SOBHA Limited announced strong Q2 FY26 results, highlighted by a 178% YoY increase in profit to ₹0.73 billion. Revenue grew by 52% YoY to ₹14.69 billion. The company achieved record collections of ₹20.46 billion, up 49% YoY. Net debt further reduced to -₹7.51 billion. The company also achieved highest ever H1-FY26 sales value of ₹39.81 billion.
Financial Highlights
SOBHA Limited reported a significant surge in profitability for Q2 FY26:
- PAT: Stood at ₹0.73 billion, a 178% YoY increase and a 433% QoQ increase.
- Revenue: Reached ₹14.69 billion, registering a 52% YoY growth and a 63% QoQ increase.
- Collections: Achieved a historic ₹20.46 billion, representing a 49% YoY increase and a 15% QoQ increase.
- Net Debt: Continuously reduced to -₹7.51 billion, resulting in a Net Debt-to-Equity ratio of -0.16.
Sales and Operational Performance
The company showcased strong sales and operational achievements:
- Highest-ever H1-FY26 sales value of ₹39.814 billion, a growth of 30% over H1-FY25.
- Quarterly sales value reached ₹19.03 billion, up 61% YoY.
- New area sold stood at 1.39 million sq. ft., marking a 50% YoY increase.
- Average price realization stood at ₹13,648 per sq. ft.
Management Commentary
Mr. Jagadish Nangineni, Managing Director, SOBHA Limited, commented, “We delivered a strong and stable performance in Q2 FY26, building on the momentum created in the previous quarter in terms of real estate sales, with highly integrated sales and marketing efforts. It also reflects the steady demand for luxury residential real estate in a growth economy… Our project delivery teams have also increased the pace of project completions…”
Operational Highlights (H1 FY26)
SOBHA Limited completed 2.25 million sft (1185 homes) in the first half of the year. They also mentioned having a clear pipeline of 16.69 million sft of future launches in the next six quarters.
Source: BSE