Sobha Limited has announced its financial results for the quarter and financial year ended March 31, 2026. The company reported a significant increase in annual revenue, reaching ₹53,676.64 million on a standalone basis, alongside a ₹6 per share dividend recommendation. Management also confirmed the re-appointment of key leadership and outlined plans for the upcoming 31st Annual General Meeting to be held on July 18, 2026.
Financial Performance Overview
For the financial year ended March 31, 2026, Sobha Limited achieved standalone revenue from operations of ₹53,676.64 million, reflecting substantial growth compared to ₹40,666.65 million in the previous year. The net profit for the year stood at ₹3,013.09 million. On a consolidated basis, the company reported annual revenue of ₹51,904.98 million and a net profit of ₹1,934.08 million for the same period.
Dividend and Shareholder Updates
Reflecting the company’s robust performance, the Board of Directors has recommended a final dividend of ₹6 per equity share of ₹10 face value. This dividend proposal is subject to shareholder approval at the upcoming 31st Annual General Meeting (AGM), which is scheduled to take place on Saturday, July 18, 2026. The company has set July 10, 2026, as the record date for determining eligibility for the dividend payment.
Leadership Re-appointments
The company announced key leadership continuity moves, subject to shareholder approval. Mr. Jagadish Nangineni has been re-appointed as the Managing Director and Key Managerial Personnel for a new five-year term starting April 1, 2027. Additionally, Mr. Raman Mangalorkar has been re-appointed as a Non-executive Independent Director for another five-year term, also effective from April 1, 2027.
Operational Highlights
The company continues to advance its real estate and construction projects while navigating ongoing regulatory and legal reviews, including matters related to the Enforcement Directorate and Income Tax Department. Management maintains that these matters will not have an adverse material impact on the company’s financial standing and continues to cooperate with authorities while pursuing legal remedies through established channels.
Source: BSE
