Sobha Limited , a leading real estate developer, has reported strong financial performance for the first quarter of fiscal year 2026 (Q1 FY26) and outlined ambitious growth plans for the future.

Record-Breaking Sales Performance

Sobha Limited achieved its highest-ever quarterly sales value of ₹20,788.00 million in Q1 FY26, crossing the ₹2,000.00 crore milestone. This represents an 11% year-over-year growth compared to Q1 FY25. The company sold 806 homes with a total saleable built-up area of 1.44 million square feet at an average price realization of ₹14,395.00 per square foot.

Financial Highlights

Operational Cash Flow and Collections

Sobha reported robust operational cash inflows of ₹17,780.00 million in Q1 FY26, a 14.9% increase compared to Q1 FY25. Real estate collections hit a record high of ₹15,990.00 million, while the contracts and manufacturing segment contributed ₹1,800.00 million.

Strategic Expansion and Future Outlook

Sobha Limited has set ambitious goals for future growth:

1. Annual Sales Target: The company aims to achieve annual sales exceeding ₹7,000.00 crore while maintaining double-digit margins.
2. Launch Pipeline: A ₹16,500.00 crore launch pipeline is planned to drive growth.
3. Premiumization Strategy: Sobha will focus on premium offerings to enhance value.
4. Regional Focus: The company plans to strengthen its leadership position in South India.
5. Geographical Expansion: Sobha has expanded its footprint in the National Capital Region (NCR) with a successful launch in Greater Noida, contributing ₹8,339.00 million in sales.

Project Launches and Sales Distribution

In Q1 FY26, Sobha launched two new projects across two cities:

1. SOBHA Aurum in Greater Noida: A 3.44-acre project with 701,051 sq. ft. of saleable area across two towers.
2. Marina One in Kochi: Launch of four additional towers with 920,593 sq. ft. of saleable area.

The sales distribution showed a significant shift towards the NCR region, which contributed 57.1% of the total sales value, supported by the new Greater Noida project. Bangalore remained a strong market, contributing 29% to overall sales.

Debt Reduction and Financial Stability

Sobha's focus on financial prudence has resulted in a reduction of net debt by ₹568.00 million in Q1 FY26. The company's strong balance sheet and negative net debt position provide a solid foundation for future growth and investments.

Jagadish Nangineni, Managing Director of SOBHA Limited, commented on the results: "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. With a strong balance sheet and a stable demand environment, we are well-positioned for sustained growth."

As Sobha Limited continues to execute its growth strategy, the company remains committed to delivering high-quality projects and enhancing shareholder value through operational excellence and strategic expansion.

Sobha Limited , a leading real estate developer, has announced robust financial results for the first quarter, showcasing significant growth across key metrics.

Record-Breaking Sales

The company achieved its highest-ever quarterly real estate sales value of ₹2,079.00 crore, surpassing the ₹2,000 crore milestone for the first time. This represents an impressive 11% year-over-year growth. The new sales area stood at 1.44 million square feet, marking a substantial 23% increase compared to the same period last year.

Financial Highlights

• Revenue from operations grew by 34.6% to ₹901.00 crore
• Profit After Tax (PAT) surged by 123% year-over-year to ₹13.60 crore
• EBITDA stood at ₹73.00 crore with a margin of 8.1%

Operational Performance

Sobha's total operational cash inflow reached ₹1,778.00 crore, representing a 15% year-over-year increase. The real estate segment recorded its highest-ever collections of ₹1,599.00 crore.

Expansion and New Projects

The company expanded its footprint in the National Capital Region (NCR) with a successful entry into Greater Noida. The launch of SOBHA Aurum in Greater Noida contributed significantly, adding ₹834.00 crore to the sales figures.

Debt Reduction

Sobha continued to strengthen its balance sheet, reducing its net debt by ₹56.80 crore in Q1. The company now maintains a negative net debt position of ₹687.00 crore, with a Net Debt to Equity ratio of -0.15.

Management Commentary

Jagadish Nangineni, Managing Director of Sobha Limited, stated, "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."

He added, "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."

Future Outlook

Sobha Limited remains committed to delivering exceptional value to customers through uncompromising quality, reliability, and transparency. The company plans to continue investing in new opportunities, its people, technology, and processes to maintain its growth trajectory in the coming quarters.

With a strong project pipeline and improved financial position, Sobha Limited appears well-equipped to capitalize on the growing demand in India's real estate sector.