Sobha This fall biz replace: Gross sales rise 11% YoY to Rs 2,039 crore as firm closes FY26 with document figures
“Regardless of international uncertainties, together with commerce coverage shifts and geopolitical tensions in West Asia, India’s residential actual property sector remained resilient, supported by sturdy home consumption and a secure home-buying atmosphere,” the corporate stated in a submitting to the exchanges.
Common value realization per sq. foot within the quarter stood at Rs 15,268, up from Rs 11,781 per sq. foot within the year-ago interval.
Bangalore contributed Rs 1,037 crore, accounting for 51% of general gross sales. The NCR area recorded Rs 610 crore, supported by the launch of SOBHA Rivana in the direction of the tip of March 2026.
For the complete monetary yr, Sobha achieved its highest-ever annual gross sales, recording Rs 8,136 crore, with a brand new gross sales space of 5.54 million sq. ft at a median realization of Rs 14,675 per sq. foot.
Bangalore posted a historic greatest, with gross sales of Rs 4,478 crore, contributing 55% to the overall, pushed by sturdy efficiency throughout all tasks.
The NCR area recorded Rs 2,455 crore in complete gross sales (30%), whereas Kerala contributed Rs 808 crore (10%), supported by new towers in Marina One, Cochin, and a brand new mission launch in Trivandrum. Different cities contributed Rs 396 crore, accounting for five% of complete gross sales.Sobha shares ended at Rs 1,167.90 on the NSE on Thursday, down Rs 30 or 2.5% from the earlier shut.
The inventory has fallen 24% up to now six months amid a market-wide rout, largely pushed by the Iran-Israel battle. It’s at present buying and selling beneath its 50-day and 200-day easy transferring averages (SMAs) of Rs 1,290 and Rs 1,350, respectively, in keeping with Trendlyne information.
Additionally learn: Financial institution of Baroda This fall replace: PSU lender stories 14% YoY development in international enterprise; deposits rise 12%
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