SOBHA Limited Q4 FY26 Record Sales, Margin Outlook

SOBHA reported record annual real estate sales of ₹8,136 crore, a 30% YoY growth, with an average price realization of ₹14,675 per sq. ft.
The company maintains a net cash position of -₹800 crore and has an unrecognized revenue backlog of ₹18,647 crore with an expected EBITDA margin of 30%+.
Management guided for a similar 30% sales growth in FY27, planning ~10 million sq. ft. of new launches including key projects in Hoskote and Gurgaon.
Q4 FY26 PAT was ₹92 crore (FY26: ₹193 crore), with significant P&L margin improvement expected in FY27 driven by project completions.