What was Sobha's revenue in Q4 FY26?

Sobha reported revenue of ₹1,988 Cr in Q4 FY26, a — change year-over-year.

Did Sobha management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Sobha Q4 FY26 Research Workspace: Revenue ₹1,988 Cr (—)

Q: What guidance did Sobha management give?

Pre-sales growth of ~30% in FY27: Management expects similar growth rate as FY26, with 45-50% from sustenance and 50-55% from new launches.

Revenue ₹1,988 Cr

EBITDA ₹194 Cr

PAT ₹92 Cr

EBITDA Margin 8%

Duration 59 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Sobha reported record full-year pre-sales of ₹8,136 crore, up ~30% YoY, driven by strong performance in Bangalore (₹4,500 crore) and NCR (₹2,450 crore). Q4 revenue recognition improved to ₹2,300 crore aided by delayed occupancy certificates, with EBITDA of ₹194 crore and PAT of ₹92 crore. The company ended the year net cash positive with gross debt of ₹2,200 crore and cash of ₹1,800 crore. Management guided for similar ~30% pre-sales growth in FY27, targeting launches of ~10 million sq ft (GDV ~₹15,000 crore), including the large Hoskote project (5.3 msf, GDV ₹7,000 crore). EBITDA margins are expected to improve to 24-26% in H2 FY27 as higher-margin projects complete. Key risk: input cost inflation from geopolitical tensions could pressure margins if not offset by price increases.

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Risk Intelligence

Input cost inflation from geopolitical tensions

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Quarter Snapshot

Pre-sales (FY26) ₹8,136 Cr

+30% YoY

Record annual pre-sales driven by Bangalore and NCR regions.

Average Price Realization ₹14,675/sq ft

+9.4% YoY

Improved from ₹13,412/sq ft in FY25.

Launches (FY26) 6.04 msf

flat

Some launches delayed; FY27 target is ~10 msf.

Net Operating Cash Flow (FY26) ₹1,637 Cr

+39.4% YoY

Strong cash generation; FY27 target is ₹2,000 Cr.

Fast read

Guidance and risk preview

Top guidance Pre-sales growth of ~30% in FY27

Management expects similar growth rate as FY26, with 45-50% from sustenance and 50-55% from new launches.

Top risk Input cost inflation from geopolitical tensions

Commodity price increases may impact margins; management is in wait-and-watch mode and may not fully pass on costs.