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.

Sobha Limited , a leading real estate developer, has announced robust financial results for the first quarter of fiscal year 2026, marking significant growth across key operational metrics.

Record-Breaking Sales

The company achieved its highest-ever quarterly real estate sales value of ₹20.79 billion, surpassing the ₹2,000 crore milestone for the first time. This represents an 11% year-over-year increase in sales value. The new sales area stood at 1.44 million square feet, up 23% compared to the same period last year.

Financial Highlights

• Total revenue reached ₹9.01 billion, registering a 35% year-over-year growth.
• Profit After Tax (PAT) stood at ₹136 million, marking a substantial 123% increase from Q1 FY2025.
• Collections contributed ₹17.78 billion, showing a 15% year-over-year rise.

Improved Financial Position

Sobha Limited further strengthened its balance sheet by reducing net debt. As of Q1 FY2026, the company reported a negative net debt of ₹6.87 billion, resulting in a Net Debt-to-Equity ratio of -0.15.

Operational Performance

The company launched new projects with a saleable area of 1.62 million square feet during the quarter. The average price realization stood at ₹14,395 per square foot.

Geographical Expansion

Sobha Limited expanded its footprint in the National Capital Region (NCR) by entering Greater Noida with the successful launch of SOBHA Aurum, which contributed ₹8.34 billion to the overall sales.

Rights Issue Fund Utilization

The company's monitoring agency report for Q1 FY2026, prepared by ICRA Limited, confirmed no deviation in the utilization of proceeds from its Rights Issue. The report covers the utilization of ₹1,983.64 crore from the Rights Issue conducted from June 28 to July 4, 2024.

Key allocations include:

The total unutilized amount of ₹310.18 crore has been deployed in fixed deposits with various banks, earning returns between 4% to 7.8%.

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. Our unique backward integrated delivery model continues to drive consistent performance, supported by ongoing investments in operational excellence."

Future Outlook

With a strong balance sheet and stable demand environment, Sobha Limited is well-positioned for sustained growth. The company remains committed to delivering value to customers through quality, reliability, and transparency while investing in new opportunities, people, technology, and processes.

All project timelines for FY2025-FY2028 remain on schedule, indicating the company's commitment to timely project delivery.