SOBHA Delivers Its Best-Ever Year in FY26

SOBHA Limited has closed the 2025-26 financial year on a historic high, reporting its best-ever performance across sales, revenue, and profitability. According to its regulatory filing, the Bengaluru-headquartered developer achieved its highest-ever annual sales bookings of ₹8,135.9 crore during FY26, up sharply from ₹6,276.5 crore in the preceding year. This translates to a 30% year-on-year jump in booking value, driven by strong volumes and improved price realisations across the company's key markets.

The fourth quarter alone contributed ₹2,039.3 crore in pre-sales, an 11% increase over the ₹1,835.7 crore recorded in the same quarter last year. For the full fiscal, SOBHA sold 5.54 million square feet of residential space at an average realisation of ₹14,675 per square foot. Bengaluru remained the company's biggest revenue driver, registering its historic best with sales worth ₹4,478 crore, accounting for 55% of total bookings. Delhi-NCR contributed ₹2,455 crore (30% of sales), while the Kerala market added ₹808 crore, or 10% of the total.

On profitability, SOBHA's turnaround was equally striking. Consolidated FY26 profit after tax surged 104% to ₹193 crore, compared to ₹95 crore in FY25. Standalone PAT jumped even further, rising 168.47% to ₹301.3 crore, while consolidated revenue grew 29.33% to ₹5,383.8 crore. The fourth quarter saw net profit more than double to ₹91.8 crore from ₹40.9 crore a year earlier, on quarterly revenue of ₹1,988 crore.

Perhaps the most significant shift for long-term investors and homebuyers alike is SOBHA's balance sheet transformation. The company moved to a net cash-positive position of ₹800 crore as of March 31, 2026, with cash reserves of ₹1,802 crore against gross debt of just ₹1,002.3 crore. This marks a considerable de-risking of the company's finances, giving it more headroom to fund new land acquisitions and project launches without leaning heavily on debt.

Commenting on the year, the company noted that FY26 held up well despite external headwinds. "Sobha concluded FY26 on a strong note, sustaining the momentum built over the previous three quarters. Despite global uncertainties, including trade policy shifts and geopolitical tensions in West Asia, India's residential real estate sector remained resilient, supported by robust domestic consumption and a stable home-buying environment," the company said in its filing.

Operationally, SOBHA expanded its footprint to 13 cities during the year, adding Greater Noida and Mumbai to its portfolio. The company launched 6.01 million square feet of new saleable area across 9 projects in 6 cities, and completed 3,188 homes spanning 5.40 million square feet. Looking ahead, management has guided for another 30% growth in sales bookings for FY27, targeting gross sales of roughly ₹10,600 crore, backed by an unrecognized revenue pipeline of about ₹18,600 crore and a launch pipeline extending to nearly 20 million square feet through FY28.

The momentum has already carried into the new fiscal year. In Q1 FY27, SOBHA posted its highest-ever quarterly sales of ₹3,656 crore, a 76% year-on-year jump, powered by strong demand for newly launched projects including SOBHA One World in Hoskote and SOBHA Crescent in Gurugram. Managing Director Jagadish Nangineni called it a milestone that "underscores customers' deep trust in our brand, the dedication of our team, and our unique operating model."

For homebuyers, this record run signals more than just strong stock market sentiment. A financially stronger, net cash-positive developer is better positioned to deliver projects on schedule, fund construction without relying on buyer collections alone, and invest in new launches across established and emerging micro-markets. With SOBHA scaling up its presence in Bengaluru, NCR, Mumbai, Pune, and other cities, buyers can expect a wider range of premium housing options backed by the company's long-standing reputation for backward-integrated, quality-focused construction.