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Sobha (SOBHA) investor relations material
Sobha Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record H1 FY26 sales value of ₹39.81 bn (INR 3,981 crore), with 2.84 mn sq ft sold and 81.7% share attributed to the company; strong Q2 performance driven by integrated sales and marketing, with Bangalore and NCR as key contributors.
Net cash position achieved, with net operational cash flow of ₹9.09 bn (INR 909 crore) in H1 FY26; board approved unaudited financial results for Q2 and H1 FY26.
Total revenue for H1 FY26 grew 44.9% year-over-year to ₹23.71 bn, with EBITDA of ₹2.31 bn (9.7% margin) and PAT of ₹0.86 bn (3.6% margin).
Expansion into Greater Noida and 12 cities, with 2.25 mn sq ft completed and 1.65 mn sq ft launched in H1 FY26.
Statutory auditors issued unmodified review reports for both standalone and consolidated results.
Financial highlights
Q2 total income: INR 1,469 crore; H1 total income: INR 2,371 crore; standalone revenue for Q2 FY26 was ₹14,833.70 million, up from ₹9,121.71 million in Q2 FY25.
Q2 EBITDA: INR 157 crore (margin 10.7%); H1 EBITDA: INR 231 crore (margin 9.7%); Q2 PAT: INR 72.5 crore (margin 4.9%); H1 PAT: INR 86 crore (margin 3.6%).
Consolidated revenue for Q2 FY26 was ₹14,076.16 million, with consolidated net profit of ₹725.27 million.
Q2 net operational cash flow: INR 513 crore; H1: INR 909 crore, up 79.1% year-over-year; net cash position at quarter end: INR 751 crore.
Q2 collections: INR 2,046 crore (historic high); H1 collections: INR 3,824 crore, up 30.9% year-over-year.
Outlook and guidance
Targeting launches of 8–9 million sq ft in FY26 across 7–8 projects, with a strong residential pipeline of 15.96–16.69 million sq ft and commercial pipeline of 0.74 million sq ft.
Guidance for FY26 pre-sales remains at INR 8,500 crore, with potential upside if momentum continues.
Inventory visibility of 26.98 mn sq ft and sales value of ₹395.05 bn, with 84.2% effective share in forthcoming projects.
Expecting improved margins as higher-margin projects are completed and recognized in the coming quarters and next financial year.
Management believes ongoing legal and regulatory matters will not have a material adverse impact on financial results.
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