Sobha reported a 274% year-on-year increase in profit after tax (PAT) to ₹0.51 bn for the quarter ended June 30, 2026, driven by a 76% surge in quarterly real estate sales value to ₹36.56 bn. Revenue from operations increased 48% to ₹13.30 bn, while collections grew 8% to ₹19.24 bn, reflecting sustained demand for premium homes. The company achieved its highest-ever quarterly sales, supported by new project launches in Bangalore and Gurgaon, and maintained a net debt position of ₹-6.59 bn with a Net Debt-to-Equity ratio of -0.14.

Financial Performance

The company's basic earnings per share (EPS) on a consolidated basis improved to ₹4.75 from ₹1.27 in the prior year. The following table summarises the key financial metrics for the quarter:

Operational Highlights

Operational inflows increased to ₹19.24 bn. Real estate collections stood at ₹17.56 bn, while contracts and manufacturing contributed ₹1.68 bn. The sold new area increased 62% year-on-year to 2.34 million sq. ft., with an average price realization of ₹15,655 per sq. ft. Project outflow rose 15% to ₹8.25 bn, and land investment increased 31% to ₹3.70 bn. Net operational cashflow was ₹3.12 bn.

New Project Launches

During Q1 FY27, Sobha launched 6.89 million sq. ft. of saleable area across three projects in two cities with a total sale potential of ₹99.5 bn. The table below outlines the key details of each project launched during the quarter:

Fundraising and Regulatory Disclosures

The board approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹10,00,00,00,000 on a private placement basis. The independent auditor's review report noted ongoing legal proceedings, including a complaint by the Enforcement Directorate regarding a joint development agreement in Gurugram, leading to the provisional attachment of land parcels valued at ₹2,016.05 million held by Technobuild Developers Private Limited. The company has filed an appeal and stated it believes the transactions were compliant. Additionally, the Income Tax Department has issued demand orders totaling ₹842 million for various assessment years, against which the company has filed appeals.

Sobha Limited shareholders approved a dividend of ₹6 per equity share for FY26 and re-appointed Mr. Jagadish Nangineni as Managing Director for five years during the 31st Annual General Meeting held on July 18, 2026. The meeting, conducted via Video Conferencing, saw the adoption of standalone and consolidated financial statements for the financial year ended March 31, 2026. All seven resolutions presented were passed with the requisite majority, including the authorization to issue Non-Convertible Debentures on a private placement basis.

The remote e-voting period, facilitated by MUFG Intime India Private Limited, ran from July 14, 2026, to July 17, 2026. The cut-off date for determining shareholder eligibility was July 11, 2026, with a total of 1,26,580 shareholders on record. Mr. Nagendra D Rao served as the Scrutinizer for the e-voting process, overseeing the scrutiny of remote and electronic votes cast during the meeting.

Voting Results

The resolutions transacted covered both ordinary and special business. The declaration of dividend received 99.99% approval, with 9,49,37,697 votes in favour and 58 against. The re-appointment of Mr. Jagadish Nangineni as Managing Director was approved with 98.20% of the valid votes, while Mr. Raman Mangalorkar was re-appointed as an Independent Director via a special resolution with 99.77% support.

Key Attendees and Procedural Details

The meeting was attended by 48 members through audio-visual means, comprising 5 from the Promoter and Promoter Group and 43 from the public. Mr. Bijan Kumar Dash, Company Secretary & Compliance Officer, submitted the voting results to the stock exchanges. The consolidated scrutinizer report confirmed that no votes were declared invalid across any of the resolutions.