Q2 2026 Sobha Ltd Earnings Call Transcript
Key Points
- Sobha Ltd (BOM:532784) achieved a 30% increase in real estate sales value in the first half of the year compared to the same period last year.
- The company reported a historic high in quarterly collections, crossing the 200 crore milestone for the first time.
- Sobha Ltd (BOM:532784) has a strong residential pipeline of 15.96 million square feet across 13 projects in nine cities.
- The company has a clear visibility of future cash flow, expecting a total of 22,867 crore of future inflow from ongoing and forthcoming projects.
- The weighted average interest rate has decreased by 60 basis points during the quarter, indicating improved financial efficiency.
- The first half of the year saw slower project launches due to several external and internal issues.
- There was a provision of 27 crore made for ground rent demands from Bangalore authority, impacting the quarter's financials.
- Margins remain low due to high inflationary pressures and increased costs in joint development projects.
- The company faces execution challenges in balancing design quality, delivery timelines, and customer experience in a competitive market.
- Some forthcoming commercial projects have been delayed, with approvals and strategic rethinking causing setbacks.
Ladies and gentlemen, good day and welcome to Shoba Limited Q2 F 526 earnings conference call. 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 0 on your touchtone phone. Please note that this conference is being recorded. I now have the conference over to Mr. Saisa Ravikar.
Thank you and over to you, Mr. Ravika.
Good morning everyone. On behalf of ICSS Securities, I would like to extend a warm welcome to all the participants joining the SOA Limited quarter to 26 conference call today. We are pleased to have with us Mr. Jagdesh Nagini, the managing director, Mr. Yogesh Bansal, the Chief Financial Officer representing the management of SoA Limited.
Before we commence with the proceeding, I would like to take this opportunity to wish everyone a very happy Diwali. With that, I would like now like to
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