Sobha532784Periodic business update

Record H1 FY27 sales value of Rs 58.62 bn, up 47.2%; revenue and PAT marginally lower

H1 FY27 sales value a record Rs 58.62 bn, up 47.2% YoY; Q2 FY27 Rs 22.06 bn.

By ScoutQuest · Mon 19 Oct 2026, 6:00 PM IST · 2 min read

47.2%

Q2 FY2716%H1 FY2747.2%

Sales value growth YoY: 16% (Q2 FY27) and 47.2% (H1 FY27).

H1 FY27 sales value: Rs 58.62 bn, up 47.2% YoY
H1 FY27 revenue and PAT: Revenue Rs 23.47 bn and PAT Rs 0.84 bn, down 2.6% YoY
Net debt: Rs. -3.40 bn (negative)

What was announced

The company issued a press release on its financial and operational performance for the quarter and half year ended September 30, 2026, covering both sales (bookings) and the reported financials.

Sales: a record half year

Sales value for H1 FY27 was Rs 58.62 bn, described as the highest ever, up 47.2% year-on-year.
Sales value for Q2 FY27 was Rs 22.06 bn, a 16% year-on-year increase.
Collections in H1 FY27 were Rs 40.09 bn, an all-time high, described as reflecting continued momentum in customer realisations.
The release attributes the performance to a strong response to new project launches and sustained demand across the existing portfolio, with launches across Bangalore, Gurgaon and Calicut.

Reported financials: revenue and profit

Revenue for H1 FY27 was Rs 23.47 bn, a marginal decline year-on-year.
PAT (profit after tax) for H1 FY27 was Rs 0.84 bn, a 2.6% year-on-year decline.
Net debt stood at Rs. -3.40 bn.

In plain terms: the value of homes booked grew strongly, while the revenue recognised in the accounts and the profit were slightly lower than a year earlier. Bookings and revenue are different measures — bookings record demand at the time of sale, whereas revenue is the income recognised in the accounts.

Net debt in plain words

A net debt figure of Rs. -3.40 bn is negative, which in ordinary usage means cash and liquid balances exceed borrowings, i.e. a net cash position. The release also states a Net Debt-to-Equity ratio of -0.07.

What management said

The Managing Director said the H1 FY27 performance, marked by record sales, reflects customer trust, the strength of the brand and execution of the business strategy. He said the company will build on the momentum in the second half, supported by planned project launches, a strong development pipeline and sustained demand for quality housing, with focus on execution efficiency and financial discipline.

What a retail investor can track from here

Whether record bookings convert into reported revenue and profit in the coming quarters.
Second-half momentum, which the release links to planned launches and the development pipeline.
Collections, which track the actual cash coming in from units already sold.

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