Sobha Limited delivered its strongest operational and financial performance in FY26, recording its highest-ever annual sales value and expanding its geographic footprint to new markets. The company's results reflect sustained demand for premium residential real estate, disciplined capital allocation and a backward-integrated operating model that supports consistent delivery quality across markets.

Financial Performance: Standalone and Consolidated

On a standalone basis, Sobha posted total revenue of ₹55,869.80 million in FY26, compared to ₹42,024.79 million in the previous year, registering growth of 32.94%. Profit Before Tax rose to ₹4,044.03 million from ₹1,537.55 million, while Profit After Tax increased 168.47% to ₹3,013.09 million from ₹1,122.32 million.

On a consolidated basis, revenue for FY26 was ₹53,837.65 million, an increase of 29.33% from the previous year. Profit Before Tax increased by 95.39% and Profit After Tax (after considering minority interest) increased by 104.26% compared to FY 2024-25.

Sales and Operational Highlights

FY26 marked several milestones for the company's real estate business. Total sales value reached ₹81.36 Bn, with Sobha's share of sales value at ₹67.06 Bn—a 35% increase. New sales area stood at 5.54 million square feet, up approximately 19% from 4.68 million square feet in FY25. Average price realisation was ₹14,675 per sq. ft., reflecting 9% growth over the previous year's ₹13,412 per sq. ft.

Bangalore contributed 55.0% of total sales value and recorded its highest-ever annual sales of approximately ₹45,000 million. NCR contributed 30.2%, driven by the company's expansion into Greater Noida. Kerala contributed 9.9% and Tamil Nadu and other regions contributed 4.9%.

Cash Flows and Balance Sheet

Total operational cash inflow for FY26 was ₹77,985 million, with net operating cash flow of ₹16,367 million—a 39.4% increase over FY25. Real estate collections stood at ₹70,668 million, while contractual and manufacturing contributed ₹7,317 million. As on March 31, 2026, gross debt stood at ₹10,023 million against cash and cash equivalents of ₹18,020 million, maintaining a net cash position. Net worth stood at ₹47,199 million. The average borrowing cost as of March 2026 stood at 7.69%.

Geographic Expansion and Project Portfolio

Sobha expanded its real estate presence to 13 cities during FY26, entering Greater Noida through SOBHA Aurum and Mumbai through SOBHA Inizio. The company launched 9 new projects across 6 cities with total saleable area of 6.04 million square feet. As on March 31, 2026, the company had 41.93 million square feet of ongoing developable area and a forthcoming pipeline of 20.67 million square feet across 13 residential projects in 7 cities and an upcoming commercial asset.

Since inception, Sobha has developed a cumulative 152.69 million square feet across real estate and contractual verticals, spanning over 30 cities across 14 states in India.

Dividend and Capital Structure

The Board of Directors recommended a dividend of ₹6 per equity share of ₹10 each (fully paid-up) for FY26, subject to shareholder approval at the 31st Annual General Meeting scheduled for July 18, 2026. The company proposes to transfer ₹301.31 million of current profits to the General Reserve. As on March 31, 2026, the issued, subscribed and paid-up capital stood at ₹1,069,434,055, divided into 106,932,977 fully paid-up equity shares of ₹10 each and 20,857 partly paid-up shares of ₹5 each.

Credit Ratings and ESG

The company's borrowings were rated AA-/Positive by ICRA and IND AA-/Stable by India Ratings and Research during the year. On the ESG front, Sobha recycled 246.7 ML of water, generated 1,732 MWh of energy from renewable sources and recorded 60.78 million man-hours across its projects during FY26. The company targets a 10% reduction in Scope 1 and 2 GHG emissions by 2030. SOBHA City, Thrissur, Kerala, received India's first Net Water Positive (Platinum) Rating.

Corporate Governance

The Board of Directors comprised seven directors as on March 31, 2026, including four Non-Executive Independent Directors, one Non-Executive Non-Independent Director and two Executive Directors. The Board met four times during FY26 on May 29, 2025, July 25, 2025, October 17, 2025 and January 16, 2026. The Statutory Auditors, M/s. Walker Chandiok & Co LLP, expressed an Unmodified Opinion on both standalone and consolidated financial statements for the year ended March 31, 2026, with no qualifications or adverse remarks.

Sobha Limited will transfer unclaimed dividends for the financial year 2018-19 and the associated equity shares to the Investor Education and Protection Fund (IEPF) in October 2026. The transfer follows the completion of a seven-year period during which the dividends remained unclaimed, as mandated by Section 124(6) of the Companies Act, 2013. Shareholders who have not claimed their dividends for seven consecutive years starting from FY 2018-19 will have their shares transferred to the IEPF.

The company has issued individual notices to affected shareholders at their last known addresses and published an advertisement in newspapers on June 02, 2026. The full list of shareholders, including folio numbers and details of shares liable for transfer, has been uploaded on the company's website. The dividend amount is due for transfer to the IEPF after the closure of the seventh year on September 15, 2026. Consequently, the equity shares will be transferred to the IEPF on October 15, 2026.

Process for Shareholders

Shareholders must communicate with the company before September 15, 2026, to claim their outstanding dividends and prevent the transfer of shares. Once the shares are transferred to the IEPF, no claims will lie against Sobha Limited regarding the unclaimed amounts or the shares. However, shareholders can reclaim the dividends and shares from the IEPF Authority by following the procedures prescribed in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

For shareholders holding shares in physical form, the company will issue duplicate share certificates for the purpose of transfer to the IEPF. These duplicate certificates will be converted to dematerialized form and transferred to the IEPF's DEMAT account, automatically cancelling the original certificates. Shareholders holding shares in dematerialized form will see their shares transferred to the IEPF's DEMAT account via corporate action.

Key Dates and Contact Information

Shareholders with queries can contact the Secretarial Department of Sobha Limited or its Registrar and Transfer Agent, MUFG Intime India Private Limited. The company has clarified that the details uploaded on its website serve as adequate notice regarding the issuance of duplicate share certificates for the IEPF transfer.