SOBHA Continues to Exhibit Strong Performance with Record Sales in Q3 FY26, Expands Presence to Mumbai

Sobha Limited announced its Q3 FY26 results, delivering record quarterly sales and expanding its footprint with entry into a new market.

Key Highlights of Q3 FY26 include:

Sales and Operational Performance

- Achieved highest-ever Q3-FY26 sales value of ₹ 21.15 bn, a growth of 52% YoY, and 11% QoQ.
- New area sold stood at 1.37 mn sq. ft., marking a 35% YoY increase.
- Average price realization stood was ₹15,436 per sq. ft.

Financial Performance

- PAT stood at ₹1.02 bn in 9M FY26, registering a strong 89% YoY growth compared to 9M FY25, with ₹0.15 bn contributed in Q3 FY26.

- Revenue was ₹33.53 bn in 9M FY26, registering a 16% increase YoY compared to 9M FY25, with ₹9.83 bn, contributed in Q3 FY26

- Collections contributed ₹58.09 bn in 9M FY26, registering a 32% growth YoY to 9M FY25, with ₹19.85 contributed in Q3 FY26.

- Net debt continuously reduced and currently stands at (-7.92) bn resulting in Net Debt-to-Equity ratio of (-0.17).

Mr. Jagadish Nangineni, Managing Director, SOBHA Limited said, "The first nine months of FY26 have been truly exceptional for SOBHA, with our real estate sales reaching an all-time high of ₹6,097 crores. This remarkable achievement is a testament to the enduring trust of our customers and the dedication of our aligned teams across every function and business vertical. We are confident that this strong momentum will sustain, fueled by our planned new project launches in a resilient Indian macroeconomic environment, even as we navigate heightened geopolitical volatility. A significant milestone this period was our entry into the vibrant Mumbai market with the launch of SOBHA Inizio, expanding our real estate presence to 13 cities across India.

Our manufacturing & contracting businesses continue to perform steadily, further strengthening our unique backward-integrated execution model that ensures world-class quality and timely delivery. In Q3, we completed 915 homes, taking cumulative deliveries for the first nine months to 2,100 homes. While procedural delays in securing Occupancy Certificates (OCs) have temporarily moderated quarterly profitability, we remain fully confident in accelerating project completions moving forward, which will drive substantial improvements in our P&L performance. With gross debt at a prudent ₹910 crores and a negative net debt, our robust balance sheet uniquely equips us to capitalize on emerging opportunities while effectively managing the inherent cyclicality of residential real estate."

Shares of Sobha Limited was last trading in BSE at Rs. 1526.85 as compared to the previous close of Rs. 1547.65. The total number of shares traded during the day was 2821 in over 377 trades.

The stock hit an intraday high of Rs. 1580.55 and intraday low of 1521.35. The net turnover during the day was Rs. 4383369.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty Q3FY26 Q3FY2026 9MFY26 9MFY2026 ResultUpdate