Sobha Limited Q1 FY27 Results: Net Profit Surges 273.4% YoY to ₹508.46 Million as Sales Touch Record Highs

Sobha Limited (NSE: SOBHA | BSE: 532822) has officially declared its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by sustained structural demand in premium real estate, project deliveries, and expanding operational momentum, the real estate developer recorded a 273.4% year-on-year (YoY) surge in consolidated net profit to ₹508.46 million.

Key Financial Highlights (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Advanced 50.0% YoY to ₹12,781.52 million compared to ₹8,519.34 million in Q1 FY26 (down 35.7% QoQ from ₹19,878.35 million in Q4 FY26).

Total Income: Expanded 47.6% YoY to ₹13,301.70 million against ₹9,014.06 million in Q1 FY26.

Profit Before Tax (PBT): Rose 270.6% YoY to ₹691.24 million compared to ₹186.50 million in Q1 FY26.

Net Profit (PAT): Surged 273.4% YoY to ₹508.46 million from ₹136.18 million in Q1 FY26.

Total Comprehensive Income: Stood at ₹507.20 million, marking an increase of 277.0% YoY from ₹134.53 million in Q1 FY26.

Earnings Per Share (EPS): Basic and Diluted EPS (face value ₹10 per share, un-annualised) jumped to ₹4.75 from ₹1.27 in Q1 FY26.

Sales, Collections & Operational Highlights

Quarterly Sales Value: Reached a record ₹36,560 million (₹36.56 billion), registering a sharp 76% YoY growth.

Area Sold: Expanded 62% YoY to 2.34 million sq. ft. during the quarter.

Average Price Realization: Maintained robust levels at ₹15,655 per sq. ft. in Q1 FY27.

New Launches: Launched 6.89 million sq. ft. of saleable area across three projects in two target cities.

Real Estate Collections: Total collections reached ₹19,240 million (₹19.24 billion), reflecting an 8% YoY growth.

Net Debt Position: Net debt stood comfortable in negative territory at -₹6,590 million (-₹6.59 billion), maintaining a strong balance sheet with a Net Debt-to-Equity ratio of -0.14.

Consolidated Segment Performance

1. Real Estate Segment

Segment Revenue: Rose 60.9% YoY to ₹11,097.82 million from ₹6,896.74 million in Q1 FY26.

Segment Results (PBIT): Jumped 236.3% YoY to ₹1,330.61 million compared to ₹395.66 million in Q1 FY26.

Segment Assets: Expanded to ₹160,706.51 million as of June 30, 2026.

2. Contractual and Manufacturing Business

Segment Revenue: Rose 5.9% YoY to ₹2,328.73 million compared to ₹2,199.25 million in Q1 FY26.

Segment Results (PBIT): Expanded 149.5% YoY to ₹368.19 million against ₹147.60 million in Q1 FY26.

Segment Assets: Stood at ₹8,680.65 million.

Key Expense & Balance Sheet Structure

Land and Related Costs: Stood at ₹6,816.12 million (vs ₹2,240.87 million in Q1 FY26).

Material & Sub-contractor Costs: Sub-contractor costs declined to ₹2,387.19 million (vs ₹3,366.10 million in Q1 FY26), while purchase of project materials was ₹2,743.83 million. Changes in inventories stood at (₹4,849.01) million.

Finance Costs: Remained stable at ₹321.15 million compared to ₹309.76 million in Q1 FY26 (down from ₹439.25 million in Q4 FY26).

Employee Benefits Expense: Came in at ₹1,266.16 million compared to ₹1,096.31 million in Q1 FY26.

Total Assets: Stood at ₹202,425.73 million (₹20,242.57 crore) as on June 30, 2026, compared to ₹180,392.45 million as on June 30, 2025.

Total Liabilities: Stood at ₹154,719.21 million (₹15,471.92 crore).

Mr. Jagadish Nangineni, Managing Director, SOBHA Limited said, "Achieving our highest-ever quarterly sales - driven by successful new project launches in Bangalore and Gurgaon - is a significant milestone for SOBHA. It underscores customers' deep trust in our brand, the dedication of our team, and our unique operating model. With a strong pipeline of projects ahead, we are well-positioned to sustain this momentum. We remain focused on operational excellence and disciplined growth, delivering best-in-class homes while creating lasting value for our stakeholders."

Shares of Sobha Limited was last trading in BSE at Rs. 1455.35 as compared to the previous close of Rs. 1464.65. The total number of shares traded during the day was 7635 in over 1022 trades.

The stock hit an intraday high of Rs. 1466.00 and intraday low of 1447.90. The net turnover during the day was Rs. 11126332.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty RealEstate Q1FY27 Q1FY2027 ResultUpdate