NEW DELHI: Sobha has announced a remarkable net consolidated profit growth of 104.27% for the financial year 2025-26. The profit after tax reached ₹193.40 crore in FY26, compared to ₹94.68 crore in FY25, according to a filing with the BSE.
The company’s net consolidated total income for FY26 was ₹5,383.76 crore, representing a 29.33% increase from ₹4,162.75 crore in FY25.
In Q4 FY26, net consolidated total income surged by 59.74% to ₹2,029.92 crore, up from ₹1,270.73 crore in the same quarter of the previous year. Profit after tax in this quarter rose by 124.80% to ₹91.83 crore, compared to ₹40.85 crore in Q4 FY25.
The board has proposed a dividend of ₹6 per equity share of ₹10 each, fully paid-up, for the financial year ending March 31, 2026. A pro-rata dividend will be provided on partly paid-up equity shares.
Additionally, the board approved the re-appointment of Jagadish Nangineni as the whole-time director and managing director, and key managerial personnel for a term of five years starting April 1, 2027. Raman Mangalorkar was also re-appointed as a non-executive independent director for another five-year term effective the same date.
From an operational perspective, the company achieved sales worth ₹81.36 billion in FY26, covering a saleable area of 5.54 million sq ft. Bengaluru was the key contributor, accounting for 55% of sales at ₹44.78 billion. The National Capital Region (NCR) contributed ₹24.55 billion (30%), driven by expansion into Greater Noida and the launch of service residences in Gurgaon. Kerala accounted for ₹8.08 billion (10%), with other regions making up the remaining 5%.
Sobha also accelerated its execution, completing 5.40 million sq ft with 3,188 homes spread across 39 towers and 58 row houses and villas. On the supply side, the firm launched nine projects across six cities, amounting to a total saleable area of 6.04 million sq ft. Real estate collections for the year hit ₹70.67 billion, while the contracts and manufacturing segment contributed ₹7.32 billion.
As of March 31, 2026, the company reported a gross debt of ₹10.02 billion and maintained a healthy cash balance of ₹18.02 billion, with an average interest cost of 7.69%.
Looking forward, Sobha’s FY27 inventory is at 10.53 million sq ft, representing potential sales of ₹170.30 billion. The upcoming projects pipeline spans 20.67 million sq ft with a potential sales value of ₹271.65 billion. Overall, the total developable land potential stands at 40.91 million sq ft across 409 acres in eight cities, inclusive of 191 acres for upcoming projects and 218 acres for subsequent projects.
The company anticipates recognizing revenue of ₹186.47 billion from its current pipeline, with project-level EBITDA margins projected to exceed 30%. Future cash flow is estimated at ₹95.60 billion, with ongoing and completed projects expected to contribute around ₹86.99 billion.
