Latest news with #SOBHA
Business Standard
08-07-2025
- Business
- Business Standard
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.
Business Standard
30-05-2025
- Business
- Business Standard
Sobha gains after Q4 PAT soars 481% YoY to Rs 41 cr
Sobha jumped 3.58% to Rs 1,437.10 after the company's 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. Profit before tax (PBT) soared 415.2% YoY to Rs 56.21 crore in the quarter ended 31st March 2025. EBITDA stood at Rs 124.2 crore in Q4 FY25, up 37% compared with Rs 90.5 crore posted in corresponding quarter last year. EBITDA margin reduced 9.8% in Q4 FY25 as against 11.4% in Q4 FY24. In Q4 FY25, total sales value rose 22% year-on-year to Rs 1,836 crore. Average price realization increased 5% YoY to Rs 11,781 per sq ft, while new sales area grew 16% YoY to 1.56 million sq ft in Q4 FY25. Collections for Q4 FY25 stood at Rs 1,785 crore, registering a growth of 7% YoY. For full year, the companys consolidated net profit net profit jumped 92.8% to Rs 94.69 crore on 30.4% increase in net sales to Rs 4,038.69 crore in FY25 over FY24. Jagadish Nangineni, managing director, Sobha said, Q4 FY25 reflected steady and encouraging progress for SOBHA, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows. The rights issue has further strengthened our financial position, enabling us to stay focused on execution and expansion. With the real estate sector continuing to perform well, we see strong potential in the year ahead. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities. Our unwavering commitment to delivering high-quality homes remains our core focus. As we move forward, Sobhas dedication to excellence, innovation, and stakeholder trust will continue to guide our growth and reinforce our position in the sector. Meanwhile, the companys board recommended a dividend of Rs 3 per share for FY25, subject to the approval of the members in the forthcoming annual general meeting (AGM). 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.
