Sobha Limited has scheduled a group conference call with analysts and institutional investors for Monday, October 19, 2026, at 6:30 pm IST. The session will cover the company's operational and financial performance for the quarter and half year ended September 30, 2026.

Conference call details

The briefing will be led by Jagadish Nangineni, Managing Director, and Yogesh Bansal, Chief Financial Officer. The event is organized by ICICI Securities.

Participants can join via the following access numbers:

Regulatory compliance

The company filed this update with BSE and NSE in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with sub-para 15(a) of Para A Part A Schedule III of the same regulations. The disclosure was signed by Bijan Kumar Dash, Company Secretary & Compliance Officer, on October 13, 2026.

Sobha Limited recorded its highest-ever half-yearly sales value of ₹58.62 Bn for the first half of FY27, marking a significant milestone in its operational performance.

The company sold 3.76 million sq ft of area across 2,260 units during this period, reflecting a robust response to new project launches. Sobha's share of the total sales value also reached a historic high of ₹48.74 Bn, underscoring the strength of its owned inventory and joint venture structures.

Regional performance and growth drivers

Bangalore emerged as the primary contributor to sales, accounting for ₹33.85 Bn, or 57.7% of the total value. The National Capital Region (NCR) followed with ₹19.74 Bn, representing 33.7% of the total. The Kerala region contributed ₹3.57 Bn (6.1%), while other cities collectively added ₹1.46 Bn (2.5%).

The surge in sales was supported by the launch of 7.91 million sq ft of saleable area across five projects in Bangalore, Gurgaon, and Calicut, carrying a potential sale value of ₹112 Bn. Additionally, the company completed 1,391 homes totaling 2.56 million sq ft across 17 wings or blocks.

Q2FY27 operational snapshot

In the second quarter alone, Sobha logged a sales value of ₹22.06 Bn, which stands as the second-highest quarterly figure in the company's history. This represented a 16% growth compared to Q2FY26. The quarter saw the sale of 1.42 million sq ft across 828 units, with Sobha's share amounting to ₹18.82 Bn.

Sustenance sales remained strong, driven by projects such as Sobha OneWorld and Sobha Neopolis in Bangalore, alongside Sobha Crescent and Sobha Aranya in Gurgaon. The company launched two new projects in Calicut and Mysore during Q2FY27, adding 1.03 million sq ft to its pipeline.

What the numbers show

A key observation from the data is the divergence between volume growth and price realization. While sales area grew by 32.4% YoY in H1FY27, the sales value increased by 47.2%. This indicates that the growth was not solely driven by higher unit volumes but also by a significant improvement in average selling prices, which rose to ₹15,604 per sq ft in H1FY27 from ₹14,028 per sq ft in H1FY26. Furthermore, Sobha's share of sales value increased to 83.1% in H1FY27 from 81.7% in the previous year, suggesting a strategic shift towards projects where the company holds a larger equity stake or direct ownership, thereby capturing more margin per unit sold.