Q4 2024 Sobha Ltd Earnings Call Transcript
Key Points
- Sobha Ltd (BOM:532784) achieved the highest-ever operational cash flow of INR5,797 crores in FY24.
- The company recorded a 28% increase in sales value, reaching INR6,644 crores for FY24.
- Sobha Ltd (BOM:532784) launched seven projects totaling 7.03 million square feet in FY24, with four projects launched in Q4 alone.
- The company reduced its net debt by INR377.5 crores over the year, achieving a net debt-to-equity ratio of 0.5.
- Sobha Ltd (BOM:532784) plans to launch 9 million square feet of new projects in FY25, a 30% increase from the previous year.
- Q4 FY24 sales were lower at INR1,500 crores compared to previous quarters, indicating a slowdown.
- The company experienced a small degrowth in some subverticals of its contracting and manufacturing business.
- Despite high sales, the EBITDA margin for FY24 was relatively low at 12.4%.
- The company’s PAT for Q4 FY24 was only INR7 crores, and INR49 crores for the entire year, indicating low profitability.
- Sobha Ltd (BOM:532784) is cautious about the high base effect and aims for a conservative 20% sales growth in FY25, targeting INR8,500 crores.
Ladies and gentlemen, good day, and welcome to SOBHA Limited Q4 FY24 results conference call hosted by ICICI Securities. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Adhidev Chattopadhyay from ICICI Securities. Thank you, and over to you, sir.
Good evening, everyone. On behalf of ICICI Securities, I'd like to welcome everyone to the SOBHA Limited call today. From the management, we have with us Mr. Jagadish Nangineni, the Managing Director; and Mr. Yogesh Bansal, the Chief Financial Officer.
I'd now like to hand over the call to the management for their opening remarks. Over to you. Thank you.
Good evening, everyone. Thank you, Adhidev and team, for your introduction and organizing this call. SOBHA team and I are happy to interact with you post the financial results of quarter four of the financial year
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