Sobha Limited Q1 FY27 Sales Surge 76% YoY to ₹3,656 Crore, PAT Jumps 274% to ₹51 Crore
Sobha Limited reported record Q1 FY27 sales of ₹3,656 Crore, up 76% YoY. PAT increased 274% to ₹51 Crore. Revenue grew 48% to ₹1,330 Crore, and collections rose 8% to ₹1,924 Crore. The company sold 2.34 million sq. ft., a 62% YoY increase, with an average price realization of ₹15,655 per sq. ft.
The substantial increase in sales, revenue, and PAT, along with record-breaking quarterly performance, is expected to have a significant positive impact on the company's financial standing and investor confidence.
The company reported record sales and significant year-on-year growth in revenue and profit, indicating strong business performance and positive market reception.
Sobha Limited has reported a record-breaking first quarter for FY27, commencing the fiscal year with significant growth in sales and profitability. The company achieved its highest-ever quarterly sales value, reaching ₹3,656 Crore (₹36.56 billion), a 76% year-on-year increase. This surge is attributed to sustained demand for premium homes, the strength of the Sobha brand, and customer confidence across key markets, further bolstered by successful new project launches in Bangalore and Gurgaon.
The company's financial performance for Q1 FY27 saw revenue increase by 48% year-on-year to ₹1,330 Crore (₹13.30 billion). Profit After Tax (PAT) witnessed a substantial jump of 274% year-on-year, reaching ₹51 Crore (₹0.51 billion). Collections for the quarter stood at ₹1,924 Crore (₹19.24 billion), an 8% increase year-on-year. The company also reported a negative net debt of ₹-659 Crore (₹-6.59 billion), with a Net Debt-to-Equity ratio of -0.14.
Operationally, Sobha Limited sold a new area of 2.34 million sq. ft., marking a 62% year-on-year growth. The average price realization was ₹15,655 per sq. ft. During the quarter, the company launched 6.89 million sq. ft. of saleable area across three projects in two cities.
Mr. Jagadish Nangineni, Managing Director, Sobha Limited, expressed optimism about the performance, highlighting the customers' trust in the brand and the dedication of the team. He stated that the company is well-positioned to sustain this momentum with a strong pipeline of projects, focusing on operational excellence and disciplined growth to deliver value to stakeholders.
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Sobha Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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