Sobha Limited — Updates, 14-11-2024: Press Release

**Financial Highlights:** Sobha Limited reported a strong performance for Q2 FY-25, with a PAT of ₹261 million, reflecting a 74% year-on-year increase and a notable 3.3 times rise compared to the previous quarter. Net revenue reached ₹9,653 million, marking a 44% sequential growth and a 25% increase year-on-year. Real estate collections amounted to ₹12,227 million, and the net debt-to-equity ratio improved further to 0.08, indicating robust financial health.

**Strategic Initiatives and Growth Drivers:** The company's operational success is attributed to significant project completions and a diversified project portfolio across 11 cities, enabling it to effectively meet sustained residential demand.

**Sales Performance:** Quarterly sales surged to ₹11.78 billion, supported by an average price realization of ₹12,674 per square foot, up 24% year-on-year. In Q2-25, Sobha sold 0.93 million square feet, with Kerala achieving record quarterly sales of 0.30 million square feet valued at ₹3,381 million.

**Market Position and Competitive Advantage:** Sobha's backward integration model underpins its ability to deliver high-quality homes on time, enhancing its market positioning as a national brand with a commitment to quality and transparency.

**Investor Implications:** With its solid financial performance and operational expertise, Sobha Limited is well-positioned for growth in the competitive real estate market, signaling a positive outlook for investors.