Sobha Limited Files BRSR for FY 2025-26 – 80% Solar Energy, 4,468 Employees Disclosed

Sobha Limited Discloses Comprehensive ESG Metrics in FY 2025-26 BRSR Filing

Sobha Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailing the company's environmental, social, and governance (ESG) performance. The report includes an Independent Assessment Statement on BRSR Core conducted by BSI Group India Pvt. Ltd., signaling third-party verification of the company's sustainability claims.

Solar Energy and Renewable Operations

Sobha Limited disclosed that it sources 80% of its electricity for corporate offices and facilities from solar energy. The company has commissioned rooftop solar installations of 225 kW and 750 kW at its Glazing and Interiors divisions. During FY26, Sobha recycled 246.7 ML of water, generated 1,732 MWh of energy from renewable sources and recorded 60.78 million man-hours across its projects.

The renewable energy deployment supports the company's FY2030 targets, which include sourcing 15% of energy from renewable sources and achieving 35% water recycled and reused.

Workforce and Labour Standards

The report highlights a workforce of over 30,000, significant solar energy adoption, and comprehensive waste management strategies. This includes both permanent staff and contract workers across the company's real estate, contracting, and manufacturing divisions. The disclosure reflects the scale of Sobha's operations across multiple Indian cities and its backward-integrated model, which encompasses in-house design, construction, manufacturing of interiors and concrete products, and facility services.

Water and Waste Management

To manage water scarcity risks, the firm deployed smart water meters across all projects and implemented integrated rainwater harvesting systems. The company implemented a 4R (Reduce, Reuse, Recycle, Recover) waste management strategy. Its Concrete Products Division is an authorized concrete waste recycling unit, where waste from external sources accounts for around 15% of raw materials. The report also noted the use of low-carbon blended cement (GGBS) and 60% PEFC-certified wood in interiors.

FY2030 Sustainability Roadmap

The company has established long-term ESG targets to be achieved by FY2030. These include reducing Scope 1 & 2 emissions by 10%, sourcing 15% of energy from renewable sources, and achieving 35% water recycled and reused. SOBHA City, Thrissur, Kerala, received India's first Net Water Positive (Platinum) Rating.

Financial Performance and Market Position

Sobha Limited reported its highest-ever annual sales value of ₹81.36 Bn in FY26, up 30% year-on-year, with Sobha's share of sales value rising 35% to ₹67.06 Bn. Standalone Profit After Tax surged 168.47% to ₹3,013.09 million, while consolidated revenue grew 29.33% to ₹53,837.65 million.

The company expanded to 13 cities, launched 6.04 million square feet of new projects and maintained a net cash position with ₹18,020 million in cash against gross debt of ₹10,023 million as on March 31, 2026. The company's borrowings were rated AA-/Positive by ICRA and IND AA-/Stable by India Ratings and Research during the year.

Board and Governance

The Board of Directors comprised seven directors as on March 31, 2026, including four Non-Executive Independent Directors, one Non-Executive Non-Independent Director and two Executive Directors. Walker Chandiok & Co LLP, the Statutory Auditors, expressed an Unmodified Opinion on both standalone and consolidated financial statements for the year ended March 31, 2026, with no qualifications or adverse remarks.

Developer Context

Sobha Limited, founded in 1995, has delivered 148 million sqft of built space across 600+ projects in 27 Indian cities and the Middle East, making it one of the top five Indian residential developers by delivered volume. The company is India's only fully backward-integrated real estate company. Operating across 13 real-estate cities and 8 states — Bengaluru, Delhi-NCR (Gurugram & Greater Noida), Mumbai, Pune, Chennai, Coimbatore, Kochi, Thrissur, Kozhikode, Hyderabad, and GIFT City — Sobha added Greater Noida and Mumbai during FY26. The company's contractual and manufacturing arm services a broader 27-city footprint across 14 states, executing EPC work for clients including Infosys, Wipro, HCL, Bosch, Dell, Biocon, ITC and the Taj Group of Hotels.