Sobha Ltd

Average price realization jumped 4.91% YoY to Rs 11,781 per square feet in Q4 FY25. The realtor's share in sales value stood at Rs 1,370.2 crore in Q4 FY25, 7% YoY and 9.62% QoQ. In Q4 FY25, new sales area stood at 1.55 million square feet (sft), registering growth of 16.34% over Q4 FY24 and 53.31% over Q3 FY25. During the quarter, the company launched two projects, with a total saleable area of 4.11 million square feet (mn sft.), SOBHA Madison Heights and SOBHA Hamptons offers combined saleable area of 3.67 million square feet, while Chartered Birdsong, offers a saleable area of 0.44 mn sft. In FY25, the company recorded sales value of Rs 6,27,700 crore with a sold area of 4.68 million square feet and an average price of Rs 13,412 per square foot. Bangalore contributed 58.0% and Gurgaon 19.9% to the total. SOBHA is the real-estate company. It offers international quality homes, and commercial and contractual projects. The company's consolidated net profit jumped 43.8% to Rs 21.69 crore on 78.7% increase in net sales to Rs 1,224.09 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

Profit before tax stood at Rs 29.46 crore in the third quarter of FY25, up 37.92% from Rs 21.36 crore recorded in the same period a year ago. EBITDA stood at Rs 100 crore in the December 2024 quarter, registering a decline of 2.91% compared with Rs 103 crore in Q3 FY24. EBITDA margin stood at 8% in Q3 FY25 as against 14.4% posted in Q3 FY24. On the segmental front, revenue from real estate stood at Rs 1,062.70 crore, registering a 103.91% YoY growth. On the other hand, revenue from contractual and manufacturing activities was Rs 214.60 crore, marking a growth of 8.18% YoY during the period under review. During Q3 FY25, real estate collections were at Rs 1,062.7 crore, up 104% YoY and average price realization stood at Rs 13,663 per sft, up by 16.5% YoY. On a nine-year basis, the company's consolidated net profit jumped 27.92% to Rs 53.83 crore in 9M FY25 as against Rs 42.08 crore posted in 9M FY24. However, revenue from operations advanced 19.88% YoY to Rs 2,798.08 crore in 9M FY25. Jagadish Nangineni, managing director, said, 'Our financial and operational strength has significantly increased this year with the rights issue and improved visibility. We embark on entering three new cities ' Greater Noida, Hosur and Mumbai in the next year, increasing our footprint to fifteen cities in the country. This reaffirms our commitment to delivering highquality homes to a broader customer base while maintaining financial prudence. With the real estate sector on a steady growth trajectory, we are poised for significant momentum with upcoming project launches. As we move forward, we remain focused on excellence in execution, ensuring that every home we deliver upholds the Sobha promise of superior craftsmanship and design. Our unwavering dedication to quality will continue to guide our growth and strengthen our leadership in the real estate sector.' Sobha is engaged in the business of real estate construction, development, sale, management and operation of all or any part of townships, housing projects, commercial premises and other related activities. The company is also engaged in manufacturing activities related to interiors, glazing and metal works and concrete products, which also provide backward integration to Sobha's turnkey projects.Powered by Capital Market - Live

Net profit of Sobha rose 43.83% to Rs 21.69 crore in the quarter ended December 2024 as against Rs 15.08 crore during the previous quarter ended December 2023. Sales rose 78.72% to Rs 1224.09 crore in the quarter ended December 2024 as against Rs 684.93 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1224.09684.93 79 OPM %5.4910.82 - PBDT52.7441.49 27 PBT29.4621.36 38 NP21.6915.08 44 Powered by Capital Market - Live

Sobha will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

Sobha Ltd fell 2.57% today to trade at Rs 1334.65. The BSE Realty index is down 1.84% to quote at 7450.05. The index is down 11.82 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd decreased 2.41% and Brigade Enterprises Ltd lost 2.12% on the day. The BSE Realty index went up 6.95 % over last one year compared to the 5.6% surge in benchmark SENSEX. Sobha Ltd has lost 15.6% over last one month compared to 11.82% fall in BSE Realty index and 6.7% drop in the SENSEX. On the BSE, 168 shares were traded in the counter so far compared with average daily volumes of 9312 shares in the past one month. The stock hit a record high of Rs 2178.74 on 18 Jun 2024. The stock hit a 52-week low of Rs 1175.43 on 18 Mar 2024.Powered by Capital Market - Live

Sobha Ltd lost 2% today to trade at Rs 1569.45. The BSE Realty index is down 0.23% to quote at 8332.79. The index is up 4.69 % over last one month. Among the other constituents of the index, Macrotech Developers Ltd decreased 0.92% and Godrej Properties Ltd lost 0.84% on the day. The BSE Realty index went up 34.68 % over last one year compared to the 8.86% surge in benchmark SENSEX. Sobha Ltd has lost 5.98% over last one month compared to 4.69% gain in BSE Realty index and 1.46% drop in the SENSEX. On the BSE, 564 shares were traded in the counter so far compared with average daily volumes of 6291 shares in the past one month. The stock hit a record high of Rs 2178.74 on 18 Jun 2024. The stock hit a 52-week low of Rs 949.38 on 29 Dec 2023.Powered by Capital Market - Live

Sobha has received reaffirmation in credit ratings from ICRA for long term debt instruments and proposed NCDs at ICRA AA-; Stable. Powered by Capital Market - Live

Revenue from operations jumped 25.94% YoY to Rs 933.59 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 36.23 crore in Q2 FY25, up 46.85% from Rs 24.67 crore recorded in the same period a year ago. The company's EBITDA grew marginally to Rs 109 crore in Q2 FY25 as compared with Rs 108 crore reported in Q2 FY24. In Q2 of FY25, the company sold 464 homes, covering a total area of 929,907 square feet (sft) across all regions. The sales generated a total value of Rs 1,179 crore, with an average realization of Rs 12,674 per square foot. On the segmental front, revenue from real estate stood at Rs 781.35 crore, registering a 43.72% YoY growth. In contrast, revenue from contractual and manufacturing activities was Rs 181.24 crore, marking a decline of 22.92% YoY during the period under review. On half-year basis, the company's consolidated net profit jumped 19.07% to Rs 32.15 crore in H1 FY25 as against Rs 27 crore posted in H1 FY24. However revenue from operations declined 4.55% YoY to Rs 1,573.98 crore in H1 FY25. Jagadish Nangineni, managing director, SOBHA said, 'Our Q2 FY25 performance reflects continued strength in our operations, fueled by our team's efforts across functions and sustained demand in residential real estate. The geographical diversification of our project portfolio is paying rich dividends, with the ability to cater to demand across all our eleven operating cities. With solid financial strength of the company, post successful completion of rights issue, coupled with deep operational expertise & international brand recognition, we are effectively positioned to ride the growth wave. Our focus on delivering benchmark quality residences, construction products and services through our unique backward integrated operating model would continue to be our mainstay as we pursue scale.' Meanwhile, The company's board has approved the issuance of Non-convertible Debentures aggregating to not more than Rs 400 crore in one or more tranches in a dematerialised form, to be issued on a private placement basis and delegated power to Investments and Borrowings Committee (IBC) to decide further on issuance of Non- Convertible Debentures. Sobha is engaged in the business of real estate construction, development, sale, management and operation of all or any part of townships, housing projects, commercial premises and other related activities. The company is also engaged in manufacturing activities related to interiors, glazing and metal works and concrete products which also provides backward integration to Sobha's turnkey projects. The scrip rose 0.33% to Rs 1,537.25 on the BSE. Powered by Capital Market - Live

Sobha Ltd rose 3.52% today to trade at Rs 1586.05. The BSE Realty index is up 1.64% to quote at 7517.67. The index is down 8.19 % over last one month. Among the other constituents of the index, Brigade Enterprises Ltd increased 2.83% and Phoenix Mills Ltd added 2.66% on the day. The BSE Realty index went up 36.93 % over last one year compared to the 18.34% surge in benchmark SENSEX. Sobha Ltd has lost 8.95% over last one month compared to 8.19% fall in BSE Realty index and 4.14% drop in the SENSEX. On the BSE, 687 shares were traded in the counter so far compared with average daily volumes of 7056 shares in the past one month. The stock hit a record high of Rs 2178.74 on 18 Jun 2024. The stock hit a 52-week low of Rs 818.73 on 15 Nov 2023.Powered by Capital Market - Live

Net profit of Sobha rose 74.52% to Rs 26.09 crore in the quarter ended September 2024 as against Rs 14.95 crore during the previous quarter ended September 2023. Sales rose 25.95% to Rs 933.59 crore in the quarter ended September 2024 as against Rs 741.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales933.59741.24 26 OPM %8.2610.18 - PBDT59.4543.98 35 PBT36.2324.67 47 NP26.0914.95 75 Powered by Capital Market - Live