Sobha has announced a 28.87 percent decrease in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax was reported at ₹15.42 crore in Q3 FY26, compared to ₹21.68 crore recorded in the same quarter of the previous fiscal year, as stated in a filing to the BSE.
The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, reflecting a decline of 21.78 percent from ₹1,256.87 crore in the corresponding quarter last year. Jagadish Nangineni, the managing director of the company, remarked, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily impacted quarterly profitability, we are fully confident in our ability to accelerate project completions in the future, which will significantly enhance our P&L performance.”
The company reported a sales value of ₹2,115 crore in Q3 FY26, marking a year-on-year growth of 52% and an 11% increase sequentially. The area sold during the quarter was 1.37 million sq ft, up 35% from the previous year, with an average price realization of ₹15,436 per sq ft.
For the first nine months of FY26, the company’s net profit surged by 89% year-on-year to ₹102 crore, which includes ₹15 crore contributed in the December quarter. Revenue for this nine-month period rose by 16% year-on-year to ₹3,353 crore, while collections increased by 32% to ₹5,809 crore. Collections for Q3 FY26 amounted to ₹1,985 crore. The company also reported a further reduction in leverage, with net debt becoming negative at ₹792 crore, resulting in a net debt-to-equity ratio of -0.17.
Gross debt during this period was recorded at ₹910 crore. In the quarter, the company expanded its residential presence by launching a project in Mumbai. Operationally, Sobha completed 915 homes in Q3 FY26, bringing the total deliveries for the first nine months of the fiscal year to 2,100 units.
