Sobha Limited announced its financial results for the third quarter of the fiscal year 2026, ending December 31, 2025. The company achieved its highest-ever quarterly sales value in Q3 FY26, amounting to ₹21.15 billion, representing a significant year-on-year growth of 52% and a quarter-on-quarter increase of 11%.

New area sold during the quarter reached 1.37 million square feet, a 35% increase compared to the same period last year, with an average price realization of ₹15,436 per square foot.

Financially, Profit After Tax (PAT) for the first nine months of FY26 stood at ₹1.02 billion, an 89% year-on-year growth from 9M FY25, with ₹0.15 billion contributed in Q3 FY26. Revenue for the nine-month period was ₹33.53 billion, a 16% year-on-year increase, with ₹9.83 billion generated in Q3 FY26. Collections for 9M FY26 amounted to ₹58.09 billion, a 32% year-on-year growth, with ₹19.85 billion collected in Q3 FY26.

The company's net debt has been continuously reduced, currently standing at a negative ₹7.92 billion, resulting in a Net Debt-to-Equity ratio of -0.17. This robust financial position allows Sobha to capitalize on opportunities. The company also expanded its real estate presence by entering the Mumbai market with the launch of SOBHA Inizio, bringing its total presence to 13 cities across India.

Mr. Jagadish Nangineni, Managing Director, highlighted the exceptional performance in the first nine months of FY26, with real estate sales reaching an all-time high of ₹6,097 crore. He expressed confidence in sustaining this momentum, supported by planned project launches and a resilient Indian macroeconomic environment. The manufacturing and contracting businesses continue to perform steadily, reinforcing the company's backward-integrated execution model. In Q3, 915 homes were completed, bringing the cumulative deliveries for the first nine months to 2,100 homes. While acknowledging temporary moderation in quarterly profitability due to procedural delays in securing Occupancy Certificates (OCs), he remains confident in accelerating project completions. The company's gross debt is a prudent ₹910 crore, with negative net debt, strengthening its balance sheet for future growth.