SOBHANSE6 February 2025

Sobha Limited has informed the Exchange about investor presentation for the quarter ended December 31, 2024

Sobha Limited

SOBHA

Department of Corporate Services BSE Limited PJ Towers, Dalal Street Mumbai – 400 001 Scrip Code: 532784 & 890205

The National Stock Exchange of India Limited Exchange Plaza, Plot No C/1, G Block Bandra Kurla Complex Mumbai – 400 051 Scrip Code: SOBHA & SOBHAPP

Date: February 06, 2025

Dear Sirs/Madam(s),

Sub: Investor Presentation for the quarter ended December 31, 2024.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Investor Presentation of the Company on the financial results of the Company for the quarter ended December 31, 2024.

Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

FOR SOBHA LIMITED

Bijan Kumar Dash Company Secretary & Compliance Officer Membership No. ACS 17222

SOBHA LIMITED REGD & CORPORATE OFFICE: ‘SOBHA’, SARJAPUR – MARATHALLI OUTER RING ROAD, BELLANDUR POST, BANGALORE – 560103, INDIA CIN: L45201KA1995PLC018475 | TEL.: +91 80-49320000 | E-mail investors@sobha.com www.sobha.com

SOBHA

Artistic Impression of SOBHA Ayana, Bangalore

INVESTOR PRESENTATION December 2024

ABOUT US

CASHFLOW

03 03

04 04

SALES PERFORMANCE

FINANCIALS & OPERATIONS

PROJECT UPDATES

SOBHA

LEGACY OF QUALITY

Established in 1995 by Mr. PNC Menon, with a vision to transform the way people perceive ‘Quality’

29 years of delivering international quality spaces

Bangalore headquartered Real Estate & Construction firm with focus on residential real estate

Certified for Quality: ISO 9001:2015; Environmental - 14001:2015 and Occupational Health & Safety - OHSAS 45001:2018

In-house quality control and design-to-delivery capabilities

‘Devotion at Work’ drives comprehensive social empowerment initiatives through CSR

245 awards for business excellence, leadership, sustainability, and CSR initiatives

IPO in Dec 2006 oversubscribed 126x

Diverse portfolio

Real estate ▪ Residential ▪ Retail

Contracting ▪ Institutional ▪ Commercial

Manufacturing ▪ Glazing & Metal Works ▪ Interiors ▪ Concrete Products

Retail ▪ Mattresses ▪ metercube

SOBHA

EXCELLENCE AT SCALE

141.74 mn

sft completed

561

Developments

7 mn

sft annual delivery run rate

39.34 mn

sft under development

25+

Cities and 14 states across India - footprint

Acre manufacturing facilities

4,150+

Professionals

12,000+

Technicians

Own training academy for continuous development programs

Strong credit ratings (ICRA AA- Stable, India Rating AA-)

SOBHA

FUELING FUTURE SUCCESS

UNWAVERING COMMITMENT TO QUALITY

▪ Continuous investments in research in innovative construction techniques

and building material

▪ Ensures lasting value and customer satisfaction

DO 0~

DIVERSIFICATION FOR RESILIENCE AND GROWTH

▪ Multiple revenue streams with geographical diversification supports

business resilience across cycles

▪ Strong business fundamentals with efficient processes to enable

sustainable growth

SELF-RELIANT EXECUTION AS DIFFERENTIATOR

▪ Design to delivery in-house capabilities to enables faster delivery, cost

efficiency, and tight quality control

▪ India’s only developer with backward integrated business model

CUSTOMER- FOCUSED EXCELLENCE

▪ Customer-centric design philosophy, on-time delivery and post-delivery

maintenance and support

SUSTAINABILITY- LED RESPONSIBLE GROWTH

▪ Integrating sustainability into all aspects of design and operations, from

material selection to energy efficiency

▪ Commitment to align with evolving customer preferences for long-term

business success

SOBHA

Awards and recognition in Q3 FY 2025

2024 Marcom Gold Award

SOBHA l1m,1ec Annu.1! RePOrt FY 2024 Annual Report Cotporntion

2024 MarCom Platinum Award

SOBHAUmited lnne,ve Employee Publication

2024 Marcom Platinum Award

SOOHA l1m1l<d STOREYS - C1allcd by SOOHA. b:prnefltJJI Lih.::il~lc MJQ,wnc

Ultra Luxury Lifestyle Project of the Year 2024

MarCom Awards for

Annual Report 2024

MarCom Awards for

INNERVE

MarCom Awards for

STOREYS

Sobha Atlantis (Kochi) awarded the

Ultra Luxury Project in 2024 by

Realty Conclave Excellence Award

Received Gold Award for

“Annual Report 2024”

• Received Platinum Award for —

•

INNERVE - an internally designed publication, showcasing various activities and updates related to the company

• STOREYS - a lifestyle e-magazine, crafted in-house by SOBHA

SOBHA

ABOUT US

CASHFLOW

03 03

04 04

SALES PERFORMANCE

FINANCIALS & OPERATIONS

PROJECT UPDATES

SOBHA

Operational cash inflow of Rs.43.99 bn in the first 9M FY 25

Key Highlights for 9M and Q3:

➢ Total collections in 9M-FY25 increased by 2.4% over 9M-FY24

▪

Real Estate contribution was Rs. 39.35 bn, up 6.3% over 9M-FY24

▪ Contracts & manufacturing collections stands at Rs. 4.64 bn

➢ Robust Real Estate collections are result of consistent strong sales

and faster construction. Project related outflows increased by 15.1%

TOTAL OPERATIONAL CASH INFLOW

42.98

43.99

Rs Billion

REAL ESTATE CASH INFLOW

37.01

39.35

➢ Capital expenditure in Q3-FY25 saw an uptick of 32.3% vs Q2-FY24

9M-24

9M-25

9M-24

9M-25

reaching Rs. 394 mn, driven by increase in area under development

➢ We increased our land investments in Q3-FY25, with net land related

outflows of Rs. 3.05 bn. For 9M period, the net outflow was Rs. 6.33 bn,

NET OPERATIONAL CASHFLOW

NET CASHFLOW*

compared to Rs. 1.73 bn in same period last year

7.31

-3%

7.11

➢ Net debt at the end of the quarter was Rs. 4.56 bn. with Net Debt to

8.06

172%

2.96

Equity ratio of 0.13

SOBHA

9M-24

9M-25

9M-24

9M-25

* Rights Issue receipts included

Consistent operational net cashflow generated over the quarters

Rs Billion

TOTAL OPERATIONAL CASH INFLOW

REAL ESTATE CASH INFLOW

14.50

14.93

14.98

15.46

13.75

14.78

12.60

12.93

13.34

13.92

12.77

13.21

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

REAL ESTATE CASH OUTFLOW

NET OPERATIONAL CASHFLOW

5.36

5.66

5.56

6.12

5.94

6.76

3.59

3.23

2.97

2.39

2.41

2.03

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

SOBHA

Cashflow Statement – Q3 FY 2025

PARTICULARS

Operational Cash Inflow

Real Estate Operations

Contractual & Manufacturing

Total Operational Cash Inflow (A)

Operational Cash Outflow

Real Estate project related outflow

Joint Development Partner payments

Contracts and Manufacturing

Facility management

Overheads

Sales & Marketing

CSR

Indirect Taxes

Income Tax (incl. TDS)

Q3-25

Q2-25

Q3-24

9M-25

9M-24

FY-24

Rs Million

13,206

1,575

14,781

6,758

1,837

1,535

149

661

566

577

639

12,227

1,524

13,751

5,938

1,865

1,317

268

754

364

807

552

12,929

2,002

14,931

5,662

3,099

1,733

325

515

347

605

236

39,350

4,643

43,993

18,813

5,646

4,262

814

2,135

1,264

1,994

1,864

37,005

5,977

42,982

16,341

7,748

5,507

898

1,491

966

121

1,844

759

50,345

7,621

57,966

21,900

9,611

7,178

1,229

2,037

1,318

151

2,458

1,188

47,071

Total Operational Cash Outflow (B)

12,749

11,910

12,543

36,888

35,676

Net Operational Cashflow (C=A-B)

2,032

1,841

2,388

7,105

7,307

10,895

SOBHA

Cashflow Statement – Q3 FY 2025…continued

PARTICULARS

Financial Inflow

Q3-25

Q2-25

Q3-24

9M-25

9M-24

FY-24

Rs Million

Rights Issue Proceeds (D)

9,995

Financial Outflow

Finance Related Outflow

Dividend

Total Financial Outflow (E)

Net Financial Cashflow (F=D-E)

Net Cashflow after Financing Activities (G=C+F)

Capital Outflow

Net Land Payments

Capex

Total Capital Outflow (H)

Total Cash Inflow (A)

Total Cash Outflow (G =B+D+F)

Net Cashflow (A - G)

338

(338)

1,694

3,058

394

3,452

14,781

16,539

(1,758)

352

301

653

9,342

11,183

1,664

441

2,105

23,746

14,668

9,078

515

(515)

1,873

605

298

903

14,931

13,961

970

9,995

1,168

301

1,469

8,526

1,487

284

1,771

(1,771)

15,632

5,535

6,331

1,241

7,572

53,988

45,929

8,060

1,725

847

2,572

42,982

40,019

2,964

1,951

284

2,235

(2,235)

8,660

3,829

1,056

4,885

57,966

54,191

3,775

SOBHA

Slight increase in Net Debt with deployment of Rights Issue capital

1.23

28.17

1.19

27.78

1.11

26.54

0.97

23.37

0.87

21.10

0.77

18.89

0.72

17.69

0.66

0.63

16.40

15.69

0.58

0.54

0.50

0.47

14.40

13.43

12.62

11.88

0.08

2.80

1.30

1.10

0.90

0.70

0.50

0.30

0.10

(0.10)

(0.30)

(0.50)

0.13

4.59

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

Net Debt (Rs Bn)

D/E Ratio

Particulars

Gross Debt

Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25

30.21

29.33

28.04

25.33

22.00

22.10

20.07

20.04

20.84

19.99

18.98

19.14

19.86

15.21

15.76

(-) Cash equivalents

2.04

1.55

1.50

1.96

0.90

3.22

2.39

3.64

5.15

5.59

5.54

6.51

7.98

12.41

11.20

Net Debt

28.17

27.78

26.54

23.37

21.10

18.89

17.69

16.40

15.69

14.40

13.43

12.62

11.88

2.80

4.56

Net Cash Flow

0.36

0.39

1.23

3.17

2.27

2.21

1.20

1.29

0.70

1.29

0.97

0.81

0.74

9.08

-1.76

Rs Billion

SOBHA

Average cost of borrowing has been steady in past few quarters

8.81%

8.93%

9.11%

9.14%

9.26%

9.35%

9.40%

9.44%

8.45%

8.57%

t s e r e t n I

f o e t a R

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

Finance related outflows

Rs Million

Q3-22

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Q3-24

Q4-24

Q1-25

Q2-25

Q3-25

729

534

528

465

483

490

515

464

478

352

338

SOBHA

Projected Marginal Cashflow for Residential Projects as on 31st December 2024

Particulars

Total Saleable area

Sobha’s share of Saleable area

Total area sold till 31st December 2024

Unsold area as on 31st December 2024

Balance cost to incur as on 31st December 2024

Unit

Mn sft

Rs. Bn

Outstanding receivables + Balance to be billed & collected on sold units* + Refundable deposit

Rs. Bn

Sales value of unsold stock ^

Marginal Cashflow – Completed & Ongoing Projects

Marginal Cashflow – Forthcoming Projects (21.22 mn sft)

Rs. Bn

Completed Projects

Ongoing - Area offered for sale

Ongoing - Area not offered for sale

15.68

14.61

14.40

0.21

3.02

1.05

1.86

(0.11)

22.39

21.73

15.98

5.75

85.15

92.65

73.32

80.82

2.96

2.95

26.50

0.13

46.19

19.82

Total

41.02

39.29

30.38

8.92

114.68

93.84

121.37

100.53

70.60

➢ Balance expected receivables from completed and ongoing released projects is more than adequate to cover the cost to completion

➢ The unsold stock value is projected at last sold price for respective projects

➢ Total estimated future marginal cashflow from Ongoing and Forthcoming projects is Rs. 171.13 bn

➢ “Ongoing Projects” are the ones with RERA registration. Forthcoming Project will be reclassified as Ongoing once RERA approval for the project is received.

* All reported futures cash inflows are net of JD partner payments

^ Unsold area sale value is based on latest sales price in the respective projects; Sobha’s share is only considered

SOBHA

Inventory Visibility – Ongoing and Forthcoming Real Estate Projects

Location

Bangalore

Gurgaon

Noida

Pune

Coimbatore

Chennai

Hosur

Kochi

Trivandrum

Calicut

Subtotal – Residential

Gurgaon

Thrissur

Subtotal – Commercial

Total

Forthcoming Projects

No. of Projects

SBA (Mn sft)

11.23

3.56

0.69

0.85

0.15

1.84

0.94

0.92

0.21

0.81

21.22

1.16

0.03

1.19

22.41

Residential Inventory visibility

Inventory status

Completed projects

Ongoing projects - offered for sale

Ongoing projects - not offered for sale

Forthcoming projects

Total inventory visibility

Mn sft

0.21

5.75

2.95

21.22

30.13

➢ Ongoing Projects – not offered for sale comprises of unreleased towers in

Sobha Altus & Sobha Aranya (Gurgaon), Sobha Neopolis , Sobha Ayana &

Sobha Crystal Meadows (Bangalore)

➢ Currently Sobha Neopolis, and Sobha Elysia (Gift City) have ~1 mn sft of

inventory opened for sale

➢ Forthcoming projects are expected to be launched over next 6-8 quarters.

➢ Sobha’s effective share in forthcoming projects inventory is 79.2%

Note: Saleable / Leasable area for the forthcoming projects may vary based on approvals

SOBHA

Commercial Portfolio: Completed, Ongoing & Forthcoming projects

Project Name

Status

Sobha City Mall, Thrissur

Operational

One Sobha, Bangalore

Operational

Sub Total

Sobha City, Bangalore

Ongoing

Sub Total

Sobha Metropolis, Thrissur

Forthcoming

International City, Gurgaon

Forthcoming

Sobha Altus Commercial

Forthcoming

Sector 106, Gurgaon

Forthcoming

Sub Total

Grand Total

Total

Sobha Share

Sobha City Mall, Thrissur

Leasable Area (sft)

Leasable area (sft)

3,23,017

2,28,348

551,365

28,863

27,607

633,110

172,636

355,000

1,188,353

1,768,581

280,798

1,54,431

435,229

28,863

27,607

633,110

109,624

225,425

995,766

1,459,858

One Sobha, Bangalore

Net Operating Income from commercial portfolio in 9M-FY25 was Rs. 408 mn

SOBHA

Developable Land Bank to support sustained growth

Developable Land Bank Area (Acres)

NCR 61

Kerala 12

Regions*

Bangalore

NCR

Kerala

Tamil Nadu

Pune

Mumbai

Total Land (Acres)

Development Potential (SBA in Mn sft)

Forthcoming Projects Land

Subsequent Projects Land

Total

108

134

242

240

198

438

Tamil nadu 89

Sobha share (%)

79.3%

87.2%

83.4%

* Bangalore includes Mysore; Tamil Nadu includes Chennai, Coimbatore, Hosur; Kerala includes Kochi, Trivandrum, Thrissur and Calicut; NCR includes Gurgaon and Greater Noida

➢ In addition to the above lands, a total of 1,795 Acres of land bank is under various stages of

consolidation, monetization and self use

➢ ~44 acres in Hoskote is considered under Subsequent Projects Land

Bangalore 242

Mumbai 1

Pune 34

Note: • For all above lands SOBHA Ltd. has direct land ownership / interest / rights • Development potential is preliminary estimate and subject to change

SOBHA

ABOUT US

CASHFLOW

03 03

04 04

SALES PERFORMANCE

FINANCIALS & OPERATIONS

PROJECT UPDATES

SOBHA

Real Estate Sales performance in Q3 and 9M of FY 2025

Key Highlights:

New Sales Area ( Mn sft)

➢ In Q3-FY25, we sold 544 homes with total saleable built-up area of

4.74

1,016,367 sft, clocking sales value of Rs. 13.89 bn (growth of 17.8%

compared to Q2-FY25), at an average realization of Rs. 13,663 / sft

-34%

3.12

1.66

-39%

1.02

➢ For the period of 9M-FY25 we sold 1,570 homes comprising 3,121,635

sft, with sales value of Rs. 44.41 bn

➢ 9M-FY25 Average realization of Rs. 14,226 per sft. improved by 31.3%

over same period last year, aided by price increases in ongoing

9M-24

9M-25

Q3-24

Q3-25

projects and higher realization in the new project launches

Average Price Realization (Rs / sft)

➢ We launched SOBHA Ayana (1.13 mn sft) in Bangalore, during the

quarter, taking our total launches for 9M-FY25 to 4.66 mn sft

17%

13,663

11,732

14,226

31%

10,835

➢ SOBHA Ayana contributed to more than 50% of overall Bangalore

sales value in Q3-FY25

➢ We completed 1.64 mn sft (970 homes) during Q3-FY25. For 9M we

completed 3.43 mn sft (2,097 homes), compared to 2.70 mn sft for

same period last year; improved by 27.1%

Q3-24

Q3-25

9M-24

9M-25

SOBHA

Region wise Real Estate sales performance – Q3 FY 2025

Region

Bangalore

Gurgaon

Kerala*

GIFT City

Hyderabad

Tamil Nadu*

Pune

New Sale Area (sft)

Sales Value (Rs. Mn)

Sobha’s Share (Rs. Mn)

Realization (Rs. / sft)

722,886

59,127

118,267

14,714

20,571

52,263

28,539

10,012

1,429

1,303

174

289

349

330

9,544

877

1,026

174

289

259

330

13,850

24,174

11,020

11,823

14,057

6,682

11,551

13,663

Total *Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

1,016,367

13,886

12,499

➢ Sobha’s Share in Q3-FY25 of 90.0% of total sales value was highest ever percentage share, due

to contribution from SOBHA Ayana and SOBHA Neopolis, both being developed on own land

➢ Bangalore clocked sales value of Rs. 10.01 bn, improved by 64.5% compared to Q2-FY25, aided

by successful launch of SOBHA Ayana in mid-November 2024

➢ Gurgaon sales picked up over previous quarter, contributing 10.3% to PAN India sales value

➢ Pune region also gained traction, with one tower of SOBHA Nesara getting close to completion,

Total Sales value (Rs. Bn)

19.52

-29%

13.89

Q3-24

Q3-25

SOBHA share - Sales value (Rs. Bn) SALES VALUE – SOBHA’S SHARE

17.35

-28%

12.50

thereby increasing customer confidence in the product

Q3-24

Q3-25

SOBHA

Region wise Real Estate sales performance – 9M FY 2025

Region

Bangalore

Gurgaon

Kerala*

GIFT City

Hyderabad

Tamil Nadu*

Pune

Total

New Sale Area (sft)

Sales Value (Rs. Mn)

Sobha’s Share (Rs.. Mn)

Realization (Rs. / sft)

1,603,494

436,901

637,177

121,518

57,048

213,488

52,009

22,368

10,702

7,093

1,491

826

1,329

599

20,978

5,853

5,246

1,491

826

909

599

3,121,635

44,408

35,903

13,949

24,495

11,132

12,274

14,486

6,226

11,511

14,226

*Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

Total Sales value (Rs. Bn) SALES VALUE

51.40

-14%

44.41

9M-24

9M-25

SOBHA share - Sales value (Rs. Bn) SALES VALUE – SOBHA’S SHARE

➢ Tamil Nadu region sales grew by 79.4% compared to 9M-FY24, due to the new launches and

41.42

-13%

good project progress

➢ Kerala & Hyderabad’s performance was steady in the first nine months, given the inventory in

these regions.

➢ We launched 6 projects comprising 4.66 mn sft in 9M-FY25 across 4 cities

35.90

SOBHA

9M-24

9M-25

Price Band by Sales Value in Q3-FY25

➢ The launch of SOBHA Ayana during the quarter resulted in a shift

Ticket size wise contribution to total sale value

in product mix, with the contribution from homes of Rs. 2 cr. to Rs.

3 cr. ticket size increasing from 38% in Q2-FY25 to 57% in Q3-FY25

➢ Products > Rs. 5 cr. size are mainly from SOBHA Altus, SOBHA

Aranya, SOBHA Oakshire and SOBHA Infinia have contributed 22%

to the overall sales value

➢ SOBHA Oakshire, witnessed strong demand. We completed sale

of remaining 34 Row Houses in Q3-FY25, with a value of Rs. 1.74 bn

➢ Homes ranging from Rs. 3 cr. to 5 cr. comprise of projects such as

Marina One (Kochi), SOBHA Elysia (GIFT City), SOBHA Infinia, SOBHA

Neopolis, SOBHA Nesara (Pune) & SOBHA Waterfront (Hyderabad)

➢ Rs 1 cr. – Rs. 2 cr. category comprised apartments in SOBHA Arbor

(Chennai), SOBHA Meadows – Whispering Hill (Trivandrum),

Major Projects:

Rs. 2 Cr. To Rs. 3 Cr. 57%

SOBHA Metropolis (Thrissur), SOBHA Royal Crest etc.

➢ Products less than Rs. 1 cr. was contributed from Sobha Conserve

(Chennai), Sobha Mountain Mist (Coimbatore) and Sobha Dream

Garden (Bangalore)

• • • • • • • •

SOBHA Ayana SOBHA Neopolis SOBHA Whispering Hill SOBHA Sentosa SOBHA Elysia SOBHA Metropolis SOBHA Nesara SOBAH Waterfront

SOBHA

>Rs. 5 Cr. 22%

<Rs. 1 Cr. 2%

> Rs. 3 Cr. To Rs. 5 Cr. 11%

Rs. 1 Cr. To Rs. 2 Cr. 8%

ABOUT US

CASHFLOW

03 03

04 04

SALES PERFORMANCE

FINANCIALS & OPERATIONS

PROJECT UPDATES

SOBHA

Financial & Operational Highlights – 9M FY 2025

➢ Total revenue for 9M-FY25 was Rs. 28.92 bn, rising 19.2% compared

to same period last year —

▪

Real estate business contributed Rs. 23.9 bn (81.9% of total)

▪ Contractual & Manufacturing was at Rs. 4.27 bn (15.1% of total)

➢ Handovers saw a 42.3% increase compared to same period last

year, with 2,130 units totalling 3,398,093 sft of saleable area being

handed over in 9M-FY25

TOTAL INCOME

REAL ESTATE REVENUE

Rs Billion

19%

28.92

24.27

28%

18.06

23.19

9M-24

9M-25

9M-24

9M-25

➢ We achieved an EBITDA of Rs. 2.94 bn with margin of 10.2%

EBITDA

PAT

➢ PAT for the said period stands at Rs. 0.53 Mn, up by 27.9% compared

3.07

-4%

2.94

to the same period last year

➢ Revenue to be recognized from already sold units as on 31.12.2024

stands at Rs. 153.61 bn

28%

0.54

0.42

SOBHA

9M-24

9M-25

9M-24

9M-25

Financial & Operational Highlights – Q3 FY 2025

➢ Total revenue recorded in Q3-FY25 stands at Rs. 12.57 bn, improved

76.1% compared to Q3-FY24 —

▪

Real estate business contributed Rs. 10.63 bn (84.6% of total)

▪ Contractual & Manufacturing recorded Rs. 1.61 bn (12.8% of total)

➢ Handed over 1,259 units totalling 1,805,475 sft of saleable area in Q3-

FY25, improved by 117.4% compared to previous quarter

TOTAL INCOME

REAL ESTATE REVENUE

Rs Billion

12.57

76%

7.14

10.63

104%

5.21

➢ For Q3–FY25 revenue generated from contracting business stands at

Q3-24

Q3-25

Q3-24

Q3-25

Rs. 0.73 bn

EBITDA

PAT

➢ We have achieved and EBITDA of Rs. 1.00 bn at a margin of 8.0%

➢ PAT for the said period stands at Rs. 0.21 bn, down by 16.9% compared

1.03

-3%

1.00

to previous quarter, but up by 43.7% compared to Q3 FY24

44%

0.15

0.22

Q3-24

Q3-25

Q3-24

Q3-25

SOBHA

Profit & Loss Statement – Q3 & 9M FY 2025

Particulars

Real Estate Revenue

Contractual & Manufacturing Revenue

Other Income

Total Income

Total Expenditure

EBIDTA

EBIDTA Margin

Depreciation

Finance Expenses

Profit Before Tax

PBT Margin

Tax Expenses

PAT

PAT Margin

Net Profit (after OCI)

PAT after OCI

Q3-25

10,627

1,614

328

12,569

11,538

1,000

8.0%

233

473

295

2.3%

217

1.7%

221

1.8%

Q2-25

7,814

1,522

317

9,653

8,565

1,088

11.3%

232

494

362

3.8%

101

261

2.7%

235

2.4%

Q3-24

5,212

1,638

288

7,137

6,108

1,029

14.4%

201

614

214

3.0%

151

2.1%

153

2.1%

9M-25

23,191

4,789

939

28,920

25,948

2,942

10.2%

669

1,506

768

2.7%

230

538

1.9%

520

1.8%

9M-24

18,058

5,283

925

24,266

21,191

3,075

12.7%

577

1,865

633

2.6%

212

421

1.7%

407

1.7%

Rs Million

FY-24

24,138

6,831

1,209

32,179

28,199

3,980

12.4%

782

2,455

742

2.3%

251

491

1.5%

479

1.8%

SOBHA

Consolidated Balance Sheet as on 31st December 2024

Rs Million

ASSETS

Non-current Assets

Property, Plant and equipment

Investment Property

Investment Property under construction

Intangible assets

Goodwill

Right of use assets

Financial Assets

Investments

Trade Receivables

Other Non-current financial assets

Other non-current assets

Current tax assets (net)

Deferred tax assets (net)

TOTAL (A)

Current Assets

Inventories

Financial Assets

Trade receivables

Cash and cash equivalents

Bank balance other than Cash

Other Current financial assets

Other Current Assets

TOTAL (B)

TOTAL ASSETS (A + B)

SOBHA

31-Dec-24

30-Sep-24

EQUITY & LIABILITIES

31-Dec-24

30-Sep-24

4,978

4,340

172

153

1,146

449

319

11,385

390

1,739

25,188

4,886

4,366

172

105

1,146

528

356

11,500

141

1,715

25,043

111,675

110,137

2,120

5,151

6,616

4,189

7,667

137,418

162,606

2,257

3,263

9,734

4,334

7,513

137,238

162,281

Equity

Equity Share Capital

Other Equity

Total Equity (C)

Non-Current Liabilities

Financial Liabilities

Borrowings

Lease liabilities

Provisions

Deferred tax liabilities (net)

TOTAL

Current Liabilities

Financial Liabilities

Borrowings

Lease liabilities

Trade Payable

Other Current financial liabilities

Other current liabilities

Provision

Current tax liability (net)

TOTAL

Total Liabilities (D)

TOTAL EQUITY & LIABILITIES (C + D)

1,009

34,258

35,267

1,009

34,052

35,061

8,711

192

1,136

135

10,174

7,050

336

6,368

5,692

97,462

257

117,166

127,339

162,606

8,324

192

1,117

148

9,781

6,887

5,948

6,144

97,912

267

232

117,438

127,220

162,281

Contracts Portfolio & Operational Overview – 9M FY 2025

Rs Billion

9M-25

9M-24

Completed Infosys Bangalore Metro station Project in Q3 FY 2025

Particulars

Revenue

Contracts

Manufacturing

Total

Collections

Contracts

Manufacturing

Total

2.38

2.41

4.79

1.76

2.88

4.64

2.35

2.94

5.29

2.50

3.47

6.97

Ongoing projects location-wise (31st December 2024)

Location

No. of projects

Bangalore

Sonepat

Total

SOBHA

Built-up area (Mn sft)

3.37

0.49

3.86

➢ Project was started with a strategic

goal of seamlessly connecting

Infosys campus, located in

Electronic City, Bangalore, to the

upcoming metro line on Hosur Road

➢ Total order value was of Rs. 500

million

➢ Project scope included interior,

glazing, and finishing work of built-

up area of 188,371 sft

➢ Work on the said project

commenced in August 2021 and got

completed in December 2024

Manufacturing & Retail Performance – 9M FY 2025

➢ SOBHA is the only Real Estate company in India with complete vertical integration across the value chain

➢ It supports company to take up turn-key projects and deliver world class quality in timely & efficient manner

Glazing & Metal Works

Interiors, Mattresses & metercube

Concrete Products

9M-FY25 Turnover

Rs. 1.03 bn

9M-FY25 Turnover

Rs. 0.71 bn

9M-FY25 Turnover

Rs. 0.66 bn

Factory Area

0.30 Mn sft

Factory Area

0.80 Mn sft

Factory Area

0.40 Mn sft

Products

‣ Metal/Steel fabrication works ‣ Aluminum doors & windows, structures ‣ Glass works ‣

Location: Bangalore, Chennai and Sonepat

‣ Manufacturing wood-based products such as doors, windows, paneling, cabinets, cupboards & loose furniture

‣ Manufacture of Economy, Deluxe, Super Deluxe & Premium Mattresses from furnishing division

‣ Manufacture of wide range of concrete products such as concrete blocks, pavers, kerb stones, water drainage channels, paving slabs and elite landscape products

‣ Glass Fiber Reinforced Concrete

Note: All divisions turnover represents net external revenue excluding captive sales & GST

SOBHA

ABOUT US

CASHFLOW

03 03

04 04

SALES PERFORMANCE

FINANCIALS & OPERATIONS

PROJECT UPDATES

SOBHA

New Project Launch – Sobha Ayana in Q3 FY 2025

Day Elevation

Isle Verde – Open Green Island

The Lanai – Outdoor Verandah

➢ SOBHA Ayana is a luxury Apartment project, a part of SOBHA Dream Acres, is located at Panathur main road, off Marathalli-Outer Ring Road,.

➢ Project spans 6.28 acres, with easy connectivity to Outer Ring Road – Whitefield - Marathalli

➢ Project has total saleable area of 1,130,711 sft comprising 683 units including 9,095 sft (approx.) of club house

➢ Spread across 12 wings of G + 11/13/14 floors, project comprises of only 3 bed room apartments of 2 different specifications. of 1,553 sft and 1,789 sft

➢ The project boasts of huge open spaces, comprising 3 Acres of tropical forest scape, beautiful gardens and sit-outs – namely - The Lanai (Tropical Garden), Isla

Verde (Cabana Island), Serenity Trail, Paradise Grove, Bamboo Bower and many more.

SOBHA

For the period of 9M FY 25 we launched 4.66 mn sft of saleable area across 5 projects over 4 cities

Projects completed in Q3 FY 2025

Project

Marina One

Sobha Windsor*

Sobha Nesara*

Sobha City

Sobha Dream Heights*

Sobha Royal Pavilion

Sobha Lake Gardens

Sobha Dream Acres Oasis

Location

Kochi

Bangalore

Pune

Gurgaon

GIFT City

Bangalore

Sobha Mountain Mist*

Coimbatore

Sobha Sentosa

Sobha Victoria Park – Row House*

Sobha Silver Estate*

Sobha Lifestyle

Sobha Bela Encosta

Sobha West Hill

Total

* OC application under process

Bangalore

Thrissur

Bangalore

Calicut

Coimbatore

Product Type

No. of units

SBA (sft)

Apartment

Plotted

Apartment

Row Houses

Villas

100

137

118

248,505

243,008

200,864

133,897

130,503

124,698

120,063

118,357

118,373

117,734

26,536

18,586

17,373

13,785

9,045

970

1,641,327

For the period of 9M FY 25 we have completed 3.43 mn sft of saleable area

SOBHA

Real Estate – Project portfolio – Completed, Ongoing, and Forthcoming

Completed

Ongoing

Region

Developable Area

Saleable Built-up Area

Developable Area

Saleable Built- up Area

Bangalore*

63.39

46.31

Gurgaon

Noida

Kerala*

GIFT CITY

Tamil Nadu*

Hyderabad

Pune

Total

4.75

4.66

0.61

7.47

0.00

1.52

3.12

3.49

0.39

5.77

0.00

1.08

18.74

0.08

12.29

2.23

0.70

0.81

0.62

13.86

0.04

8.43

1.70

0.48

0.65

0.44

Forthcoming

Note:

• Real Estate product mix includes Multi Storied

Apartments,

Row Houses,

Villas,

Plotted

Developments & Club House Facilities etc.

• Developed / Developable area includes super

built-up area / saleable area (SBA) plus

common area, car parking area, service area,

storage area,

internal

roads and common

amenities.

• Forthcoming projects include opportunities,

where there is clear visibility for launch within

next 6-8 quarters; are at advance stages of

design & various stages of approval process.

• Forthcoming projects also include future

commercial projects

11.23

3.56

0.69

1.94

2.94

0.85

21.22

82.40

60.16

35.48

25.60

*Bangalore includes Mysore ; Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

SOBHA

Completed Residential Projects during Q3 FY 2025

.... ---- ~111113 .. ..,

:IIIIIIE I __,

Sobha Windsor Wing 5 & 7 Bangalore

2 wings - B+ G+ 17 floors

SBA – 243,008 sft (137 units)

Sobha Royal Pavilion Wing 10 Bangalore

1 wing – 2B+ G+ 18 floors

SBA – 124,698 sft (76 units)

SOBHA

Completed Residential Projects during Q3 FY 2025

\ \ IHllllf

Sobha Lake Garden Wing 2 Bangalore

1 wing - 2B+ G+ 18 floors

SBA – 120,063 sft (75 units)

Sobha Sentosa Wing 5 Bangalore

1 wing – 2B+ G+ 17 floors

SBA – 117,734 sft (71 units)

Sobha Victoria Park Phase II Bangalore

10 Villas

SBA – 26,536 sft

SOBHA

Completed Residential Projects during Q3 FY 2025…Continued

Sobha Lifestyle Bangalore

2 Villas

SBA – 17,373 sft

Sobha Dream Acres Oasis Wing 56 Bangalore

1 wing – 2B+ G+ 14 floors

SBA – 118,357 sft (118 units)

Sobha City Gurgaon -Tower B4 Gurgaon

1 tower – B+ S+ 18 floors

SBA – 133,897 sft (72 units)

SOBHA

Completed Residential Projects during Q3 FY 2025…Continued

Sobha Nesara Block 2 Pune

1 Block – 5S + 23 floors

Sobha Dream Heights Tower 1B GIFT City

Marina One Kochi

1 tower – B + 3S + 30 floors

1 tower – 2S+ 25 floors

SBA – 200,864 sft ( 90 Units)

SBA – 130,528 sft (118 units)

SBA – 248,505 sft (100 units)

SOBHA

Completed Residential Projects during Q3 FY 2025…Continued

~ 60BHA /

WBITHIU 1HAIB111 ,

Sobha Silver Estate Thrissur

7 villas

SBA – 18,586 sft

Sobha West Hill Part C Coimbatore

3 villas

SBA – 9,002 sft

Sobha Bela Encosta Calicut

3 villas

SBA – 13,785 sft

SOBHA

Ongoing Projects

Sobha Manhattan Towers Bangalore

4 wings - G+ 35 / 36 floors

560 units of 1/2/3/3.5 BHK

Total SBA – 875,256 sft

Sobha Neopolis Bangalore

19 wings – 2B+ G+ 18 floors

1,875 units of 1/3/4 BHK

Total SBA – 3,440,634 sft

Sobha Oakshire Bangalore

80 row houses – 4 BHK

Total SBA - 275,486 sft

SOBHA

Ongoing Projects…continued

Sobha Dream Acres Bangalore

5 towers – 2B+ G+14 floors

534 units of 1/2 BHK

Total SBA - 536,657 sft

Sobha Crystal Meadows Bangalore

290 row houses – 4BHK

Total SBA – 1,251,549 sft

Sobha Arbor Chennai

7 wings –G+5 floors

163 units of 3/4 BHK

Total SBA – 286,689 sft

SOBHA

Ongoing Projects…continued

Marina One Kochi

5 tower - 2B+ 25/ 27/ 28 floors

486 units of 2/ 3/ 4 BHK

Total SBA -1,429,939 sft

Sobha Waterfront Hyderabad

4 tower - G+ 14 floors

238 units of 3/3.5/4 BHK

Total SBA -654,631 sft

Sobha Altus Gurgaon

3 towers – 3B/ 1B/ G+ 11/ 28 floors

293 units of 1B/3/4 BHK

Total SBA - 808,235 sft

SOBHA

Ongoing Projects…continued

Sobha Meadows Whispering Hill Trivandrum

2 blocks - G+12 floors

98 units of 3 BHK

Total SBA – 200,657 sft

Sobha Avalon GIFT City

2 towers – G + 27 floors

268 units of 2/3 BHK

Total SBA – 320,667 sft

Sobha Nesara Pune

3 towers – G+23 floors

203 units of 2/3/4/4.5 BHK

Total SBA – 437,064 sft

SOBHA

BOARD OF DIRECTORS

Ravi PNC Menon, Chairman

• 18+ years of experience in the real estate and construction

business

• Bachelor of Science in Civil Engineering from Purdue

University, USA

Jagadish Nangineni, Managing Director

• 23+ years of experience across diverse sectors - real

estate, consulting & technology

• B.Tech in Civil Engineering from IIT Bombay and PGDM from

IIM Calcutta

Nishath M N, Deputy Managing Director

• 22+ years of experience in Civil Engineering & Real Estate

• B.Tech from Thrissur Government College, Expertise in

Business Development, Product Design & Development, Land Purchase & Legal

Srivathsala K Nandagopal, Independent Director

• Serial entrepreneur, Founder of 4 companies with

businesses spanning Angel Investing, Financial planning for HNIs and Strategic Business advisory

• Certified Financial Planner from ICAI incl. Masters in

Commerce from Bangalore University

Raman Mangalorkar, Independent Director

• 31+ years of industry, consulting, and private equity

experience

• MBA from Indiana University with specializations in Finance

and MIS. He also has a Masters in Commerce from Bangalore University

Subba Rao Amarthaluru, Independent Director

• 35+ years of experience across industries such as

manufacturing, financial services and infrastructure

• He is a commerce graduate and CA, he has established and

proven track record in finance leadership

Gopal B Hosur, Independent Director • Mr. Gopal B Hosur is Retd IPS officer worked in various

Karnataka Cadre over 4 decades

• Winner of President Medal of Bravery

• Currently serving as CEO, Chinmaya Mission Hospital

SOBHA

THANK YOU

SOBHA Corporate Office

‘SOBHA’, Sarjapur-Marathahalli Outer Ring

Road (ORR), Devarabisanahalli,

Bellandur Post, Bangalore-560103

Phone: +91-80- 49320000

www.sobha.com

Investor’s Contact

Mr. Soumyadeep Saha

Investor Relations

Tel: +91-80-49320000 Ext. 5024

Email: soumyadeep.s@sobha.com

Disclaimer:

The information in this presentation contains certain forward- looking statements and publicly available data from various recourses such as research reports, publications etc. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditure. These involve a statements are based on current expectations that number of risks and uncertainties which could cause actual results to differ from projections made by the company.

SOBHA

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Sobha Limited has informed the Exchange about investor presentation for the quarter ended December 31, 2024

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