Sobha Limited — Investor Meet, 22-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sobha reports strong Q2 and H1 FY26 financial results, driven by luxury real estate demand. H1 sales value grew 30% YoY to 3,981 Cr, with Q2 sales at 1,902 Cr. Collections hit a historic high of 2,046 Cr in Q2, contributing to a 751 Cr net cash position.

Q2 EBITDA was 157 Cr (10.7% margin) and PAT 72.5 Cr (4.9% margin), impacted by a 27 Cr ground rent provision. Management anticipates significant margin improvement from FY27 as higher-margin projects complete, backed by 18,000 Cr in unrecognized revenue from sold units. Aggressive launches (8-9 million sq ft in H2) are planned across Bangalore, NCR, and Mumbai, reflecting confident growth prospects and operational efficiency.