Tag: Jagadish Nangineni

IndustryLatest Stories

Sobha Q3 FY26 Net Profit Drops by 28.87%

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…

IndustryLatest Stories

Sobha’s Q3 FY26 Sales Bookings Surge 52% to ₹2,115 Crore

NEW DELHI: Sobha Ltd, a prominent real estate firm, has announced a remarkable 52% surge in sales bookings, totaling ₹2,115.2 crore for the third quarter of this fiscal year. This growth is attributed to increased volumes and favorable price realization, buoyed by strong housing demand. In comparison, the Bengaluru-based company recorded sales of ₹1,388.6 crore during the same period last year. “We have achieved a historic quarterly performance, with record real estate sales of ₹2,115 crore,” Sobha Ltd noted in its regulatory announcement on Saturday. In terms of physical sales, Sobha Ltd sold 1,370,340 sq ft from October to December,…

IndustryLatest Stories

Sobha Q2 FY26 Net Profit at ₹72.52 Crore

NEW DELHI: Sobha has reported a net consolidated profit after tax of ₹72.52 crore for the quarter ending September 30, 2025. This marks an increase from the profit after tax of ₹26.08 crore recorded in the same quarter of the previous fiscal year, as stated in the company’s BSE filing. The company’s net consolidated income reached ₹1,469.32 crore, reflecting a growth of 52.22% from ₹965.29 crore in the equivalent quarter last year. “With a strong pipeline of 16.69 million sq ft of future launches planned over the next six quarters, a robust balance sheet, and stable demand, we are well-positioned…

IndustryLatest Stories

Sobha Q1 FY26 Net Profit at ₹13.61 Crore

NEW DELHI: Sobha has reported a remarkable 124.96% increase in its net consolidated profit for the quarter ending June 30, 2025. The profit after tax reached ₹13.61 crore in Q1 FY26, compared to ₹6.05 crore in the same quarter of the previous fiscal year, as per a BSE filing. The company’s net consolidated total income was ₹901.40 crore in Q1 FY26, marking a growth of 34.57% from ₹669.85 crore in the corresponding quarter last year. Published On Jul 25, 2025 at 06:34 PM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…