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Sobha Results: Latest Quarterly Results & Analysis

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Sobha Ltd. 17 Oct 2025 18:16 PM
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Q2FY26 Quarterly Result Announced for Sobha Ltd.

Realty company Sobha announced Q2FY26 results

Q2FY26 Financial Highlights:

  • PAT stood at Rs 0.73 billion, marking a 178% YoY increase, 433% QoQ increase.
  • Revenue was Rs 14.69 billion, registering a 52% YoY growth, 63% QoQ increase.
  • Historic Cashflow: Collections contributed Rs 20.46 billion, registering a 49% YoY increase, 15% QoQ increase.
  • Net debt continuously reduced and currently stands at -7.51 billion resulting in Net Debt-to-Equity ratio of -0.16.

Operational Highlights:

  • Achieved highest-ever H1FY26 sales value of Rs 39,814 million, a growth of 30% over H1FY25.
  • Quarterly sales value reached Rs 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 was Rs 13,648 per sq. ft.

Jagadish Nangineni, Managing Director, SOBHA, said: “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, with improving macroeconomic parameters & timely government interventions. Our project delivery teams have also increased the pace of project completions with world-class quality across cities, with completions of 2.25 million sft (1185 homes) in the first half of the year. Improved profitability would reflect as we increase the volume of deliveries in higher margin projects. With a clear pipeline of 16.69 million sft of future launches in the next six quarters, strong balance sheet and a stable demand environment, we are well positioned for growth and to capitalize on potential opportunities. Our unique backward integrated model would drive quality, reliability and scale for the company.”

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Result PDF

Realty company Sobha announced Q1FY26 results

Financial Highlights:

  • PAT stood at Rs 0.13 billion, marking a 123% YoY increase.
  • Revenue was Rs 9.01 billion, registering a 35% YoY growth.
  • Collections contributed Rs 17.78 billion, registering a 15% YoY increase.
  • Net debt reduced, and currently stands at -6.87 billion resulting in Net Debt-to-Equity ratio of -0.15.

Business Highlights:

  • Milestone quarterly sales value reached Rs 20.79 billion, up 11% YoY.
  • New area sold stood at 1.44 million sq. ft., marking a 23% YoY increase.
  • Average price realization stood was Rs 14,395 per sq. ft.
  • Launched salable area stood at 1.62 million sq. ft

Jagadish Nangineni, Managing Director, SOBHA said, “We achieved our highest-ever quarterly sales, fueled by robust demand across cities of our real estate operations. The successful launch of our first project in Greater Noida marks a pivotal milestone, reinforcing our brand's strength. Our unique backward integrated delivery model continues to drive consistent performance, supported by ongoing investments in operational excellence. With a strong balance sheet and a stable demand environment, we are well-positioned for sustained growth. We remain committed to delivering exceptional value to our customers through uncompromising quality, reliability, and transparency while investing in new opportunities, our people, technology and processes."

Result PDF

Realty company Sobha announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total income stood at Rs 12.7 billion for Q4FY25 compared to Rs 7.9 billion for Q4FY24
  • PAT stood at Rs 0.40 billion for Q4FY25 compared to Rs 0.07 billion for Q4FY24
  • Collections for Q4FY25 stood at Rs 17.85 billion, registering a 21% QoQ growth and a 7% YoY increase.
  • Quarterly sales value reached Rs 18.36 billion, up 32% QoQ.
  • Sold new area stood at 1.56 mn sq.ft in Q4-25, a 53% increase QoQ.

FY25 Financial Highlights:

  • PAT was at Rs 0.41 billion, marking an increase of 88% QoQ and 93% from Rs 0.49 billion in FY24 to Rs 0.95 billion in FY25.
  • Revenue grew by 29% YoY to Rs 41.63 billion in FY25 from Rs 32.18 billion in FY24
  • Total collections for FY25 reached Rs 61.84 billion.
  • Net debt reduced substantially to Rs -6.3 billion, resulting in a Net Debt-to-Equity ratio of -0.14.
  • Average price realization increased by 23% YoY, reaching Rs 13,412 per sq.ft in FY25.

Jagadish Nangineni, Managing Director, SOBHA said, “Q4FY25 reflected steady and encouraging progress for SOBHA, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows. The Rights Issue has further strengthened our financial position, enabling us to stay focused on execution and expansion. With the real estate sector continuing to perform well, we see strong potential in the year ahead. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities. Our unwavering commitment to delivering high-quality homes remains our core focus. As we move forward, SOBHA’s dedication to excellence, innovation, and stakeholder trust will continue to guide our growth and reinforce our position in the sector”

Result PDF

Relaty Services company Sobha announced Q3FY25 results

  • PAT was at Rs 217 million increased by 43.8% YoY.
  • Net revenue was at Rs 12,569 million, up 30.2% QoQ and 76.1% increase YoY.
  • Real Estate Collections were at Rs 10,627 million up by 36% QoQ and 104% increase YoY.
  • Net Debt at the end of the quarter stands at by 4.56 billion, with Net Debt / Equity Ratio now at 0.13.

Jagadish Nangineni, Managing Director, SOBHA, said: “Our financial and operational strength has significantly increased this year with the rights issue and improved visibility. We embark on entering three new cities – Greater Noida, Hosur and Mumbai in the next year, increasing our footprint to fifteen cities in the country. This reaffirms our commitment to delivering highquality homes to a broader customer base while maintaining financial prudence. With the real estate sector on a steady growth trajectory, we are poised for significant momentum with upcoming project launches. As we move forward, we remain focused on excellence in execution, ensuring that every home we deliver upholds the Sobha promise of superior craftsmanship and design. Our unwavering dedication to quality will continue to guide our growth and strengthen our leadership in the real estate sector”.

Result PDF

Realty company Sobha announced Q2FY25 results

Financial Highlights:

  • PAT was at Rs 261 million up 3.3 times QoQ and 74% increase YoY.
  • Net revenue was at Rs 9,653 million, up 44% QoQ and 25% increase YoY.
  • Real Estate Collections were at Rs 12,227 million.
  • Debt reduction continued to decline with Net Debt / Equity ratio now at 0.08.

Other Highlights:

  • Quarterly sales value of Rs 11.78 billion.
  • Average price realization of Rs 12,674 per sft, up 24% YoY.
  • Sold new area of 0.93 million. sft across all regions in Q2FY25.
  • Kerala witnessed best-ever quarterly sales of 0.30 million sft with value of Rs 3,381 million.
  • Launched a total saleable area of 0.48 million sft, in Bangalore.

Jagadish Nangineni, Managing Director, SOBHA, said: “Our Q2FY25 performance reflects continued strength in our operations, fueled by our team’s efforts across functions and sustained demand in residential real estate. The geographical diversification of our project portfolio is paying rich dividends, with the ability to cater to demand across all our eleven operating cities. With solid financial strength of the company, post successful completion of rights issue, coupled with deep operational expertise & international brand recognition, we are effectively positioned to ride the growth wave. Our focus on delivering benchmark quality residences, construction products and services through our unique backward integrated operating model would continue to be our mainstay as we pursue scale.”

Result PDF

Realty company Sobha announced Q1FY25 results:

  • Quarterly sales value of Rs 18.74 billion. up 28% YoY and a 24.6% QoQ.
  • Best ever average price realization of Rs 15,941 per sft, up 51.7% YoY.
  • Sold 562 units with total saleable area of 1.17 million sft across all regions in Q1FY25.
  • Four new residential projects launched with a total saleable area of 3.04 million sq. ft
  • Debt reduction continued for 15 consecutive quarters with Debt/Equity ratio now at 0.47.
  • Highest ever collections: Q1FY25 was at Rs 15.46 billion. and 13.55 billion in Q1FY24, marking a 14% increase YoY.
  • Net cashflow: Rs 0.74 billion for Q1FY25 and Rs 0.70 billion in Q1 FY-24. Increase by 5% YoY.
  • Net revenue at Rs 6.69 billion and PAT was at Rs 0.06 billion in Q1FY25. 

Jagadish Nangineni, Managing Director, SOBHA Limited said, “SOBHA's strong performance in Q1FY25 was supported by robust housing demand across all our operational markets and a steady focus on efficient execution. This resulted in impressive sales, exceptional real estate collections, and the highest average price realization of Rs 15,941 per sft. A significant portion of this price realization can be attributed to our shift in inventory mix towards luxury and super-luxury projects. Our strong sales performance demonstrates that customers continue to appreciate SOBHA's high-quality homes. With a healthy pipeline of 18.30 mn. sft. of residential projects set to be launched in the coming quarters, we anticipate further enhancement of our growth trajectory. Additionally, the recently concluded rights issue will enhance our financial and operational strength, positioning us to capitalize on growth opportunities in India's vibrant economic environment and enter new markets.”

Result PDF

Realty company Sobha announced Q4FY24 & FY24 results:

  • Sales area grew by 7.7% over FY23 to 6.08 million sq ft from 5.65 million sq ft, crossing the 6 million sq ft milestone of new sale volume and Rs 6,500 crore of annual sale value.
  • Sales value registered growth of 27.8% to Rs 66.44 billion from Rs 51.98 billion.
  • Average realization improved by 18.7% to Rs 10,922 per sq ft compared to FY23.
  • Four new residential projects launched with a total saleable area of 3.18 million sq ft. in Q4FY24.
  • Launched 7.02mn sq ft. spread over six projects across various cities of operation, showcasing a substantial increase from the previous fiscal year.
  • Debt reduction continued for 14 consecutive quarters with Debt/Equity ratio now at 0.50 in Q4FY24.
  • Real estate collections: Q4FY24 was at Rs 14.98 billion and FY24 at Rs 57.97 billion, marking a 10% increase YoY.
  • Net cashflow: Rs 0.81 billion for Q4FY24 and Rs 3.77 billion in FY24.
  • Net revenue up 10.3% to Rs 7.91 billion in Q4FY24 compared to Q3-24 at Rs 7.13 billion.
  • PAT was at Rs 0.07 billion in Q4FY24, and Rs 0.49 billion in FY24.

Jagadish Nangineni, Managing Director, SOBHA Limited said, “FY24 was an exceptional year for SOBHA with best ever sales, collections, new project launches and an increased pace of project completions in the real estate segment. It underscores our team's focus and commitment to growth, SOBHA's strong brand value in the consumer minds and deep stakeholder trust. In this year, not only did we deliver good operational performance, we have made significant progress to strengthen our foundation for future growth. We are now very well positioned, financially and operationally, to capture the growth opportunities that India presents in an upbeat economic environment.”

Result PDF

Realty company Sobha announced Q3FY24 results:

Financial Performance
- Reached highest-ever collection and realisation figures in Q3FY24, as well as over nine months of FY24.
- Achieved a quarterly sales value of Rs 19.52 billion, marking a 37.0% YoY increase and a 13.2% rise from Q2FY24.
- Real Estate collection during the quarter stood at Rs 12.93 billion, an 11.8% YoY increase.
- Revenue for the first nine months of FY24 was Rs 24.26 billion, a 12.2% increase from the same period in FY23.
- Q3FY24 revenue registered at Rs 7,137 million.
- Profit After Tax (PAT) was reported at Rs 153 million for Q3FY24, up by 16.8% from the previous quarter.

Sales and Operational Growth
- The new sales area reached 1.66 million square feet, up from 1.48 million square feet in Q3FY23.
- Bengaluru recorded its highest-ever quarterly sales, with 1.25 million square feet valued at Rs 14.99 billion.
- A significant rise in Average Price Realization to Rs 11,732 per square foot, a 21.5% increase compared to Q3FY23.
- Two new projects launched in the third quarter, adding a total saleable area of 3.84 million square feet.
- Successfully completed 1.04 million square feet of Saleable Area (SBA).

Debt Management
- Positive cash flow contributed to reducing the net debt/equity ratio to 0.54.

Jagadish Nangineni, Managing Director, SOBHA said, "In Q3 of this fiscal year, SOBHA achieved its highest-ever sales value and realisation, driven by robust housing demand and the successful launch of SOBHA Neopolis in Bengaluru. Our steadfast dedication to delivering top-quality real estate has amplified the demand for SOBHA homes across all operating cities. With a keen focus on new launches and clear inventory visibility across projects at various stages, we are poised to execute our growth plans effectively. Our focus on cash flow and disciplined capital allocation strengthens our financial and operational capabilities while expanding our inventory for growth. Aided by a robust financial and operational model, we are well-positioned to leverage India's positive and growth-oriented socio-economic environment."

 

 

Result PDF

Realty company Sobha announced Q1FY24 results:

  • Highest quarterly sales value of Rs 14.65 billion, up 27.9% YoY
  • Sales area of 1.39 million sq ft. for Q1FY24, up by 2.5% YoY
  • Best average price realization of Rs 10,506 per sq ft, up 24.6% YoY
  • Total collections in Q1FY24 improved by 21.3% compared to Q1FY23 to Rs 13.55 billion supported by a healthy growth of 29.2% in real estate collections
  • Net cashflow of Rs 0.7 billion in Q1FY24 and net debt to equity reduced to 0.63
  • Real estate revenues for Q1FY24 grew by 66.1% YoY to Rs 7.41 billion
  • PAT was at Rs 0.12 billion, a growth of 156.4% compared to Q1FY23

Jagadish Nangineni, Managing Director, SOBHA said, “SOBHA’s strong brand recognition through world-class quality delivery continues to drive demand for our homes across all our operating locations in 12 cities of the country. This is reflected in our record sales yet again, with the best price realisation in this quarter, moving above Rs 10,000 / sq ft. mark for the first time. Bangalore, SOBHA’s home market, contributed to 54% of the total sale value with other markets such as NCR, Kerala, GIFT City, etc contributing consistently. We have a healthy inventory visibility of both launched and forthcoming projects at various stages of development, which will aid our growth plans. Our focus on cashflow generation and disciplined capital allocation will also augment our financial and operational strength in the coming years.”

 

 

Result PDF

Realty company Sobha announced Q4FY23 & FY23 results:

  • Net revenue up 28.6% YoY to Rs 34.02 billion in FY23 (Q4FY23: up 66.7% YoY to Rs 12.40 billion)
  • Real estate collections up 33% YoY at Rs 52.82 billion in FY23 (Q4FY23: up 11% YoY to Rs 11. 79 billion)
  • Highest Net Cashflow of Rs 6.97 billion in FY23, up 36% YoY
  • Highest ever net debt reduction in a year aided by strong operational cashflow now at Rs 16.4 billion with Net Debt-Equity ratio down to 0.66
  • PAT at Rs 0.47 billion in Q4FY23, up by 239.5% YoY
  • Sales value up 34% YoY to Rs 51.98 billion in FY23 (Q4FY23: up 32% YoY to Rs 14.63 billion)
  • Sales (SBA) up 15% YoY from FY22 to 5.65 million sq ft
  • Average price realization up 17% YoY compared to FY22

Jagadish Nangineni, Managing Director, SOBHA said, "Financial year 2022-23 has been an excellent year for SOBHA, achieving new milestones in sales and cashflow, made possible by concerted team effort and contribution from our stakeholders. We have a strong platform to achieve further growth, improve our offerings to our customers and maintain a healthy financial structure. Having a solid financial and operational model in place, aided by a portfolio that addresses needs of customers, we are well-positioned to capitalize on an optimistic socio-economic environment that India presents today."

 

Result PDF

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