Sobha Limited — PPTs, 17-10-2025: Investor Presentation

SOBHA delivered a robust H1 FY26 with strong sales and financial results.

**Business Performance:** H1 FY26 sales value hit a record ₹3,981 Cr, up 30% YoY, with SOBHA's share at ₹3,254.2 Cr (+39% YoY), mainly from Bangalore and NCR. Total revenue rose 44.9% to ₹2,371 Cr, and real estate revenue climbed 50.3% to ₹1,889 Cr. Completed 2.25 Mn sft of projects. Profit After Tax (PAT) surged 168% to ₹86.1 Cr, with EBITDA up 18.7% to ₹231 Cr. Sales show a shift towards homes under ₹3 Cr and growing contributions from luxury segments (above ₹5 Cr).

**Growth Drivers or Strategy:** The company is expanding geographically (now 12 cities, including Greater Noida), enhancing capacity, and using operational technology for future growth. It holds a substantial 403-acre developable land bank with potential for 41.58 Mn sft.

**Recent Developments:** Launched 1.65 Mn sft across 3 projects in 2 cities. Credit rating outlook upgraded to AA- Positive by Ind-RA.

**Key Financial Metrics:** SOBHA achieved a net cash position of ₹751 Cr as of September 30, 2025. Record H1 operational cash inflow was ₹3,824 Cr, with net operational cash flow at ₹908.5 Cr. Unrecognized revenue from current sales stands at a strong ₹17,881 Cr.

**Management Commentary / Outlook:** Management highlights disciplined growth, with future receivables and unsold inventory comfortably covering costs for ongoing projects. New projects are expected over the next 6-8 quarters.