StockWatch
·
Filing
Q2

Sobha Limited

SOBHAFY2617 Oct 2025
Revenue+65.2%
Net Profit+432.6%
OPM6.79%

P&L

Quarterly Consolidated

Revenue
+65.2%1.4K
Expenditure
+55.2%1.4K
Net Profit
+432.6%72.53
NPM 4.94%+227.2%EPS ₹6.78+433.9%

vs Q1 FY26

Sobha Ltd Maintains Growth Momentum in Q2 FY26 With Record Collections, PAT Up 178% YoY

17 Oct 2025 · 17 Oct 2025, 05:22 pm

Summary

Sobha Ltd announced its Q2 FY26 results, highlighting steady growth driven by consistent performance, sustained demand, and healthy cash flows. The company achieved a historic cash flow performance crossing Rs. 2,000 Crore for the first time.

Key Highlights

  1. 1

    PAT stood at Rs 0.73 bn, marking a 178% YoY increase, 433% QoQ increase

  2. 2

    Revenue was Rs 14.69 bn, registering a 52% YoY growth, 63% QoQ increase

  3. 3

    Collections contributed Rs. 20.46 bn, registering a 49% YoY increase, 15% QoQ increase

  4. 4

    Net debt continuously reduced and currently stands at -7.51 bn resulting in Net Debt-to-Equity ratio of -0.16

  5. 5

    Achieved highest-ever H1-FY26 sales value of 39,814 mn, a growth of 30% over H1-FY25

  6. 6

    Quarterly sales value reached Rs. 19.03 bn, up 61% YoY

  7. 7

    Newarea sold stood at 1.39 mn sq. ft., marking a 50% YoY increase

  8. 8

    Average price realization stood was Rs. 13,648 per sq. ft.

Management Comments

J

Jagadish Nangineni

We delivered a strong and stable performance in Q2 FY26, building on the momentum created in the previous quarter in terms of real estate sales, with highly integrated sales and marketing efforts. It also reflects the steady demand for luxury residential real estate in a growth economy, with improving macroeconomic parameters & timely government interventions. Our project delivery teams have also increased the pace of project completions with world-class quality across cities, with completions of 2.25 mn sft (1185 homes) in the first half of the year. Improved profitability would reflect as we increase the volume of deliveries in higher margin projects. With a clear pipeline of 16.69 mn sft of future launches in the next six quarters, strong balance sheet and a stable demand environment, we are well positioned for growth and to capitalize on potential opportunities. Our unique backward integrated model would drive quality, reliability and scale for the company.

Informational and educational content only. Not investment advice.