SOBHA LIMITED

During the Q1 FY '27 earnings conference call, management reported that SOBHA achieved its highest ever quarterly real estate sales, with a sales value of INR 3,656 crores, marking a 76% year-on-year increase. The company sold 2.34 million square feet across 1,432 homes, with Bangalore contributing 57% of sales. Management highlighted successful project launches, including SOBHA One World and SOBHA Crescent, and noted a strong development pipeline with 20.77 million square feet planned for future launches. Financially, total income rose to INR 1,330 crores, a 48% increase year-on-year, and profit after tax reached INR 50.7 crores. The company maintained a net cash position of INR 659 crores and projected a net debt level of zero for the year. Management expressed optimism about sustaining growth momentum and delivering long-term value.

Management emphasized strong sales performance and a robust development pipeline.