Tag: Jagadish Nangineni

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Sobha’s Q1 FY27 Net Profit Soars 274% to ₹50.84 Crore

NEW DELHI: Sobha has announced a remarkable 273.5% increase in its net consolidated profit after tax, totaling ₹50.84 crore for the quarter ending June 30, 2026, compared to ₹13.61 crore during the same period last year. The company’s net consolidated total income rose 47.6% to ₹1,330.17 crore in Q1 FY27, up from ₹901.40 crore in Q1 FY26. Real estate sales value surged 76% year-on-year, reaching ₹3,656 crore. The company sold 2.34 million sq. ft. in this quarter, a 62% increase compared to the previous year. Collections saw an 8% increase year-on-year, amounting to ₹1,924 crore. The average sales realization was…

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Sobha Q1 FY27 Sales Reach ₹3,656 Crore

NEW DELHI: In Q1 FY27, Sobha achieved quarterly sales worth ₹3,656 crore, marking a 76% increase compared to the same quarter last year. The company sold 2.34 million sq ft this quarter, a year-on-year rise of 62%, across 1,432 homes and plots, representing a 78% increase. Their sales value share reached ₹2,992 crore, the highest for any quarter to date. Bengaluru’s sales accounted for ₹2,067 crore, contributing 56.5% of total sales this quarter. NCR recorded ₹1,384 crore in sales, which comprised 37.9% of overall sales. Kerala contributed ₹134 crore, or 3.7% of total sales, while other cities combined contributed ₹71…

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Sobha Announces FY26 Net Profit of ₹193.40 Crore

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…

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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…

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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,…

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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…

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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…