (PAT) for Q2 FY27 is ₹331 Mn, down from ₹725 Mn in Q2 FY26 (approx. -54.4% YoY).
PAT margin for Q2 FY27 is 3.3%, down from 4.9% in Q2 FY26.

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Capital Expenditure Plans

Capex in H1 FY27 was ₹1,316 Mn, with ₹619 Mn in Q2 FY27 and ₹697 Mn in Q1 FY27 (Page 21).
SOBHA has 45+ acres of manufacturing facilities supporting operations (Page 4).
Developable Land Bank for future growth totals 347 acres across 8 cities, with a development potential of 35.97 Mn sft, including forthcoming and subsequent projects (Page 16).
Forthcoming launches include 20.42 Mn sft of saleable area representing ₹313.53 Bn in sales value (Page 15).
Inventory visibility includes ongoing unreleased projects indicating pipeline for future development (Page 15).

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Top-ranked in Realty

Ranked on what management guided this quarter

Guidance-ranked

1Sri Lotus Developers & Realty Ltd₹12.0K Cr

Rev 1Mar 3

2Man Infraconstruction Ltd₹4.6K Cr

Rev 2Mar 1

3₹1.2K Cr

Rev 2Mar 1

4₹1.1L Cr

Rev 2Mar 3

5₹61.9K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation mentions a Rights Issue receipt contributing to financial inflows but does not specify new fundraising amounts in Q2 FY27 or H1 FY27 (Page 21 shows Rights Issue proceeds as ‘-’ for Q2 FY27 and H1 FY27, only earlier periods had receipts).
Gross debt as of H1 FY27 is ₹15.05 billion, up from ₹10.02 billion in FY26, indicating an increase in borrowings (Page 22).
Cash equivalents at H1 FY27 are ₹18.27 billion, higher than ₹18.11 billion in FY26.
Net debt improved to a net cash position of ₹(3.22) billion in H1 FY27 from net debt of ₹16.40 billion in FY23, showing a significant reduction in net borrowings (Page 22).

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Order Book & Pipeline

The investor presentation reports the following regarding order book, order inflow, or pending orders: - **RE Sales (Q2 H1 FY27):** ₹58.62 billion total sales value for H1 FY27 from 3.76 million sq ft saleable area and 2,260 units. - **Inventory Visibility:** - Completed & Ongoing Projects: 14.47 million sq ft with a total sales value of ₹228.72 billion. - Forthcoming Projects: 20.42 million sq ft with a potential sales value of ₹313.53 billion. - Total Inventory Visibility: 34.89 million sq ft saleable area, total potential sales value ₹542.25 billion. - **Unsold Area (as on Sept 30, 2026):** 14.47 million sq ft unsold across completed and ongoing projects, sales value ₹185.19 billion (SOBHA share).

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Sobha — Quarterly revenue & net profit

Revenue Net profit

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Jun 2026Q1 FY27

Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹967 Cr, net profit ₹33 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sobha's management said in earlier quarters

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Elevate Campuses Ltd (Q2 FY27)
Year-on-Year Revenue Growth: 31% . Key investor presentation takeaways from Elevate Campuses's Q2 FY27 investor presentation — and how it ranks against sector p
DLF (Q2 FY27)
Q2FY27 Revenue from operations (DLF Limited consolidated): Rs 2,014 crore, up 11% YoY (Page 30) . Key investor presentation takeaways from DLF's Q2 FY27 investo
Veegaland Developers (Q2 FY27)
Revenue for Q1 FY27: ₹74.32 Cr, up 79.1% YoY (Page 10, 11, 4) . Key investor presentation takeaways from Veegaland Developers Ltd's Q2 FY27 investor presentatio
Brigade Enterprises Ltd (Q2 FY27)
Sales Value (INR Cr): . Key investor presentation takeaways from Brigade Enterprises Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers

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Frequently Asked Questions

What were Sobha Q2 FY27 results?

Q2 FY27 Total Revenue: ₹10.17 bn (down 30.7% QoQ from Q1 FY27 ₹13.30 bn), real estate revenue ₹7.49 bn (down 32.3% QoQ). Q2 FY27 EBITDA is ₹1,189 Mn, down from ₹1,574 Mn in Q2 FY26 (approx.

What is Sobha share price analysis?

Sobha currently shows a neutral. 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 planning capital expenditure?

Capex in H1 FY27 was ₹1,316 Mn, with ₹619 Mn in Q2 FY27 and ₹697 Mn in Q1 FY27 (Page 21).

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

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Realty

Fundraising & Capital Structure

Order Book & Pipeline

Sobha — Quarterly revenue & net profit

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What Sobha's management said in earlier quarters

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Frequently Asked Questions

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