Sobha posts record H1FY27 presales of INR 58.6bn; no fresh exchange filings analysed today

There were no new corporate disclosures from NSE or BSE for Orivam to analyse today, so this wrap draws entirely on broker research published through the day.

HSIE Research (HDFC Securities Institutional Equities) issued a note on Sobha Limited covering its Q2FY27 operational performance. The company reported presales of INR 22.1bn for the quarter, up 16% year-on-year. For the first half of FY27, presales reached an all-time high of INR 58.6bn, up 47% year-on-year and equivalent to 59% of the company's full-year guidance.

The note also flagged Sobha's launch pipeline: 7.9 million square feet of launches worth INR 112bn in H1FY27, around 75% of the FY27 guidance for launches. HSIE Research said it expects margins to improve meaningfully from H2FY27 onward, as an INR186bn unrecognized revenue book, carrying project-level EBITDA margins above 30%, moves into recognition over coming quarters.

HSIE Research maintained a BUY rating on Sobha with a target price of INR 1,930 per share.

Beyond this single broker note, there is no other market-moving information in today's material.