Performance Highlights H1 FY27

  • Completions: 2.56 Mn sft (1,391 homes across 17 Wings/Towers)
  • New Launches: 5 projects launched across 3 cities, measuring 7.92 Mn Sft
  • Debt Position (as of 30th Sept '26): Gross Debt: ₹15.05 Bn, Cash Balance: ₹18.27 Bn, Average Interest Cost: 7.75%, Net Debt: -₹3.22 Bn
  • Credit Ratings: Ind-RA AA- (Positive), ICRA AA- (Stable)

Sales & Operations

  • H1 FY27 Total Sales Value: ₹58.62 Bn (Record half-yearly sales)
  • H1 FY27 Sales Area: 3,756,940 sft
  • Sobha's Share of Sales Value: ₹48.74 Bn
  • Realization: ₹15,604 per sft (H1 FY27)
  • Regional Sales Breakdown (H1 FY27 Area in sft): Bangalore: 2,582,412, NCR (Gurgaon and Greater Noida): 801,030, Kerala (Kochi, Thrissur, Calicut, Trivandrum): 272,161, Tamil Nadu (Chennai, Coimbatore): 35,187, Other Regions (Gift City, Hyderabad, Mumbai, Pune): 66,149

Real Estate Project Completion (H1 FY27)

  • Total: 1,391 units across 2,562,218 sft
  • City-wise Completion:
  • Bangalore: 859 units, 1,444,829 sft
  • Gurgaon: 116 units, 322,983 sft
  • Kochi: 348 units, 662,385 sft
  • Trivandrum: 48 units, 95,993 sft
  • Chennai: 20 units, 36,028 sft
  • Out of the total completion, Occupancy Certificate (OC) for 7 Towers/Wings measuring 1.4 Mn sft is awaited.

Real Estate Development Portfolio Snapshot

  • Total Land Development Potential: 347 Acres across 8 Cities
  • Total Development Potential (SBA): 35.97 Mn sft
  • Developed Area (SBA): 69.58 Mn sft
  • Ongoing Area (SBA): 33.12 Mn sft
  • Forthcoming Area (SBA): 20.42 Mn sft

Projected RE Project Level Marginal Cashflow

  • Total Receivable from Sold and Unsold Stock: ₹318.14 Bn
  • Outstanding Receivables + Balance to be Billed: ₹132.95 Bn
  • Sobha Share's Sales Value of Unsold Stock: ₹185.19 Bn
  • Balance Cost to Incur (as on 30 Sept 2026): ₹192.97 Bn
  • Marginal Cashflow – Completed & Ongoing: ₹125.17 Bn
  • Marginal Cashflow – Forthcoming Projects (20.42 Mn sft): ₹72.31 Bn
  • Total Projected RE Project Level Marginal Cashflow: ₹197.48 Bn

RE Inventory Visibility

  • Completed Projects: 0.31 Mn sft, Total Sales Value: ₹2.99 Bn
  • Ongoing Projects – Released: 10.47 Mn sft, Total Sales Value: ₹173.16 Bn
  • Ongoing Projects – Unreleased: 3.69 Mn sft, Total Sales Value: ₹52.57 Bn
  • Completed & Ongoing Subtotal: 14.47 Mn sft, Total Sales Value: ₹228.72 Bn
  • Forthcoming Projects – Residential: 20.42 Mn sft, Sale Potential: ₹313.53 Bn
  • Total Inventory Visibility: 34.89 Mn sft, Total Sales Value: ₹542.25 Bn
  • Forthcoming Projects by Region: 18 projects across 8 cities, with Bangalore (8 projects, 10.91 Mn sft) being the largest.
  • SOBHA share in inventory of completed and ongoing projects is 84.4%.
  • SOBHA share in total forthcoming projects inventory is 73.9%.

Developable Land Bank for Future Growth

  • Total Developable Land Bank: 347 Acres across 8 Cities
  • Development Potential (SBA): 35.97 Mn sft
  • Forthcoming Projects Land: 156 Acres
  • Subsequent Projects Land: 191 Acres
  • SOBHA Share (Blended across projects): 78.8%
  • In addition, a total of 1,745 Acres of land bank (owned/JD/lease) is under various stages of consolidation, monetization, and self-use.

Financials - Cashflow Performance H1 FY27

  • Real Estate Collections: ₹36.78 Bn
  • Contracts & Manufacturing Collections: ₹3.31 Bn
  • Project Outflow: ₹16.51 Bn (increase of 13.4% YoY)
  • Sales & Marketing Spend: ₹1.91 Bn (increase of 76% YoY)
  • Net Operational Cashflow: ₹7.55 Bn (decrease of 19.1% YoY)
  • Land Investment: ₹9.87 Bn (increase of 56.2% YoY)
  • Net Cashflow after Land and Financial Outflow: -₹4.86 Bn

Consolidated Cashflow Statement (H1 FY27 in ₹ Mn)

  • Operational Cash Inflow: 40,086 (Real Estate Ops: 36,777; Contractual & Mfg: 3,310)
  • Operational Cash Outflow: 32,541
  • Net Operational Cashflow: 7,545
  • Net Financial Cashflow: -1,120
  • Net Cashflow after Financing Activities: 6,425
  • Capital Outflow: 11,286 (Net Land Payments: 9,870; Capex: 1,316; Investments: 100)
  • Net Cashflow (I-J): -4,861

Profit & Loss Statement (H1 FY27)

  • Total Revenue: ₹23.47 Bn (marginally lower by 1% YoY)
  • Real Estate Revenue: ₹18.59 Bn
  • Contractual & Manufacturing Revenue: ₹3.96 Bn
  • Other Income: ₹0.95 Bn
  • EBITDA: ₹2.48 Bn (up 7.7% YoY)
  • EBITDA Margin: 10.6%
  • PBT: ₹1.16 Bn
  • PBT Margin: 5.0%
  • PAT (excl. OCI): ₹0.84 Bn
  • PAT Margin: 3.6%
  • Balance Revenue to be Recognized from sales done till 30 Sept 2026: ₹220.41 Bn

Contracts & Manufacturing (H1 FY27)

  • Total Revenue: ₹3.96 Bn (up 6.8% YoY)
  • Contracts Revenue: ₹1.87 Bn (up 4.5% YoY)
  • Manufacturing & Retail Revenue: ₹2.09 Bn (up 7.2% YoY)
  • Glazing and Metal Works: ₹0.93 Bn
  • Interiors, Mattress and metercube: ₹0.67 Bn
  • Concrete Products: ₹0.49 Bn
  • Total Collections: ₹3.31 Bn (down 12.9% YoY)
  • Ongoing Contractual Projects (Civil): 3.24 Mn sft across all projects in Bangalore.

Commercial Rental Portfolio

  • Operating Portfolio NOI in Q2 FY27: ₹138 Mn
  • Operating Properties:
  • SOBHA City Mall, Thrissur: Leasable Area 322,977 sft (SOBHA Share: 280,820 sft)
  • 1 SOBHA, Bangalore: Leasable Area 231,240 sft (SOBHA Share: 157,317 sft)
  • SOBHA Arcadia, Bangalore: Leasable Area 30,902 sft (100% Ownership)
  • Ongoing Projects: 5 projects with total leasable area of 303,003 sft (SOBHA Share: 206,042 sft)
  • Forthcoming Projects: ICG – Office & Retail, Gurgaon with tentative leasable area of 962,296 sft (SOBHA Share: 962,296 sft)

Board of Directors

Key members listed include Ravi PNC Menon (Chairman), Jagadish Nangineni (Managing Director), Nisanth M N (Deputy Managing Director), and Independent Directors Srivathsala K Nandagopal, Raman Mangalorkar, Subba Rao Amarthaluru, and Gopal B Hosur, along with their qualifications and experience.

Disclaimer

The presentation contains forward-looking statements and publicly available data regarding future development schedules, business plans, and capital expenditure expectations, which involve risks and uncertainties that could cause actual results to differ.