SOBHA Ltd delivered exceptional performance in Q3 FY26, achieving record quarterly real estate sales that underscore the company's strong market position and execution capabilities. The realty firm's latest results demonstrate robust demand across its key markets and successful expansion into new territories.

Record-Breaking Quarterly Performance

The company's Q3 FY26 performance highlights significant growth across multiple metrics:

SOBHA's share of the total sales value reached ₹1,818 crore, representing 85.9% of the quarter's total sales. The quarter witnessed new sales covering 1.37 million square feet with an average price realisation of ₹15,436 per square foot.

City-wise Performance and Market Expansion

Bengaluru emerged as the standout performer, recording its highest quarterly sales for the city at ₹1,512 crore. This contributed 71.5% of the total sales value with new sales area of 1.02 million square feet, supported by the launch of SOBHA Magnus.

The NCR region contributed ₹349 crore, driven by the launch of the serviced apartment project SOBHA Strada in Sector 106, Gurgaon. Kerala added ₹154 crore in sales, growing 18.03% compared to Q3 FY25. Notably, the company launched its first project in Mumbai, SOBHA Inizio, marking its strategic entry into this key metropolitan market.

Nine-Month Performance and Project Delivery

For the nine months ended December 31, 2025, SOBHA achieved impressive consolidated results:

The company completed 1.39 million square feet in Q3 FY26, delivering 915 homes. Cumulative completions for 9M FY26 reached 3.64 million square feet, encompassing 2,100 homes. During Q3 FY26, SOBHA launched three new projects across three cities with a saleable area of 9.32 lakh square feet, bringing cumulative new launches for 9M FY26 to 2.58 million square feet.

Operational Expansion

SOBHA now operates across 13 cities in India, reflecting its pan-India presence and diversified market approach. The company's expansion strategy includes entering new markets while strengthening its position in existing key cities. The Mumbai entry with SOBHA Inizio represents a significant milestone in the company's growth trajectory.

Sobha Ltd , a prominent real estate developer, has announced significant expansion plans and reported robust financial performance, signaling confidence in the real estate market despite holding substantial unsold inventory.

Inventory and Expansion Plans

Sobha Ltd currently holds unsold inventories valued at Rs 13,000 crore, spread across 10 million square feet in existing projects. However, the company is not slowing down its growth trajectory. Over the next 4-6 quarters, Sobha plans to launch 15 new projects covering an impressive 16.7 million square feet. These projects will span nine cities, including key markets such as Bengaluru, Mumbai, Delhi-NCR, Pune, and Chennai.

The company estimates that these new projects have a revenue potential of Rs 22,000 crore, underlining the scale of its expansion strategy.

Financial Performance and Targets

Sobha Ltd has reported strong financial results and set ambitious targets for the future:

The company achieved record sales bookings of Rs 3,981.40 crore in the first half of the fiscal year, representing a 30% year-over-year increase. The second quarter was particularly strong, with sales bookings of Rs 1,902.60 crore, a substantial 61% increase compared to the same period last year.

Sobha's net profit for the quarter nearly tripled to Rs 72.52 crore, while total income rose to Rs 1,469.30 crore from Rs 965.29 crore in the corresponding quarter of the previous year.

Future Outlook

Looking ahead, Sobha Ltd has set an ambitious target of Rs 8,500 crore in pre-sales for the fiscal year 2025-26. This goal represents over 30% growth from current levels, indicating the company's optimistic outlook on the real estate market.

The company also reported Rs 18,000 crore in unrecognized revenue from completed sales, which suggests a strong pipeline for future income recognition.

Sobha's aggressive expansion plans, coupled with its strong financial performance, reflect a positive sentiment in the real estate sector. However, the substantial unsold inventory also highlights the challenges faced by developers in the current market. As the company moves forward with its growth strategy, balancing new project launches with inventory management will be crucial for sustained success.