Sobha Limited · NSE:SOBHA
Sobha — Q2 FY2027 Earnings Presentation
34 slides from Sobha's earnings presentation, Oct 19, 2026
Slide 1: Exchange filing cover letter for Investor Presentation
Date: October 19, 2026 Department of Corporate Services The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No C/1, G Block PJ Towers, Dalal Street Bandra Kurla Complex Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 532784 Scrip Code: SOBHA Dear Sir/Madam, Sub: Investor Pres
Slide 2: Investor Presentation Q2 FY 2027
Investor Presentation Q2 FY 2027 SOBHA Bellevue, Calicut
Slide 3: Built on Passion: Committed to Perfection
Built on Passion: Committed to Perfection “ 1995 Visionary At SOBHA, our passion for ▦ Founding Year ♙ Leadership excellence drives everything we do. We create enduring Founded by Mr. PNC Menon with a vision to redefine quality and excellence spaces through uncompromising quality, engineering excell
Slide 4: Transforming Strength to Sustainable Performance
Transforming Strength to Sustainable Performance Built on a foundation of execution excellence, financial resilience and principles of disciplined growth Excellence at Scale Proven Track Record Future Value Drivers Project Pipeline & Outlook ➢ 14.47 Mn sft Q2 FY27 Inventory with a sale value of ₹ 22
Slide 5: H1 FY2027 Highlights
H1 FY2027 H I G H L I G H TS
Slide 6: Performance Highlights H1 FY27
Performance Highlights H1 FY27 Expansion anchored by stable financial footing, record sales, and healthy balance sheet RE Sales SOBHA Share New Launches Completions ₹58.62 Bn ₹48.74 Bn 7.92 Mn Sft 2.56 Mn sft 83.1% of total sales Saleable Area 1,391 homes Saleable Area: 3.76 Mn Sft Units: 2,260 5 Pr
Slide 7: Launched 5 projects measuring 7.92 Mn Sft H1 FY27
Launched 5 projects measuring 7.92 Mn Sft H1 FY27 Mysuru Calicut OMR, East Bangalore Sector 63A, Gurgaon Chikka Tirupati, Bangalore SBA : 198,536 sft SBA : 829,400 sft SBA : 5,393,060 sft SBA : 869,578 sft SBA : 625,172 sft Land : 10 acres Land : 4.3 acres Land : 47.4 acres Land : 6.2 acres Land : 2
Slide 8: Awards and recognition H1 FY27
Awards and recognition H1 FY27 21st Construction 17th CIDC Vishwakarma QCFI 9th Conclave Fire and Life Safety Times Real Estate Award 2026 compliance Award World Architect & 2026 Award 2026 FY 25 -26 Builder Award 2026 SOBHA awarded as the fastest SOBHA Contracts honored for SOBHA received GOLD Awar
Slide 9: Sales & Operations
‘Sales & Operations
Slide 10: New record in half yearly RE sales
New record in half yearly RE sales | Rs.58.62 Bn Q2 FY27 H1 FY27 Q2 FY27 (₹ Bn) H1 FY27 (₹ Bn) Total (sft) 1,421,454 3,756,940 13.18 33.85 Bangalore Bangalore Sales Value (₹ Bn) 22.06 58.62 12.90 32.12 Sobha’s Share (₹ Bn) 18.82 48.74 5.90 19.74 NCR* NCR* Realization (₹ / sft) 15,522 15,604 3.39 12.
Slide 11: RE Sales Performance by Price Segment
RE Sales Performance by Price Segment H1 FY26 vs H1 FY27 Sales value by Price Segment (₹ Bn) Q2 FY27 Sales Value Mix by Price Segment H1 FY26 H1 FY27 21.16 > ₹5 Cr., 26.2% 16.58 16.18 5,770 10.21 11.48 9.80 7.43 5.60 > ₹3 - ₹5 Cr., 23.1% 5,100 ₹22.06 Bn Total Sales Value < ₹2 Cr. ₹2 - ₹3 Cr. > ₹3 -
Slide 12: Q2 & H1 Real Estate project completion
Q2 & H1 Real Estate project completion Q2 FY27 H1 FY27 City / Region Projects No. of Units SBA (sft) No. of Units SBA (sft) SOBHA Dream Garden (W-10), SOBHA Neopolis (W-18), SOBHA Oakshire, SOBHA Victoria Park (W3 & W5), SOBHA Bangalore 354 730,287 859 1,444,829 Royal Crest (W1& W3), SOBHA Brooklyn
Slide 13: Snapshot of Real Estate development portfolio
Snapshot of Real Estate development portfolio SBA | Mn sft Completed Ongoing Completed Ongoing Forthcoming Forthcoming Region Developed Developable 69.58 Mn sft 33.12 Mn sft 20.42 Mn sft SBA SBA * SBA Delivered SBA, all regions SBA under construction Launch over 6-8 quarters Area^ Area^ Bangalore* 7
Slide 14: Projected RE Project Level Marginal Cashflow
Projected RE Project Level Marginal Cashflow Completed Ongoing – Ongoing – Particulars Unit Total Total Receivable Projects Released Unreleased AREA STATEMENT ₹318.14 Bn Total Saleable area mn sft 22.09 29.04 3.70 54.83 SOBHA share of Saleable area (A) 20.87 28.36 3.69 52.93 Completed & Ongoing mn s
Slide 15: RE Inventory visibility
RE Inventory visibility Inventory by status Forthcoming projects by region SBA Total Sales Value SBA Status City / Region Projects (Mn sft) (₹ Bn) (Mn sft) Completed projects 0.31 2.99 Bangalore 8 10.91 Ongoing projects – Released 10.47 173.16 Gurgaon 2 2.85 Ongoing projects – Unreleased 3.69 52.57
Slide 16: Developable Land Bank for future growth
Developable Land Bank for future growth Forthcoming & Subsequent Land Bank Developable Potential (SBA) SOBHA Share 347 acres 35.97 Mn sft 78.8% Across 8 Cities Forthcoming + Subsequent Blended across projects Regions, Acres,% contribution Forthcoming Subsequent City / Region* Total Gurgaon; Projects
Slide 17: Financials
Financials
Slide 18: Cashflow Performance H1 FY27
Cashflow Performance H1 FY27 ₹ Bn Total Operational Cash Inflow Real Estate Cash Inflow Key Highlights Highest ever half yearly Operational inflows during H1 FY27 38.24 40.09 34.44 36.78 of ₹40.09 Bn, up by 4.8% YoY Real estate collections at ₹36.78 Bn; Contracts & Manufacturing at ₹3.31 Bn Project
Slide 19: Consistent Cashflow over the quarters
Consistent Cashflow over the quarters: Highest quarterly collections in Q2 FY 27 Total Operational Inflow (Q2 FY27) RE Cash Inflow (Q2 FY27) Construction Outflow (Q2 FY27) Net Operational Cashflow (Q2 FY27) ₹20.84 Bn ₹19.22 Bn ₹8.26 Bn ₹4.42 Bn 1.9% vs Q2 FY26 4.1% vs Q2 FY26 11.7% vs Q2 FY26 (13.9)
Slide 20: Consolidated Cashflow Statement
Consolidated Cashflow Statement ₹ Mn Particulars Q2-27 Q1-27 Q2-26 H1-27 H1-26 FY-26 Operational Cash Inflow Real Estate Operations 19,215 17,561 18,459 36,777 34,445 70,668 Contractual & Manufacturing 1,627 1,683 1,999 3,310 3,798 7,317 Total Operational Cash Inflow (A) 20,842 19,244 20,458 40,086
Slide 21: Consolidated Cashflow Statement (Continued)
Consolidated Cashflow Statement (Continued) ₹ Mn Particulars Q2-27 Q1-27 Q2-26 H1-27 H1-26 FY-26 Financial Inflow Rights Issue Proceeds (D) - - - - 6 12 Financial Outflow Finance Related Outflow 256 222 235 478 436 879 Dividend 641 0 321 642 321 322 Total Financial Outflow (E) 897 223 557 1,120 757
Slide 22: Net cash position with competitive interest cost
Net cash position with competitive interest cost Net Debt H1 FY27 D/E Ratio H1 FY27 Finance Outflow H1 FY27 Interest Cost (₹3.22) Bn (0.07) ₹478 Mn 7.75% Net cash positive from 0.66 in FY23 10% increase YoY Repo rate: 5.25% Net debt and D/E ratio Finance Related Outflows (₹ Mn) 1.20 38 1.00 0.66 Net
Slide 23: Profit & Loss H1 & Q2 FY27
Profit & Loss H1 & Q2 FY27 Total Revenue RE Revenue EBITDA Profit After Tax* (H1 FY27) (H1 FY27) (H1 FY27) (H1 FY27) ₹23.47 Bn ₹18.59 Bn ₹2.48 Bn ₹0.84 Bn H1 FY26 ₹23.71 Bn H1 FY26 ₹18.89 Bn H1 FY26 ₹2.31 Bn H1 FY26 ₹0.86 Bn Key Takeaways 14.69 Q2 FY26 Q2 FY27 • Total revenue recorded in H1 FY27 was
Slide 24: Profit & Loss Statement Q2 & H1 FY27
Profit & Loss Statement Q2 & H1 FY27 ₹ Mn Particulars Q2-27 Q1-27 Q2-26 H1-27 H1-26 FY-26 Real Estate Revenue 7,490 11,068 11,990 18,558 18,887 44,197 Contractual & Manufacturing Revenue 2,249 1,713 2,086 3,962 3,709 7,708 Other Income 433 520 617 953 1,112 1,933 Total Income 10,172 13,302 14,693 23
Slide 25: Consolidated Balance Sheet as on 30 September 2026
Consolidated Balance Sheet as on 30 September ‘26 th ₹ Mn Assets 30-Sep-26 30-Jun-26 31-Mar-26 Equity & Liabilities 30-Sep-26 30-Jun-26 31-Mar-26 Non-current Assets 32,490 31,579 32,564 Non-current Liabilities 7,511 5,198 5,340 Fixed Assets 7,248 6,856 6,549 Investment Property 4,762 4,472 4,486 Fin
Slide 26: Contracts & Manufacturing
Contracts & Manufacturing Total Revenue Contracts Revenue Manufacturing & Retail Total Collections Ongoing Contractual Revenue BUA (Mn sft) Total BUA projects (Civil) ₹ 3.96 Bn ₹ 1.87 Bn ₹ 2.09 Bn ₹ 3.31 Bn Karle SEZ Projects 2.54 6.8% YoY 4.5% YoY 7.2% YoY (12.9)% YoY ₹ Bn) 3.24 Mn sft Jana Seva Tr
Slide 27: Commercial Rental Portfolio
Commercial Rental Portfolio ONGOING PROJECTS SOBHA City Mall, Thrissur Project Name Leasable Area (sft) SOBHA Share (sft) Total Leasable Area SOBHA Altus – Retail, Gurgaon 172,636 112,213 322,977 sft SOBHA Strada – Retail, Gurgaon 82,691 52,509 SOBHA Share Area: 280,820 sft SOBHA Metropolis – Retail
Slide 28: Project Updates
| Project Updates
Slide 29: Project Completion Q2 FY27
Project Completion Q2 FY27 Bangalore Bangalore Bangalore Bangalore Wing 18 – 2B+ G+ 18 floors Wing 1 – 2B+ G+ 3S+ 14 floors Wing 10– B+ G+ 23 floors Wing5 – 2B+ G+ 9 floors SBA – 185,377 sft SBA – 215,513 sft SBA – 118,995 sft SBA – 107,105 sft 81 homes 75 homes 96 homes 72 homes • Completion is tak
Slide 30: Project Completion Q2 FY27 (continued)
Project Completion Q2 FY27 (continued) Bangalore Gurgaon Kochi Kochi SBA – 103,296 sft Tower D2 & Z1 – B+ S+ 17 floors Block 3 – 4S+ 24 floors Wing E5 – 2S+ 25 floors 30 rowhouses SBA – 316,399 sft SBA – 222,069 sft SBA – 217,483 sft 114 homes 142 homes 110 homes 29
Slide 31: Ongoing Projects Q2 FY27
Ongoing Projects Q2 FY27 Bangalore 7 Wings – 2B+ S+ 41 floors Bangalore Bangalore Bangalore 4 Wings – G+ 3S+ 33 floors 18 Wings – G+ 18 floors Plotted Development SBA – 1,581,452 sft 1120 homes SBA – 805,630 sft SBA – 3,255,256 sft SBA – 441,582 sft 396 homes 1800 homes 264 homes 30
Slide 32: Ongoing Projects Q2 FY27 (continued)
Ongoing Projects Q2 FY27 (continued) Greater Noida Gurgaon GIFT City Thrissur 2 Blocks – 3B+ G+ 35/ 45 floors 3 Towers – 3B+ 1S+ 2R+ 26/ 11 floors 2 Towers – 2B+ 3S+ 27 floors 6 Blocks – G+ 21/ 23/ 25 floors SBA – 701,051 sft SBA – 938,202 sft SBA – 320,667 sft SBA – 1,130,615 sft 524 homes 293 home
Slide 33: Board of Directors
Board of Directors Srivathsala K Nandagopal, Independent Director Ravi PNC Menon, Chairman Serial entrepreneur, Founder of 4 companies with 24+ years of experience in the real estate and businesses spanning Angel Investing, Financial planning construction business for HNIs and Strategic Business adv
Slide 34: Thank You
SOBHA Corporate Office ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80- 49320000 www.SOBHA.com Investor’s Contact THANK YOU K Balamurugan Tel: +91-80-49320000 Ext. 6201 Email: balamurugan.k@SOBHA.com Disclaimer: The information