Sobha FY26 PAT Doubles to ₹193.40 Cr; Sales Value Reaches ₹81.36 Bn
Profit Doubles as Sobha Closes Record FY26
Sobha Limited reported a 125 per cent increase in net profit to Rs 91.83 crore in Q4 FY26 (ended March 2026), compared to Rs 40.4 crore in Q4 FY25, while revenues rose by 59.8 per cent year-on-year to Rs 2,300 crore. Full-year PAT surged 104% to ₹1.93 billion from ₹0.95 billion in FY25.
The Bengaluru-headquartered developer delivered strong performance across all business metrics in its fiscal year ending March 31, 2026, driven by resilient demand for premium residential housing across key markets.
Real Estate Sales Reach All-Time High
The developer reported sales value growth of 30 per cent year-on-year to Rs 8,135 crore in FY26, up from Rs 6,276 crore in FY25, with Q4 FY26 sales value at Rs 2,039 crore. In the last fiscal, the company sold 5.54 million square feet at an average realisation of ₹14,675 per square foot.
Bengaluru recorded its historic best, registering sales value of ₹4,478 crore (55% of total sales); Delhi-NCR clocked total sales value of ₹2,455 crore (30%); and the Kerala region contributed ₹808 crore (10%).
Balance Sheet Strengthens
Sobha Ltd achieved record operational performance for FY26, achieving INR 8,136 crores in real estate sales and transitioning to a net cash positive position of INR 800 crores. Total collections for FY26 reached Rs 7,798 crore.
This marks a significant inflection point for the developer's financial health. Sobha is the only developer among its peer group with a fully backward-integrated execution model, and its ICRA AA- rating and net-debt-negative balance sheet position it conservatively.
Capital Allocation and Outlook
The company's board has recommended a dividend of Rs 6 per fully paid-up equity share of face value Rs 10 each, along with a pro-rata dividend on partly paid-up equity shares for the quarter.
The company guided for a similar 30% sales growth in FY27 with a robust launch pipeline. During the last fiscal, Sobha launched 6.01 million sq ft of saleable area across 9 projects in 6 cities and completed 3,188 homes, amounting to 5.40 million sq ft of saleable area, across multiple projects.
Portfolio and Market Context
Established in 1995 and headquartered in Bengaluru, Sobha Limited operates across 27 cities and 14 states, and has delivered over 148 million square feet of premium residential and contractual space. As India's only truly backward-integrated developer, Sobha maintains unparalleled control over every stage, from conceptual design to the finest internal finish, with an industry-leading adherence to 1,456 quality checks before every single project handover.
The company concluded FY26 on a strong note, sustaining momentum over previous quarters. Despite global uncertainties, including trade policy shifts and geopolitical tensions in West Asia, India's residential real estate sector remained resilient, supported by robust domestic consumption and a stable home-buying environment.