Sobha Q1 FY26 Profit Doubles to Rs. 13.6 Cr on Record Sales

Sobha, the Bengaluru‑based premium real estate developer, reported a strong turnaround in Q1 FY26, with consolidated net profit rising to Rs. 13.61 crore—a 124.96 percent  increase year‑on‑year from Rs. 6.05 crore in Q1 FY25.

Total income surged to Rs. 901.4 crore, up 34.6 percent from Rs. 669.85 crore in the same quarter last year. The uplift in results was driven by record quarterly sales, robust demand for premium apartments, and higher realizations across key urban markets. Sobha logged its highest-ever Q1 sales bookings, crossing Rs. 2,078 crore, fueled by buoyant buyer interest in spacious, amenity-rich developments.

Key Highlights

• Net profit doubled from Rs. 13.61 crore in Q1 FY26 vs Rs. 6.05 crore a year ago
• Revenue jumped from Total income up 34.6 percent to Rs. 901.4 crore
• Record sales bookings; Crossed Rs. 2,078 crore with 14.44 lakh sq. ft. sold

The company sold approximately 14.44 lakh sq. ft. during the quarter, delivering 594 homes across its projects.

Sobha’s integrated construction model and strategic timing of new project launches—enabled by easing regulatory approvals after last year’s election-related delays—have supported this resurgence. Managing Director Jagadish Nangineni highlighted Sobha’s strong balance sheet and demand environment as key enablers for sustained growth moving forward. Analysts, including HSBC, view FY26 as a "turnaround" year for the developer as project bottlenecks clear and demand stabilizes.

Also Read: Sobha Launches Rs. 800 Cr Luxury Project in Greater Noida

With a recovery in housing demand, Sobha’s performance sets the stage for continued momentum through the fiscal year. The sharp rise in profitability and sales signals renewed confidence in premium realty themes.