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Sobha reports record Q1 sales of ₹2,079 Cr, selling 1.44 Mn sft, with real estate collections hitting a high of ₹1,599 Cr. The company maintains a strong net-debt negative position of ₹687 Cr, underlining its financial health. Operational expansion into Greater Noida through a successful launch boosted NCR sales. Total revenue reached ₹901 Cr, resulting in ₹14 Cr PAT. Note: EBITDA margin was impacted by delayed Bangalore project occupancy certificates. Future revenue visibility stands at ₹17,245 Cr from existing sales.