From mint · Harsha Jethmalani · · 1m
Sobha Beats FY27 Pre-Sales Guidance
Sobha's Q2FY27 pre-sales surge to ₹2,206 crore, poised to exceed full-year target.
In brief
Sobha's Q2FY27 pre-sales surge to ₹2,206 crore, poised to exceed full-year target. Sobha's Q2FY27 pre-sales rose 16% YoY to ₹2,206 crore, meeting 59% of FY27 guidance with strong Bengaluru and Gurugram traction. Originally reported by mint.
Sobha Q2FY27 Pre-Sales
Sobha's Q2FY27 pre-sales rose 16% year-on-year to ₹2,206 crore, its second-highest quarterly figure.
“Sobha's Q2FY27 pre-sales rose 16% year-on-year to ₹2,206 crore, its second-highest quarterly figure”
Record First-Half Performance
Pre-sales reached ₹5,862 crore in H1FY27, up 47% year-on-year, the highest half-yearly sales by value.
“Pre-sales touched ₹5,862 crore in H1FY27, up 47% year-on-year, the highest half-yearly sales by value”
Bengaluru and Gurugram Traction
Bengaluru contributed almost 58% to pre-sales in H1, followed by National Capital Region (34%).
“Bengaluru contributed almost 58% to pre-sales in H1, followed by the National Capital Region (34%)”
Q2 Project Launches
Sobha Boulevard in Mysuru and Sobha Bellevue in Kozhikode drove Q2 pre-sales growth.
“Sobha Boulevard, a premium plotted development project in Mysuru, and Sobha Bellevue, a super-luxury residential development in Kozhikode in Kerala”
HDFC Securities Outlook
HDFC Securities expects ₹6,000 crore of new launches in Q3, requiring ₹4,140 crore in H2 pre-sales to hit ₹10,000 crore guidance.
“HDFC Securities expects ₹ 6,000 crore of new launches in Q3 including projects in Bengaluru, Gurugram and Hyderabad”
Margin Improvement Potential
Ongoing projects have higher mix of high-margin projects expected to boost margins from Q3.
“Ongoing projects have a higher mix of high-margin projects, which are expected to come up for recognition from H2, and this can help an uptick in margins from Q3”
In short
Sobha's Q2FY27 pre-sales rose 16% YoY to ₹2,206 crore, meeting 59% of FY27 guidance with strong Bengaluru and Gurugram traction.
