Sobha Ltd Q4 2023 Earnings Call Transcript - Thomson StreetEvents

Sobha Ltd Q4 2023 Earnings Call Transcript

Sobha Ltd Q4 2023 Earnings Call Transcript - Thomson StreetEvents
Sobha Ltd Q4 2023 Earnings Call Transcript
Published May 29, 2023
15 pages (8425 words) — Published May 29, 2023
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Abstract:

Edited Transcript of SOBH.NS earnings conference call or presentation 29-May-23 12:30pm GMT

  
Brief Excerpt:

...Operator Ladies and gentlemen, good day, and welcome to Sobha Limited Q4 FY '23 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. Darshit Shah from ICICI Securities. Thank you, and over to you, sir. Darshit Shah Hi, everyone. Good evening. ICICI Securities welcome you to the Q4 FY '23 Results Conference Call of Sobha Limited. We have with us the management team represented by Mr. Jagadish Nangineni, Managing Director; Mr. Yogesh Bansal, Chief Financial Officer; Mr. Vighneshwar Bhat, Company Secretary and Compliance Officer. I would now hand over the call to the management team for their opening remarks, post which we will open the floor to Q&A. Thank you, and over to you, sir. Jagadish Nangineni ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Sobha Ltd
Ticker
SOBH.NS
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Congratulations on good sales performance and meaningful debt reduction. My first question is with respect to your launches. You talk about 7 million square feet to 8 million square feet of launches for fiscal '24 versus 4 million square feet in '23. Your overall launch pipeline was about 14.5 REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 29, 2023 / 12:30PM, SOBH.NS - Q4 2023 Sobha Ltd Earnings Call million square feet if I remember correctly. How should one think of this? I mean, what is the visibility on this 7 million square feet to 8 million square feet launch, and why not more?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : Is there any risk of approvals or delay in the context of changing political landscape?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : So is it possible to give a breakup of this 7 to 8 million square feet, where should we expect, in what all projects?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : My second question is on cash -- debt reduction. You've made a meaningful progress in debt reduction. Congratulations once again. Really good to see that. Do you still intend to reduce debt further? Or are you happy with the current debt and rather use the cash flows for building for growth?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : But you're still aiming for some sort of debt reduction in fiscal '24?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : It will reduce. Okay. That's good. Lastly, any update on the new monetization of land in Hosur, Hoskote, et cetera? Any progress there?

Question: Puneet J. Gulati - HSBC, Research Division - Analyst : So that's included in the 5 million square feet Bangalore launch?

Table Of Contents

Sobha Ltd Q2 2025 Earnings Call Transcript – 2024-11-15 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 15-Nov-24 10:30am GMT

Sobha Ltd Q1 2025 Earnings Call Transcript – 2024-08-09 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 9-Aug-24 12:00pm GMT

Sobha Ltd Q4 2024 Earnings Call Transcript – 2024-05-17 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 17-May-24 1:00pm GMT

Sobha Ltd Q2 2024 Earnings Call Transcript – 2023-11-07 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 7-Nov-23 12:30pm GMT

Sobha Ltd Q1 2024 Earnings Call Transcript – 2023-08-08 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 8-Aug-23 1:00pm GMT

Sobha Ltd Q3 2023 Earnings Call Transcript – 2023-02-08 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 8-Feb-23 11:30am GMT

Sobha Ltd Q2 2023 Earnings Call Transcript – 2022-11-15 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 15-Nov-22 12:30pm GMT

Sobha Ltd Q1 2023 Earnings Call Transcript – 2022-08-11 – US$ 54.00 – Edited Transcript of SOBH.NS earnings conference call or presentation 11-Aug-22 11:30am GMT

Sobha Ltd at Morgan Stanley India Summit (Virtual) Transcript – 2022-06-09 – US$ 54.00 – Edited Transcript of SOBH.NS presentation 9-Jun-22 10:59am GMT

Sobha Ltd Institutional Investor Meeting Transcript – 2022-05-25 – US$ 54.00 – Edited Transcript of SOBH.NS corporate analyst meeting</ 25-May-22 10:59am GMT

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MLA:
Thomson StreetEvents. "Sobha Ltd Q4 2023 Earnings Call Transcript" May 29, 2023. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Sobha-Ltd-Earnings-Call-T15615551>
  
APA:
Thomson StreetEvents. (2023). Sobha Ltd Q4 2023 Earnings Call Transcript May 29, 2023. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Sobha-Ltd-Earnings-Call-T15615551>
  
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