Sobha Limited Posts Historic Q1 FY27 Results, Sales Value Surges 76% to ₹36.56 Billion

Premium real estate developer Sobha Limited has delivered a record-breaking performance for the first quarter of the 2027 financial year, achieving its highest-ever quarterly sales value. The performance was driven by an aggressive project launch pipeline that met strong homebuying demand across India's top metropolitan markets.

Record-Breaking Presales Metrics

Sobha's core bookings grew substantially on both a year-over-year (YoY) and sequential quarter-over-quarter (QoQ) basis:

Total Sales Value: Presales value reached an all-time high of ₹36,561 million (₹36.56 billion), marking an explosive 76% YoY growth compared to ₹20,788 million in Q1 FY26 and a 79% jump QoQ from ₹20,393 million in Q4 FY26.

Sobha Share Value: The company's economic interest share of sales value rose to a historic high of ₹29,921 million (81.8% of total value).

Volumetric Growth: Total volume sold expanded 62% YoY to 2.34 million square feet across 1,432 residential units and plots.

Price Realization: The average price realization ticked up to ₹15,655 per square foot, rising 8.8% over the previous year's ₹14,395 per square foot and up 2.5% from the sequential winter quarter.

Regional Performance Anchored by Bengaluru and NCR

The tech corridors of Bengaluru and the premium pockets of Gurgaon accounted for over 94% of Sobha's total quarterly sales value:

Bengaluru: The developer's home turf registered its strongest-ever quarterly performance, generating ₹20.67 billion and contributing 56.5% of total company bookings.

National Capital Region (NCR): The Gurgaon market continued its high-value run, booking ₹13.84 billion to lock in 37.9% of the aggregate value.

Other Markets: The Kerala region added ₹1.34 billion (3.7%), while other operational cities collectively contributed the remaining ₹0.71 billion (1.9%).

Massive Project Launch Pipeline and Completions

Sobha unrolled 6.89 million square feet of fresh saleable area during the quarter across three primary project launches:

SOBHA OneWorld (East Bengaluru): A massive 47.4-acre luxury township featuring 3,484 homes across 5.39 million square feet. The development carries an estimated overall revenue potential of over ₹75 billion. The initial phase launched during the quarter includes 2,249 apartments spanning 3.43 million square feet.

SOBHA Crescent - Phase 1 (Sector 63A, Gurgaon): Part of an 11.99-acre high-end luxury residential complex. Phase 1 introduces 336 premium residences across 0.87 million square feet with a targeted sales pipeline of ₹22 billion.

Sacred Grove by the Lake (Chikka Tirupathi, Bengaluru): A 26-acre premium plotted development consisting of 388 plots spanning 0.63 million square feet.

On the execution front, the company completed and handed over 671 homes across 8 distinct projects, totaling 1.08 million square feet of finished saleable area.

Shares of Sobha Limited was last trading in BSE at Rs. 1440.75 as compared to the previous close of Rs. 1436.35. The total number of shares traded during the day was 13146 in over 901 trades.

The stock hit an intraday high of Rs. 1460.85 and intraday low of 1429.20. The net turnover during the day was Rs. 19054980.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty Q1FY27 OperationalUpdate