Sobha Ltd shares in focus as Q1 PAT surges 123% YoY

Sobha Ltd is expected to be in the spotlight on Monday after the real estate developer reported a sharp 123% year-on-year (YoY) jump in profit after tax (PAT) for the first quarter of FY26. PAT rose to Rs 13 crore from the previous year’s figure, while revenue for the quarter stood at Rs 901 crore, marking a 35% YoY increase.

The company also achieved a significant milestone in its real estate operations by crossing the Rs 2,000 crore mark in quarterly sales for the first time. Sobha recorded its highest-ever quarterly sales value of Rs 2,079 crore, an 11% increase compared to the same period last year. Total collections during the quarter also rose 15% YoY to Rs 1,778 crore.

Sobha continued to maintain a strong balance sheet and improved its net debt position. As of the end of the quarter, the company reported a negative net debt of Rs 687 crore, translating to a Net Debt-to-Equity ratio of -0.15.


Commenting on the performance, Jagadish Nangineni, Managing Director of Sobha Ltd, stated that the company achieved its highest-ever quarterly sales driven by robust demand across key cities. He highlighted the successful launch of the company’s first project in Greater Noida as a pivotal milestone and credited Sobha's backwards-integrated delivery model for consistent performance and operational excellence. Nangineni reiterated the company’s commitment to quality, reliability, and transparency, and emphasised ongoing investments in new opportunities, people, technology, and processes.

From an operational standpoint, new area sold during the quarter stood at 1.44 million square feet, reflecting a 23% increase YoY. The company achieved an average price realisation of Rs 14,395 per square foot and launched a saleable area of 1.62 million square feet during the quarter.

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Ahead of its Q1 results, Sobha Ltd shares closed 1% lower at Rs 1,612.65 on the BSE on Friday.

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