SOBHA Sobha Q2 FY25 results (Jul–Sep 2024) and concall
Sobha reported a steady Q2 and H1 FY25, with real estate sales reaching ₹3,052 crores for the half-year and ₹1,179 crores for the quarter. Total revenue for H1 FY25 stood at ₹1,635 crores, yielding an EBITDA margin of 11.9%. The company significantly reduced its net debt to ₹280 crores by September 30, 2024, following a successful rights issue. Management outlined an aggressive launch pipeline of 5.5 million sq ft for H2 FY25 and 10 million sq ft for FY26, while also pursuing strategic expansion into new markets like Mumbai and Greater Noida.
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Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
