Sobha Limited Q1 FY27 Net Profit Surges 273% YoY to ₹50.85 Crore; Revenue Up 50%, EBITDA Margin Expands to 6.03%

Record Sales Momentum Drives Q1 FY27 Profitability Surge

Sobha Limited reported consolidated net profit of ₹50.85 crores in Q1 FY27 (April–June 2026), surging 273.35% year-on-year. Revenue from operations grew 50.02% to ₹1,278.15 crore, reflecting strengthening demand across the company's residential portfolio.

Managing Director Jagadish Nangineni noted that the quarter represented Sobha's highest-ever quarterly sales, driven by successful new project launches in Bangalore and Gurgaon. Real estate sales value rose 76% year-over-year to ₹3,656 crore, while new area sold surged 62% to 2.34 million square feet.

Margin Expansion and Operational Strength

EBITDA margin expanded to 6.03% in the quarter, up from 2.82% in Q1 FY26—a significant improvement from the prior-year base. The company completed 671 homes across 8 projects, totalling 1.08 million square feet of saleable area.

Collections for Q1 FY27 stood at ₹1,924 crore, up 8% year-over-year. As of Q1 FY27, Sobha remained net cash positive with a net cash position of ₹659 crore and a negative net debt-to-equity ratio of 0.14.

Project Launches and Geographic Expansion

Sobha launched 6.89 million square feet of saleable area across three projects in two cities during Q1 FY27. The launches spanned Gurugram and Bengaluru, continuing the developer's strategic geographic diversification.

About Sobha Limited

Founded on 7 August 1995 by P. N. C. Menon, Sobha Limited is one of India's fully backward-integrated real-estate developers. The company operates across 13 real-estate cities and 8 states—Bengaluru, Delhi-NCR (Gurugram and Greater Noida), Mumbai, Pune, Chennai, Coimbatore, Kochi, Thrissur, Kozhikode, Hyderabad, and GIFT City. Sobha has delivered over 139.03 million square feet of developable area across 27 Indian cities.