Latest news with #Sobha
News18
7 days ago
- Business
- News18
Nifty Realty Index Jumps 4% on Q1 Pre-Sales Optimism; Prestige, Sobha Lead Gains
Last Updated: The Nifty Realty index continued its upward momentum for a fourth straight session on July 17; What investors need to know Nifty Realty Index: The Nifty Realty index continued its upward momentum for a fourth straight session on July 17, rising over 1% even as broader markets remained subdued. Nearly all index constituents traded in the green, with stocks like Prestige Estates, Sobha, and Brigade Enterprises gaining between 1% and 2% intraday. Over the past four trading days, the realty index has climbed 4%, significantly outperforming the benchmark Nifty 50, which remained largely flat. The recent rally has been fueled by strong Q1 pre-sales figures. Prestige Estates led the pack with a staggering 300% year-on-year (YoY) rise in bookings to Rs 12,126 crore. Sobha followed with a 26% YoY increase to Rs 1,717 crore, while Macrotech Developers posted a 10% growth to Rs 4,450 crore. After a tepid FY25 for new bookings, Q1FY26 has seen a sharp rebound—driven by a low base, easing approval bottlenecks, and robust demand. Brokerage Jefferies expects around 60% YoY growth in pre-sales for its coverage universe in Q1, citing strong launches and improving approvals. It also believes the sector could benefit from potential mortgage rate cuts, which may lead to upward revisions in estimates. Major launches that supported the surge included DLF's Rs 11,000 crore pre-sales at its Privana project in Gurgaon, Prestige's Rs 6,500–7,000 crore booking in the NCR region, Oberoi Realty's Rs 1,000 crore from Elysian Phase 2, and Godrej Properties' Rs 2,000 crore from a new project. Jefferies also noted the sector's strong financial health, supported by healthy cash flows and low leverage, as a key positive going forward. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
14-07-2025
- Business
- Mint
Sobha Ltd eyes big FY26 comeback with launches beyond Bengaluru
Real estate developer Sobha Ltd has staged an impressive rebound after a lacklustre performance in FY25. In the June quarter (Q1FY26), the company reported its highest-ever quarterly pre-sales at ₹2,079 crore—up 11% year-on-year and 13% sequentially. With this, the company crossed the ₹2,000 crore threshold in pre-sales for the first time. This recovery was driven by new project launches totalling 1.62 million square feet (msf) in Q1, which included Sobha Aurum, the company's debut in the Greater Noida market, and the final four towers at the Marine One project in Kochi. On the execution front, Sobha completed 1.07 msf of developments during the quarter, delivering 594 homes across projects such as Sobha Royal Pavilion and Sobha Windsor in Bengaluru, Sobha City in Gurugram, and Sobha Conserve and Sobha Arbor in Chennai. Importantly, the share of its core market Bengaluru stood at 32% by volume in Q1FY26, but the National Capital Region led with a 49% share in geographical mix aided by traction in the Greater Noida project. In value terms, Bengaluru remained a key market, contributing ₹602.4 crore, supported by sales in existing projects like Sobha Town Park, Sobha Ayana, and Sobha Neopolis. A broader geographical footprint is expected to lower Sobha's concentration risk and sustain sales momentum. The company plans to launch new projects in the second half of FY26 across key markets including Gurgaon (Sector 63A), Pune, Mumbai, and Bengaluru. 'With 19.27 msf of upcoming projects and an additional 24.27 msf of developable land, Sobha has strong visibility into future growth. We expect 9-10 msf to be launched in FY26," AntiqueStock Broking said in a report dated 8 July. If all the planned launches materialize, Sobha may touch ₹10,000 crore in FY26, estimates Antique. Sobha had ended FY25 with pre-sales of ₹6,280 crore, missing its guidance of ₹8,500 crore given at the beginning of the year. If current momentum holds, it could pave the way for a stock recovery. Shares of Sobha have fallen 23% in the past year, underperforming the Nifty Realty index's 12% decline. Launch delays weighed on the company's performance last year. HDFC Securities' analysts noted that regulatory approvals are now back on track, especially in key markets such as the NCR and Bengaluru. This easing of bottlenecks is expected to accelerate Sobha's project launches over the next two to three quarters. 'This revival will not only assist with project pipeline visibility but also help inventory monetization and scale-based margin recovery," said the HDFC Securities report dated 8 July.
Business Upturn
09-07-2025
- Business
- Business Upturn
Sobha's pre-sales surge to record high, but housing volume softness remains a concern
By Markets Desk Published on July 9, 2025, 08:08 IST Nuvama Institutional Equities has maintained its 'Buy' rating on Sobha Ltd., with a target price of ₹1,784, after the company reported its highest-ever quarterly pre-sales of ₹2,080 crore in Q1, led by a strong showing in the National Capital Region (NCR). For the first time, NCR accounted for 49% of total sales, overtaking Bengaluru's 32% share, marking a significant shift in Sobha's regional mix. This geographic diversification is in line with the company's stated strategy to de-risk from its traditional Bengaluru-heavy exposure and tap into high-growth markets like Delhi-NCR, Pune, and Hyderabad. Nuvama sees this expansion as critical to maintaining growth momentum. The company's launch pipeline is strong, and it continues to build out projects in both mid-income and premium housing segments. Moreover, Sobha's in-house backward integration across construction and materials helps it maintain quality and cost control, giving it an edge in execution. However, the brokerage did raise caution around macro softness in the broader housing market, particularly in Tier I cities where elevated property prices and higher borrowing costs are beginning to pinch demand. While volume softness is not yet acute, it remains a key risk if the Reserve Bank of India delays rate cuts further. Still, Nuvama believes Sobha's operational discipline, strong brand recall, and robust project pipeline put it in a favourable position to navigate near-term volatility. It expects demand to remain healthy in NCR and sees upside to the stock if interest rates soften in the second half of FY26. Ahmedabad Plane Crash Markets Desk at
Time of India
08-07-2025
- Business
- Time of India
Sobha posts pre-sales of ₹2,078 crore in Q1 FY26
NEW DELHI: Sobha reported its highest-ever quarterly real estate sales in the first quarter of FY26, recording pre-sales of ₹2,078 crore. The company's share of the sales stood at ₹1,717 crore. The quarterly performance was driven by robust demand across its key markets and the successful launch of Sobha Aurum in Greater Noida , the company's first project in the city. The total area sold during the quarter stood at 1.44 million sq ft, at an average realization of ₹14,395 per sq ft. Regional performance Bengaluru remained the top contributor with ₹602 crore in sales, followed by Gurugram at ₹352 crore. Kerala contributed ₹210 crore, supported by the launch of additional towers in the Marina One project in Kochi. Tamil Nadu added ₹59 crore, while Hyderabad and Pune saw muted activity due to limited inventory availability. Deliveries and launches Sobha delivered 594 residential units across 1.07 million sq ft during the quarter, including projects in Bengaluru, Gurugram, and Chennai. The company also launched two projects with a combined saleable area of 1.62 million sq ft: Sobha Aurum, Greater Noida : 420 units over 701,051 sq ft. Marina One, Kochi : 362 units across 920,593 sq ft. The company's real estate footprint now spans 13 cities.
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.
