Sobha Ltd (NSE:SOBHA)

Q3 2025 Sobha Ltd Earnings Call Transcript

Feb 7, 2025 / 11:00 AM GMT

Release Date Price: ₹1287.15 (-1.85%)

Transcript

Key Points

Positve

Sobha Ltd (BOM:532784) reported a significant increase in total real estate sales value, with Bangalore contributing 72.1% of the total sales.
The company launched a new project, Ayana in Bangalore, adding 1.13 million square feet to its salable area.
Sobha Ltd has a strong residential pipeline of 21 million square feet across 19 projects and 10 cities.
The company plans to expand its operations to Greater Noida, Kour, and Mumbai, increasing its presence to 15 cities.
The real estate revenue yet to be recognized from already sold units stands at about 15,000 crores, with a profit before tax margin of about 28% at the project level.

Negative

The company faced delays in launching some projects, impacting its ability to meet pre-sales targets.
Reported margins for the quarter were lower than expected due to one-time losses in contractual projects.
There was a slower pace of sales in projects with higher ticket sizes, affecting overall sales velocity.
Interest costs have not decreased significantly despite an increase in cash balances.
The company has faced challenges in maintaining sales velocity in certain regions, particularly in projects with larger ticket sizes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SOBH.NS - Sobha Ltd
Q3 2025 Sobha Ltd Earnings Call
Feb 07, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Shobha Limited Q3 FY25 earnings conference call hosted by ICICI Securities.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

Please note that this conference is being recorded.

I now have the conference over to Mr. Adiev Chattapaa from ICIC Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]
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