SOBHA Limited announced record sales in Q3 FY26, with sales value reaching ₹21.15 bn, a 52% YoY growth. The company also expanded its presence into the Mumbai market. New area sold stood at 1.37 mn sq. ft. Average price realization stood at ₹15,436 per sq. ft. Net debt reduced to ₹(-7.92) bn.
Financial Highlights Q3 FY26
SOBHA Limited announced exceptional financial performance for Q3 FY26, achieving its highest-ever quarterly sales. Key highlights include:
- Sales value of ₹21.15 bn, representing a significant 52% YoY increase.
- New area sold reached 1.37 mn sq. ft., a 35% YoY increase.
- Average price realization stood at ₹15,436 per sq. ft.
9M FY26 Performance
The company demonstrated strong performance throughout the first nine months of FY26:
- PAT reached ₹1.02 bn, showing a remarkable 89% YoY growth.
- Revenue was ₹33.53 bn, a 16% YoY increase.
- Collections amounted to ₹58.09 bn, representing a 32% YoY growth.
- The company significantly reduced its net debt to ₹(-7.92) bn resulting in Net Debt-to-Equity ratio of (-0.17).
Expansion into Mumbai
A significant milestone for SOBHA was its entry into the Mumbai market with the launch of SOBHA Inizio. This expansion increases the company’s real estate presence to 13 cities across India.
Operational Performance
SOBHA continued its focus on quality and timely delivery. Key operational achievements include:
- Completion of 915 homes in Q3, bringing the cumulative deliveries for the first nine months to 2,100 homes.
Management Commentary
Mr. Jagadish Nangineni, Managing Director, SOBHA Limited, commented on the company’s exceptional performance and strategic direction. He highlighted the achievement of record real estate sales and the importance of customer trust. Mr. Nangineni expressed confidence in sustaining strong momentum, supported by planned new project launches and a resilient macroeconomic environment.
Source: BSE
