Sobha's Q4 Profit Soars 125% Year-on-Year, Shares Rise
Sobha rises after Q4 PAT spurts 125% YoY to Rs 92 cr
Business Standard
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Sobha Ltd. reported a remarkable 124.8% increase in consolidated net profit to ₹91.84 crore for Q4 FY26, driven by a 60.2% rise in revenue to ₹1,987.84 crore. The company's strong performance reflects its effective operational strategies and robust demand for premium housing.
- 01Sobha's consolidated net profit surged 124.8% YoY to ₹91.84 crore in Q4 FY26.
- 02Revenue from operations increased by 60.2% to ₹1,987.84 crore.
- 03Sales value grew 30% YoY, reaching ₹2,039 crore.
- 04The company plans significant project launches in FY27 to sustain growth.
- 05A dividend of ₹6 per equity share has been recommended, pending shareholder approval.
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Sobha Ltd., a leading real estate company in India, reported a 124.8% year-on-year increase in consolidated net profit, reaching ₹91.84 crore for the fourth quarter of FY26. This growth was fueled by a 60.2% rise in revenue from operations, totaling ₹1,987.84 crore. The profit before tax also saw a substantial increase of 116.6% YoY, amounting to ₹121.76 crore. The company's sales value for the quarter was ₹2,039 crore, reflecting a 30% growth compared to the previous year. Additionally, the sold area increased to 1.33 million sq. ft., an 18% rise YoY, with an average price realization of ₹15,268 per square foot. For the full fiscal year, Sobha's net profit rose 104.3% to ₹193.41 crore, with total collections reaching ₹7,798 crore. Jagadish Nangineni, the managing director, expressed optimism about the company's future, emphasizing their commitment to delivering quality products and sustaining growth. The board has also proposed a dividend of ₹6 per equity share, subject to approval at the upcoming annual general meeting.
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Sobha's strong financial performance indicates a healthy demand for premium housing, which could lead to job creation and economic growth in the real estate sector.
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