Financial Performance Highlights
- Revenue: ₹13.30 billion in Q1 FY27, representing a 48% year-over-year increase
- Profit After Tax (PAT): ₹0.51 billion in Q1 FY27, marking a 274% year-over-year increase
- Collections: ₹19.24 billion for Q1 FY27, registering an 8% year-over-year increase
- Net Debt: Negative ₹6.59 billion
- Net Debt-to-Equity Ratio: -0.14
Sales and Operational Performance
- Quarterly Real Estate Sales Value: ₹36.56 billion, up 76% year-over-year
- Average Price Realization: ₹15,655 per square foot in Q1 FY27
- Sold New Area: 2.34 million square feet in Q1 FY27, reflecting 62% year-over-year growth
- New Launches: 6.89 million square feet of saleable area across three projects in two cities during Q1 FY27
Management Commentary
Mr. Jagadish Nangineni, Managing Director of SOBHA Limited, stated that achieving the highest-ever quarterly sales was a significant milestone driven by successful new project launches in Bangalore and Gurgaon. He attributed the performance to customer trust in the brand, team dedication, and the company's unique operating model. The company remains focused on operational excellence and disciplined growth with a strong pipeline of projects ahead.
Company Background
Founded in 1995, SOBHA Limited is described as the only leading national real estate brand in India that offers international quality homes, commercial, and contractual projects delivered through a backward integration model. The company has cumulatively delivered 154.23 million square feet of developable area across 27 Indian cities. The company employs 4,400 people (Sobhaites) across offices and manufacturing units.