Sobha Limited · NSE:SOBHA
Sobha — Q4 FY2026 Earnings Presentation
35 slides from Sobha's earnings presentation, May 4, 2026
Slide 1: Exchange filing cover letter
SOBHA Date: May 04, 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 Pr
Slide 2: Investor Presentation Q4 FY2026
SOBHA SOBHA Strada,Gurgaon SOBHA Aurum, Greater Noida SOBHA Inizio, Mumbai SOBHA Townpark,Bangalore Marina One, Kochi SOBHA Rivana, Greater Noida SOBHA Magnus, Bangalore Investor Presentation I Q4 FY2026
Slide 3: Strength in Motion
SOBHA STRENGTH IN MOTION • Unique backward integrated model powering in-house delivery of concept-to-completion • Execution track record of 580+ precision-built residential and commercial projects • Strengthened balance sheet with net-debt negative position • Diversified presence across multiple rea
Slide 4: Steady growth across parameters in last 5 years
SOBHA Steady growth across parameters in last 5 years ₹ Bn / % CAGR Total Revenue Total Cash Inflow Real Estate Sales 77.98 81.36 16.0% 53.84 14.4% 15.3% 39.82 38.70 26.45 c FY22 FY26 FY22 FY26 FY22 FY26 Profit After Tax Net Operating Cashflow Net Debt 23.37 16.37 1.93 13.8% 1.72 2.3% 8.59 FY26 FY22
Slide 5: Value Creation Pipeline – Beyond FY 2026
SOBHA Value Creation Pipeline – Beyond FY 2026 Disciplined Growth Framework Capital allocation and a sustainable expansion approach FY27 Inventory Forthcoming Projects Developable Land Potential remain central to strategy 10.53 Mn sft 20.67 Mn sft 40.91 Mn sft Operational Excellence Emphasis Focused
Slide 6: Q4 & FY26 Highlights
SOBHA SECTION 01 Q4 & FY26 HIGHLIGHTS
Slide 7: Performance Highlights | FY26
SOBHA Performance Highlights | FY26 Expansion anchored by stable financial footing, record sales, and a strong balance sheet RE SALES CASHFLOW P&L DEBT (31.03.2026) ₹81.36 Bn ₹77.98 Bn ₹53.84 Bn ₹10.02 Bn Sales Value Total Operational Cash Inflow Total Revenue Gross Debt Saleable Area: Net Operation
Slide 8: New Project Launches | Q4 FY26
SOBHA New Project Launches | Q4 FY26 SOBHA Rivana SOBHA Altair SOBHA Woods Whispering Hill c • Second residential project in Greater Noida, • Luxury project located in East Bangalore spread • Luxury project in Trivandrum, development is spread across 11.72 acres over land parcel of 3.31 acres spread
Slide 9: Sales & Operations
SOBHA SECTION 02 SALES & OPERATIONS
Slide 10: Achieved historic Sales Performance in FY26
SOBHA Achieved historic Sales Performance in FY26 FY26 New Sales Area (Mn Sft) Total Sales Value (₹ Bn) ▪ Achieved record sales of ₹81.36 Bn; SOBHA share at ₹67.06 Bn 81.36 ▪ Bangalore achieved highest-ever sales of ₹44.78 Bn (55% contribution) 30% 62.77 18% 5.54 ▪ NCR reached ₹24.55 Bn (30%), drive
Slide 11: Region wise sales performance | Q4 & FY26
SOBHA Region wise sales performance | Q4 & FY26 New Sales Area ( sft) Q4 FY26 (₹ Bn) FY26 (₹ Bn) Region Q4-26 FY26 10.37 44.78 Bangalore Bangalore Bangalore 683,942 3,148,414 8.85 38.26 NCR* 347,485 1,374,990 6.10 24.55 Kerala* 211,896 676,566 NCR* NCR* 4.08 19.12 c Tamil Nadu* 17,186 161,439 2.59 8
Slide 12: Sales Value by Price bands | Q4 & FY26
SOBHA Sales Value by Price bands | Q4 & FY26 FY26 vs FY25 Sales value by Price bands (₹ Bn) 5 Year trend in Price bands contribution ■ FY25 ■ FY26 8% 11% 32.25 25% 28% 29% 20% 27.16 33% 24.65 11% 16% 18.36 30% 12.78 9.91 9.85 9.17 72% 64% 39% 40% 42% 16% 16% < ₹2 Cr. ₹2 - ₹3 Cr. > ₹3 - ₹5 Cr. >₹5 Cr
Slide 13: Real Estate project completion | Q4 & FY26
SOBHA Real Estate project completion | Q4 & FY26 Q4 FY26 FY26 City / Region Project SBA No. of Units SBA No. of Units SOBHA Drema Acres, SOBHA Dream Garden, SOBHA Galera, Bangalore SOBHA Manhattan Towers, SOBHA Royal Pavillion, SOBHA 1,164,179 846 3,379,152 2,253 Sentosa, SOBHA Victoria Park, SOBHA
Slide 14: Real Estate development portfolio
SOBHA Real Estate development portfolio Mn sft Completed Ongoing Note: Forthcoming Region ▪ Real Estate product mix includes Multi Storied Developed Developable SBA SBA SBA Apartments, Row Houses, Villas, Plotted Area Area Developments, Club House Facilities & commercial. Bangalore* 70.15 50.95 18.7
Slide 15: Projected Marginal Cashflow
SOBHA Projected Marginal Cashflow Particulars Unit Completed Ongoing – Ongoing – Total • Sobha share of saleable area refers Projects Released Unreleased to the area to be sold by SOBHA Total Saleable area Mn sft 19.21 25.36 2.55 47.12 from its owned and revenue sharing Sobha share of Saleable area
Slide 16: Inventory visibility - Ongoing & Forthcoming RE projects
SOBHA Inventory visibility - Ongoing & Forthcoming RE projects SBA (Mn sft), Sales value (₹ Bn) Inventory visibility – Real Estate Forthcoming projects - Residential and Commercial Sales Inventory status SBA City / Region No. of Projects SBA Value Completed projects 0.24 1.88 Bangalore 6 14.57 Ongoi
Slide 17: Developable Land Bank to support sustained growth
SOBHA Developable Land Bank to support sustained growth 409 Acres of Developable Land Bank (Acres, %) Forthcoming Subsequent City / Region* Total Projects Land Projects Land Bangalore 149 74 223 Bangalore, Gurgaon, 223, 55% 62, 15% Gurgaon 18 44 62 Kerala 8 - 8 Tamil Nadu 9 68 77 c Pune 7 27 34 Hyde
Slide 18: Cashflow & Financials
SOBHA SECTION 03 CASHFLOW & FINANCIALS
Slide 19: Cashflow performance | FY26
SOBHA Cashflow performance | FY26 ₹ Bn Total Operational Cash Inflow Real Estate Cash Inflow Highlights ▪ Operational inflows surge to ₹77.98 Bn (+26%) 77.98 26% 70.67 61.84 28% ▪ Real estate collections stands at ₹70.67 Bn; Contracts & 55.18 Manufacturing at ₹7.32 Bn ▪ Project outflows rise to ₹30.
Slide 20: Healthy and consistent cashflow growth over the quarters
SOBHA Healthy and consistent cashflow growth over the quarters Total Operational Cash Inflow (₹ Bn) Real Estate Cash Inflow (₹ Bn) 20.46 19.85 19.90 17.85 17.78 18.46 18.16 18.07 14.78 15.83 15.99 13.21 Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q4-26 c Q3-25 Q4-25 Q1-26 Q2-26 Q3-26 Q4-26 Real Estate Constructio
Slide 21: Consolidated Cashflow Statement | Q4 & FY26
SOBHA Consolidated Cashflow Statement | Q4 & FY26 ₹ Mn Particulars Q4-26 Q3-26 Q4-25 FY-26 FY-25 Operational Cash Inflow Real Estate Operations 18,066 18,156 15,834 70,668 55,184 Contractual & Manufacturing 1,831 1,689 2,014 7,317 6,657 Total Operational Cash Inflow (A) 19,897 19,845 17,848 77,985 6
Slide 22: Cashflow Statement | Q4 & FY26 (continued)
SOBHA Cashflow Statement | Q4 & FY26 (continued) ₹ Mn Particulars Q4-26 Q3-26 Q4-25 FY-26 FY-25 Financial Inflow Rights Issue Proceeds (D) - 6 9,966 12 19,961 Financial Outflow Finance Related Outflow 245 198 301 879 1,469 Dividend - - - 322 301 Total Financial Outflow (E) 245 c 199 301 1,200 1,770
Slide 23: Negative Net Debt with low interest cost
SOBHA Negative Net Debt with low interest cost Net debt and D/E ratio Finance Related Outflows (₹ Bn) 1.25 1.40 0.97 42 1.20 2,783 2,850 38 0.66 1.00 28.52 34 0.50 0.80 23.37 2,056 30 26 0.60 1,951 16.40 1,469 22 0.40 12.62 18 (0.14) 0.20 14 10 (0.17) - 879 (0 .20) 6 FY25 FY26 (0 .40) 2 (0 .60) (2)
Slide 24: Profit & Loss | FY26
SOBHA Profit & Loss | FY26 ₹ Bn Highlights Total Income Real Estate Revenue ▪ Total revenue recorded in FY26 was ₹53.84 bn, improved by 53.84 29% 44.20 41.63 29.3% compared to last year 31% 33.78 o Real estate business contributed ₹44.20 bn, grew by 30.8% compared to FY25 c o Contractual & Manufactu
Slide 25: Profit & Loss Statement | Q4 & FY26
SOBHA Profit & Loss Statement | Q4 & FY26 ₹ Mn Particulars Q4-26 Q3-26 Q4-25 FY-26 FY-25 Real Estate Revenue 17,868 7,442 10,591 44,197 33,782 Contractual & Manufacturing Revenue 2,013 1,986 1,815 7,708 6,605 Other Income 418 402 301 1,933 1,241 Total Income 20,299 9,831 12,707 53,838 41,628 less: T
Slide 26: Contracts & Manufacturing – Revenue & Operations
SOBHA Contracts & Manufacturing – Revenue & Operations ₹ Bn Ongoing Contractual projects (Civil) Particulars FY-26 FY-25 Projects BUA (Mn sft) Location Total 3.23 Revenue 7.77 6.61 Karle SEZ Projects 2.54 Bangalore Contracts 3.72 3.15 Jana Seva Trust Param 0.52 Bangalore Manufacturing & Retail 4.05
Slide 27: Commercial Portfolio
SOBHA Commercial Portfolio sft SOBHA City Mall, Thrissur Total Sobha Share Project Name Status Leasable Area Leasable area SOBHA City Mall, Thrissur Operational 322,964 280,805 1 SOBHA, Bangalore Operational 231,241 157,318 554,205 438,123 SOBHA Arcadia, Bangalore Ongoing 28,863 28,863 SOBHA Metropo
Slide 28: Consolidated Balance Sheet as on 31 March 2026
SOBHA Consolidated Balance Sheet as on 31 March 2026 ₹ Mn Assets 31-Mar-26 31-Dec-25 31-Mar-25 Equity & Liability 31-Mar-26 31-Dec-25 31-Mar-25 Non-current Assets 32,564 28,704 25,553 Non-current Liabilities 5,340 6,990 9,513 Fixed Assets 6,549 6,131 5,506 Investment Property 4,486 4,479 4,545 c Fin
Slide 29: Project Updates
SOBHA SECTION 04 PROJECT UPDATES
Slide 30: Project Completions – Q4 FY26
SOBHA Project Completions – Q4 FY26 c SOBHA Dream Acres SOBHA Dream Garden SOBHA CITY Athena SOBHA Galera Wing 21 & 22, Bangalore Wing 1B, 2A & 2B, Bangalore Bangalore Bangalore 2 wings – 2B+ G+ 14 floors 3 wings - B+ G+ 23 floors 1 wing - 2B+ G+ S+ 19 floors Rowhouses – 18 homes SBA – 237,727 sft (
Slide 31: Project Completions – Q4 FY26 (continued)
SOBHA Project Completions – Q4 FY26 (continued) ,.,_ , 4 '* I ,, ,1 ~-·- • - c BHA EDGE Sterling Infinia SOBHA Lake Edge SOBHA Meadows Whispering Hills SOBHA City Tower D1 Bangalore Thrissur Trivandrum Gurgaon 1 wing – 2B+ G+ 13 floors 1 wing– G+ 1+ 24 floors 1 wing – 1B+ 1S+ 12 floors 1 tower – B+
Slide 32: Ongoing Projects
SOBHA Ongoing Projects c SOBHA Hamptons SOBHA Infinia SOBHA Brooklyn Towers SOBHA Neopolis Bangalore Bangalore Bangalore Bangalore 6 wings – 2B+ 3S+ 41 floors 3 wings – 2B+ G+ 12/ 13 floors 5 wings – G+ 3S+ 33 floors 19 wings - 2B+ 3B+ G+ 18 floors SBA – 2,089,021 sft (984 homes) SBA – 699,209 sft (
Slide 33: Ongoing Projects (continued)
SOBHA Ongoing Projects (continued) c SOBHA Altus SOBHA Avlon SOBHA Atlantis SOBHA Aurum Gurgaon GIFT City Kochi Greater Noida 3 towers - 3B+ 1S+ 2R + 26/ 11 floors 2 towers – 2B+ 3S+ 27 floors 4 blocks – 4S+ 24 floors 2 blocks – 3B+ G+ 35/ 45 floors SBA – 808,235 sft (293 homes) SBA – 320,667 sft (2
Slide 34: Board of Directors
SOBHA Board of Directors Srivathsala K Nandagopal, Independent Director Ravi PNC Menon, Chairman Serial entrepreneur, Founder of 4 companies with 23+ years of experience in the real estate and businesses spanning Angel Investing, Financial planning construction business for HNIs and Strategic Busine
Slide 35: Thank You
SOBHA 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 c THANK YOU K Balamurugan Tel: +91-80-49320000 Ext. 6201 Email: balamurugan.k@sobha.com Disclaimer: The info