Sobha Ltd's Q3 Sales Soar 52% on Strong Housing Demand
Sobha Ltd, a prominent real estate company based in Bengaluru, has announced a significant 52% increase in sales bookings to Rs 2,115.2 crore in the third quarter of the fiscal year 2025-26. This surge is attributed to higher volumes and improved price realisation amidst a strong housing demand.
In the corresponding period of the previous fiscal, Sobha Ltd sold properties worth Rs 1,388.6 crore. The company has achieved a historic quarterly performance, marking the highest-ever real estate sales value of Rs 2,115 crore, as stated in a regulatory filing on Saturday.
In terms of volumes, Sobha Ltd sold 13,70,340 square feet during the October-December period of this fiscal, up from 10,16,367 square feet in the same period of the previous year. The average price realisation also saw an improvement, rising to Rs 15,436 per square foot from Rs 13,663 per square foot.
The majority of the sales, worth Rs 1,512 crore, were recorded in Bengaluru, followed by Rs 349 crore in the Delhi-NCR market. This performance highlights the company's strong presence and market traction in key urban centers.
Over the first nine months of the fiscal year 2025-26, Sobha Ltd's sales bookings have risen by 37% to Rs 6,096.7 crore, up from Rs 4,440.8 crore in the same period of the previous year. For the full fiscal year 2024-25, the company's sales bookings stood at Rs 6,276.5 crore with volumes of 46,79,825 square feet.
Sobha Ltd is one of the leading real estate developers in India, with a presence across 13 cities, including Mumbai, where it has recently expanded its operations. Despite a 16% decline in housing sales to 98,019 units across the top 9 cities in the October-December period, as reported by data analytics firm PropEquity, Sobha Ltd continues to perform exceptionally well.
The company's success can be attributed to its strategic focus on key markets and its ability to meet the growing demand for quality housing. Sobha Ltd's robust financial performance and market presence make it a key player in the Indian real estate sector, poised for further growth in the coming years.
