Sobha Ltd Real Estate Operational Update - Q3 FY2026

Indian economy maintained a steady growth momentum in 2025, despite global headwinds - US trade policy shifts, navigating a complex geopolitical scenario and dealing with currency volatility. Real GDP grew 8.2% in Q2, 7.8% in Q1 of FY26 and 7.4% in Q4 of FY25, expected to be ~7.5% in Q3 of FY26, displaying resilience to external shocks, exceeding major forecasts and achieving a significant milestone to become the fourth largest global economy. This expansion is anchored in resilient macroeconomic fundamentals, an environment of sustained low inflation along with long-term capital costs hovering near historic lows. Growth is being propelled by a combination of surging domestic consumption and continued strategic infrastructure spending, which has significantly boosted investor confidence and encouraged corporate expansion. These trends are clearly reflected in vibrant capital markets, improving corporate earnings, strong office space leasing backed by expansion of domestic companies and surging demand from GCCs and sustained residential demand supported by low home loan rates.

SOBHA delivered a historic quarterly performance, achieving highest ever real estate sales value of ₹21.15 Bn, reflecting a growth of 52.3% compared to Q3-FY25 and 11.2% over Q2-FY26. SOBHA share of sales value was also highest ever, at ₹18.18 Bn (85.9%). This translates to new sales area of 1.37 Mn sft, with an average price realization of ₹15,436 / sft. We launched our first project in Mumbai, SOBHA Inizio, marking our entry into a new city.

- Bangalore recorded highest ever quarterly sales, a growth of 51.0% compared to Q3-FY25 and contributed 71.5% to overall value, adding ₹15.12 Bn with new sales area of 1.02 Mn sft, supported by successful launch of SOBHA Magnus

- NCR contributed ₹3.49 Bn, backed by successful launch of SOBHA Strada, a Serviced Apartment project, located in Sector 106, Gurgaon

- Kerala region added ₹1.54 Bn, recording a growth of 18.03% compared to Q3-FY25

For the 9M of FY 2026, we achieved sales value of ₹60.97 Bn, with the new sales area of 4.21 Mn sft.

New Sales Area, Value and Price Realization:

In Q3 FY26, Sobha Limited demonstrated robust momentum in its real estate sales, achieving total sales value of ₹21,152 million-a significant 52% year-over-year (YoY) increase from ₹13,886 million in Q3 FY25 and up 11% quarter-on-quarter (QoQ) from ₹19,026 million in Q2 FY26. The company's attributable share stood at ₹18,179 million, reflecting its strong project pipeline.

New sales area expanded to 1,370,340 square feet, up 35% YoY from 1,016,367 square feet, while average price realization climbed to ₹15,436 per square foot, a 13% YoY rise from ₹13,663, underscoring premium pricing power and market demand. Over 9M FY26, cumulative sales value reached ₹60,967 million (Sobha share: ₹50,721 million), with 4,208,563 square feet sold at an average of ₹14,486 per square foot, surpassing FY25 full-year figures of ₹62,765 million total sales (₹49,605 million Sobha share), 4,679,825 square feet, and ₹13,412 per square foot. This performance highlights Sobha's execution strength amid favorable housing dynamics.

During the quarter SOBHA completed 1.39 Mn sft, delivering 915 homes, taking cumulative completion for 9M FY26 to 3.64 Mn sft (2,100 homes).

Key Highlights

- Reached new historical peak of quarterly sales performance, surpassing Q1-26; Crossed ₹2K Cr. quarterly sales milestone for 2nd time. SOBHA share of sales value also recorded highest ever.

- Achieved highest ever 9M sales value of ₹60.97 Bn, a growth of 37.3% over 9M-FY25.

- SOBHA's real estate operating cities now increased to 13 across India

New Launches in Q3 FY 2026

During the quarter, we launched three projects across three cities, with saleable area of 932,171 sft, taking our cumulative new launches for 9M of FY 2026 to 2.58 Mn sft.

SOBHA Magnus, is a luxury project located in South Bangalore. Development isspread across 5.78 acres with a total saleable area of 589,150 sft. The project comprises of 294 homes in 3 / 4 BR configurations, with sizes ranging from 1,250 to 2,578 sft.

SOBHA Strada, a commercial development, located at Sector 106, Gurgaon. The project is spread across 2.03 acres with total development of 323,403 sft (mix of Serviced Apartments and Retail) - of which the saleable area is 214,060 sft comprising 222 units with 1 BR configured studio apartments (sizes ranging from 857 to 926 sft) along with some retail portion.

SOBHA Inizio, marks our first luxury residential project in Mumbai. Located at Sewri-Parel, the project is developed on 1.03 acre of land. We have launched Phase I with total area 147,578 sft, of which SOBHA saleable area would be 128,961 sft comprising 134 homes in 1 / 2 / 3 BR configurations, sizes ranging from 498 to 1,225 sft.

Shares of Sobha Limited was last trading in BSE at Rs. 1492.15 as compared to the previous close of Rs. 1461.55. The total number of shares traded during the day was 1520 in over 230 trades.

The stock hit an intraday high of Rs. 1497.55 and intraday low of 1459.55. The net turnover during the day was Rs. 2255045.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty OperationalUpdate RealEstate Q3FY26