logo
Sobha records sales value over Rs 2,000 crore in Q1 FY26; price realization drops by 10% YoY

Sobha records sales value over Rs 2,000 crore in Q1 FY26; price realization drops by 10% YoY

Sobha said that it has achieved quarterly real estate sales value of Rs 2,078.8 crore in Q1 FY26, which is higher by 11% as compared with the same period last year.
The company had recorded quarterly sales value of Rs 1,873.7 crore in Q1 FY25.
Sobha share of the sales value for Q1 FY26 was at Rs 1,717.2 crore, up 26% YoY. Average price realization for the period under review, however, fell by 10% YoY to Rs 14,395 per square feet.
The real estate developer stated that the sales value performance for the quarter was led by the launch of SOBHA Aurum in Greater Noida, which witnessed strong demand in the launch week underscoring the markets response to high-quality positioning in strategic location.
"The success marks a pivotal step in SOBHAs expansion strategy and reflects the growing appetite for premium housing beyond traditional Tier 1 cities, the company said.
Bangalore maintained a stable contribution of Rs 602.4 crore, Gurgaons contribution improved further to Rs 352.4 crore, Kerala contributed Rs 209.7 crore, and Tamil Nadus share was Rs 58.7 crore. Hyderabad and Pune remained muted during the period due to limited inventory.
During the quarter, SOBHA completed 1.07 million square feet of saleable area, delivering 594 homes across various projects.
The combined saleable area of new launches in Q1 FY26 was 1.62 million square feet.
Sobha is the leading national real estate brand in the country that offers international quality homes, and commercial and contractual projects delivered on time, through its backward integration model.
The companys consolidated net profit surged 481.2% to Rs 40.86 crore on 62.6% increase in revenue from operations to Rs 1,240.62 crore in Q4 FY25 over Q4 FY24.
The scrip shed 0.51% to currently trade at Rs 1507.95 on the BSE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years
Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years

Hans India

time13 minutes ago

  • Hans India

Centre approves Aqua Line extension to Bodaki MMTH, project to be completed in 3 years

Noida: In a major boost for urban connectivity in the NCR region, the Central government has approved the extension of the Noida Metro's Aqua Line from Depot Station to the upcoming Multimodal Transport Hub (MMTH) at Bodaki. The project is slated to be completed in three years. The Detailed Project Report (DPR) for the extension was earlier cleared by the Uttar Pradesh Cabinet. With the Centre's nod, the Noida Metro Rail Corporation (NMRC) will now proceed with construction. The proposed 2.6 km extension will include three stations -- the existing Depot Station, and two new stations at Junpat Village and Bodaki. The Bodaki MMTH is being developed as a major transit hub, integrating an interstate bus terminal (ISBT), railway station, and local bus stand -- aimed at strengthening multi-modal connectivity across the region. The project will use standard gauge (1,435 mm) tracks and a 25 kV AC overhead traction system, supported by SCADA controls. A topographical survey has already been completed, and geotechnical investigations are underway. The total cost of the project is estimated at Rs 416.34 crore. It will be implemented by the NMRC through a Special Purpose Vehicle (SPV) structure. The funding model includes 20 per cent contribution from the Central government (Rs 70.59 crore); 24 per cent from the UP government (Rs 91.08 crore); 60 per cent from domestic loans/NCR Planning Board (Rs 211.80 crore); PPP and land components (Rs 10.44 crore + land cost). The revised DPR for the Aqua Line extension from Sector-51 (Noida) to Knowledge Park V (Greater Noida) was approved by the UP government on November 29 last year and later forwarded to the Centre. It was presented in the 94th meeting of the Network Planning Group (NPG) and has received in-principle approval. It will now proceed to the Public Investment Board (PIB) for final clearance. Another DPR -- for a new corridor between Sector-142 and Botanical Garden in Noida -- was approved by the state government on June 28, 2024, and sent to the Union Ministry of Housing and Urban Affairs on July 2. It was reviewed in the 90th NPG meeting and has also received an in-principle recommendation.

Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know
Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know

India Today

time13 minutes ago

  • India Today

Realme 15 Pro launched: Top specs, key features, price in India, and everything else to know

Realme has officially launched the Realme 15 Pro in India, alongside the standard Realme 15. The company is focusing on a combination of sleek design, powerful AI features, and a massive battery. What makes the Realme 15 Pro stand out is its ability to pack a 7,000mAh battery into a slim 7.69mm frame, which is uncommon in smartphones today. The phone will be available in three colour options: Velvet Green, Silk Purple, and Flowing Silver. The open sales start on July 30 at 12 PM IST. Here is everything you need to know. advertisement Read More Realme 15 series: India prices, sale offers The Realme 15 Pro is available in multiple variants. The 8GB RAM + 128GB storage model is priced at Rs 28,999, whereas the 8GB RAM + 256GB storage model will cost you Rs 30,999. The 12GB RAM + 256GB storage will go on sale at Rs 32,999. These prices already factor in a launch offer of Rs 3,000 off through select bank cards. Realme 15: Top specs -Display: It features a 6.8-inch curved AMOLED panel with 144Hz refresh rate and 6,500nits peak brightness. -Chipset: It is powered by a Snapdragon 7 Gen 4 chipset. -Rear camera: One will see two 50-megapixel sensors at the back. -Front camera: There is a 50-megapixel camera with 4K 60fps video support. -Battery: It has a 7,000mAh battery under the hood with 80W fast charging. Realme 15: Key features advertisement The Realme 15 Pro is among the slimmest phones to feature a 7,000mAh battery, made possible through a new graphite-based single-cell battery tech. This allows higher energy density and more efficient power management, while keeping the weight to 187 grams. The company claims up to 83 hours of music playback or 22 hours of video streaming on a full charge. On the software front, Realme is pushing AI-driven features like AI Edit Genie, which allows voice-guided photo editing, and MagicGlow 2.0 to brighten low-light photos without loss in detail. AI also improves gaming with smarter frame rate management and cooling efficiency. The Realme 15 Pro also comes with IP69 water and dust resistance and Gorilla Glass protection. Despite the high-end specs and battery capacity, the design remains slim and lightweight, something Realme is heavily promoting. It is also the first phone in India to feature Qualcomm's Snapdragon 7 Gen 4 chipset, which can offer performance close to Snapdragon 8s Gen 3. - Ends Published By: Ankita Garg Published On: Jul 24, 2025

Cyient Q1 net up 7% to ₹158 cr
Cyient Q1 net up 7% to ₹158 cr

The Hindu

time13 minutes ago

  • The Hindu

Cyient Q1 net up 7% to ₹158 cr

Intelligent engineering solutions company Cyient's consolidated net profit for the quarter ended June rose 7% to ₹157.4 crore from the ₹147.6 crore a year earlier. The higher net profit came on a nearly 5% increase in total income to ₹1,781.5 crore (₹1,696.8 crore). 'At a group level, our cash position and profitability gives me immense confidence that we are well-positioned to drive growth across our balanced and diversified portfolio of DET, DLM, and semiconductors,' Executive Vice Chairman and Managing Director Krishna Bodanapu said. Cyient Group cash position stood ₹1,894 crore. The carve-out process initiated for Cyient Semiconductors is complete as per plan. Cyient Semiconductors will address high-growth opportunities in cutting-edge semiconductor technologies with capabilities in high-performance analog and mixed-signal ASIC across industries. It will play a pivotal role in shaping the future growth, he said. Cyient shares closed 2.95% lower at ₹1,242.25 each on the BSE.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store