Sobha Limited FY26 Annual Report Filed: 13 Cities, ₹18,020 Mn Net Cash, 168% PAT Surge, ESG Targets Disclosed
Record Performance and Geographic Expansion
Sobha Limited reported its highest-ever annual sales value of ₹81.36 billion in FY26, up 30% year-on-year, with standalone Profit After Tax surging 168.47% to ₹3,013.09 million, while consolidated revenue grew 29.33% to ₹53,837.65 million. Bangalore contributed 55.0% of total sales value and recorded its highest-ever annual sales of approximately ₹45,000 million.
The company expanded its real estate presence to 13 cities during FY26, entering Greater Noida through SOBHA Aurum and Mumbai through SOBHA Inizio, and launched 9 new projects across 6 cities with total saleable area of 6.04 million square feet. NCR contributed 30.2% of sales, driven by the company's expansion into Greater Noida, while Kerala contributed 9.9% and Tamil Nadu and other regions contributed 4.9%.
Balance Sheet Strengthening and Cash Flow
The company maintained a net cash position with ₹18,020 million in cash against gross debt of ₹10,023 million as on March 31, 2026. Total operational cash inflow for FY26 was ₹77,985 million, with net operating cash flow of ₹16,367 million—a 39.4% increase over FY25, and real estate collections stood at ₹70,668 million.
Net worth stood at ₹47,199 million, with an average borrowing cost of 7.69% as of March 2026. The company's borrowings were rated AA-/Positive by ICRA and IND AA-/Stable by India Ratings and Research during the year.
Project Pipeline and New Market Entry
As on March 31, 2026, the company had 41.93 million square feet of ongoing developable area and a forthcoming pipeline of 20.67 million square feet across 13 residential projects in 7 cities and an upcoming commercial asset. New sales area stood at 5.54 million square feet, up approximately 19% from 4.68 million square feet in FY25, with average price realisation of ₹14,675 per sq. ft., reflecting 9% growth over the previous year's ₹13,412 per sq. ft.
ESG Performance and 2030 Targets
On the ESG front, 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 during FY26. The company targets a 10% reduction in Scope 1 and 2 GHG emissions by 2030.
The company's long-term ESG targets by FY2030 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.
Shareholder Returns and Governance
A dividend of ₹6 per equity share was recommended for FY26. Sobha Limited announced that unclaimed dividends for the financial year 2018-19 and associated equity shares will be transferred to the Investor Education and Protection Fund (IEPF) in October 2026, and the company has issued notices to affected shareholders, with the deadline to claim dues being September 15, 2026.
Developer Track Record
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 builder's 210 Bangalore projects covering 68 million sqft constitute the single largest luxury residential delivery footprint in the city, surpassing the next-placed Prestige Group by over 18 million sqft.