NEW DELHI: Bengaluru-based Sobha reported a 28.87% decline in net consolidated profit for Q3 FY26, ending December 31, 2025. The profit after tax was ₹15.42 crore, compared to ₹21.68 crore in the same quarter of the previous fiscal year, according to a BSE filing.
The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, marking a 21.78% decrease from ₹1,256.87 crore in the same quarter last year.
Jagadish Nangineni, the managing director, stated, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily tempered quarterly profitability, we are optimistic about expediting project completions, which will significantly improve our P&L performance.”
The company reported a sales value of ₹2,115 crore in Q3 FY26, reflecting a 52% year-on-year increase and an 11% sequential rise. The area sold during the quarter reached 1.37 million sq ft, up by 35% from the previous year, with an average price realization of ₹15,436 per sq ft.
For the first nine months of FY26, net profit surged 89% year-on-year to ₹102 crore, including ₹15 crore from the December quarter. Revenue for this period rose 16% year-on-year to ₹3,353 crore, while collections climbed 32% to ₹5,809 crore. Collections for Q3 FY26 were ₹1,985 crore.
The company achieved a further reduction in leverage, reporting a negative net debt of ₹792 crore, resulting in a net debt-to-equity ratio of -0.17. Gross debt stood at ₹910 crore.
During the quarter, Sobha expanded its residential portfolio with the launch of a new project in Mumbai.
Operationally, the company completed 915 homes in Q3 FY26, bringing the total deliveries for the first nine months to 2,100 units.
