Sobha Ltd - Real Estate Operational Update - Q2 FY 2026

Indian economy displayed resilient growth in Q2-FY26, navigating global headwinds arising from trade tariffs, geopolitical uncertainties, and regulatory challenges faced by Indian IT professionals in the US. Rather than hindering growth, these challenges were leveraged to diversify international trade partnerships and strengthen domestic demand, reaffirming strong adaptability. Rationalization and simplification in GST rates, a declining interest rate regime supported by lowinflation environment, is expected to further stimulate household consumption and domestic economic activity. In a significant milestone, S&P Global Ratings upgraded India's long-term sovereign credit rating to BBB stable from BBB- in August 2025, a level last witnessed in 1990, underscoring structural improvement in India's macroeconomic fundamentals. Real estate demand is a natural beneficiary of this growth trajectory.

In this backdrop, during Q2-FY26, SOBHA achieved real estate sales value of ₹19.03 Bn, reflecting a growth of 61.4% compared to Q2-FY25. SOBHA share of sales value was ₹15.37 Bn (80.8%). This translates into new sales area of 1.39 Mn sft, with an average price realization of ₹13,648 / sft.

- Bangalore contributed 69.7% of quarterly sales, with value of ₹13,264 mn, aided by improved sales momentum at SOBHA Town Park

- NCR contributed ₹3,097 mn, with major sales from SOBHA Aranya and SOBHA Aurum

- Kerala region added ₹1,848 mn to quarterly sales value, sustained by festive demand surge For the first half of FY 2026, we achieved sales value of ₹39.81 Bn, which is the best ever H1 performance, with the new sales area of 2.84 Mn sft.



Key Highlights

- Achieved highest-ever H1-FY26 sales value of ₹39,814 mn, a growth of 30.4% over H1-FY25

- During the quarter SOBHA completed 1.18 Mn sft of saleable area, delivering 591 homes across projects like SOBHA Manhattan Towers, SOBHA Sentosa, SOBHA Royal Pavilion in Bangalore, Marina One in Kochi, SOBHA Nesara in Pune and others.

- Launched one project - Extension of SOBHA Lifestyle, boutique luxury villa project spread across 2.12 Acres, located in North Bangalore, close to the International airport.

Shares of Sobha Limited was last trading in BSE at Rs. 1470.45 as compared to the previous close of Rs. 1516.50. The total number of shares traded during the day was 7918 in over 1245 trades.

The stock hit an intraday high of Rs. 1525.15 and intraday low of 1465.00. The net turnover during the day was Rs. 11768121.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty RealEstate OperationalUpdate