Sobha Ltd
Sobha Q3 FY25 earnings call: Revenue & Margins
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Sobha Limited aims to reach or exceed last year's presales of ₹4,440 crores for FY ’25, with hopes to improve with new launches in Bangalore and other cities. - Launches this year have cumulatively reached 4.66 million sq. Sobha Limited expects margin improvement from Q4 FY25 and better margins from next financial year, driven by completion of real estate projects and easing contractual losses.
From Sobha Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Sobha Limited aims to reach or exceed last year's presales of ₹4,440 crores for FY ’25, with hopes to improve with new launches in Bangalore and other cities.
- Launches this year have cumulatively reached 4.66 million sq. ft. over six projects; expected to increase to about 9 million sq. ft. with upcoming launches.
- For FY ’26, the company targets ₹8,000 to ₹10,000 crores in sales, with expectations to cross ₹10,000 crores through consistent quarterly launches of ₹3,000 to ₹4,000 crores GDV.
- The company sees strong demand in key cities like Bangalore and NCR; ticket size sweet spots vary by location but generally support healthy sales velocity.
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Profitability & Margins
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Capital Expenditure Plans
- In 9 months FY ’25, Sobha Limited incurred capex of ₹1,241 million, a 46.54% increase from the previous year, supporting increased area under construction and new project launches.
- Significant net land outflow of ₹6.33 billion was spent, more than double last year's period, reflecting commitment to deploying growth capital.
- New land acquisitions include 5 to 5.5 million square feet with a projected GDV of ₹6,000 crores at an average price of ₹12,000 per sq ft, spread across Greater Noida, Mumbai, Chennai, Bangalore, and Pune.
- Rights issue proceeds are being used partly to reduce debt (~₹900 crores) and partly to fund growth capital for land acquisitions and business development.
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Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Sobha Limited's contracts and manufacturing segment revenue for the quarter was about ₹160 crores.
- Expected to stabilize at a cumulative revenue of about ₹450-500 crores annually, with gross margins over net 15%.
- The company is reducing emphasis on civil contracts and some glazing contracts, having descoped some projects this quarter.
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Sobha Ltd — Quarterly revenue & net profit
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
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Sobha Ltd Q3 FY25 results?
Sobha Limited aims to reach or exceed last year's presales of ₹4,440 crores for FY ’25, with hopes to improve with new launches in Bangalore and other cities. - Launches this year have cumulatively reached 4.66 million sq. Sobha Limited expects margin improvement from Q4 FY25 and better margins from next financial year, driven by completion of real estate projects and easing contractual losses.
What is Sobha Ltd share price analysis?
Sobha Ltd currently shows a neutral. The stock trades at a P/E of 63.1 with a market cap of ₹14,554 Cr. Investors should review the full earnings analysis for detailed insights.
Is Sobha Ltd planning capital expenditure?
In 9 months FY ’25, Sobha Limited incurred capex of ₹1,241 million, a 46.54% increase from the previous year, supporting increased area under construction and new project launches.
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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.