Sobha's Q1 FY 2026-27 Quarterly Results

Result Summary

• Sobha Ltd reported a 34.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 47.6%.
• Its expenses for the quarter were down by 33.9% QoQ and up 42.8% YoY.
• The net profit decreased 44.6% QoQ and increased 273.3% YoY.
• The earnings per share (EPS) of Sobha Ltd stood at 4.75 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Sobha Ltd is a prominent player in the real estate and construction industry, primarily involved in the development of residential and commercial projects. The company is known for its focus on high-quality construction and timely delivery of projects. As a leading real estate developer, Sobha Ltd's portfolio includes luxury apartments, villas, and commercial spaces, with a significant presence in various cities across India. There are no specific recent major developments provided in the data, but Sobha Ltd continues to be a key name in its sector. The company’s reputation for quality and innovation has been a driving force in its growth and market presence.

Revenue

During Q1 of FY27, Sobha Ltd reported a total income of ₹1330.17 crores. This reflects a decrease of 34.5% when compared to the previous quarter, Q4 of FY26, where the total income was ₹2029.93 crores. However, when compared to the same quarter in the previous year, Q1 of FY26, there was a significant increase of 47.6%, as the total income for Q1FY26 was ₹901.41 crores. The year-over-year growth indicates an upward trend in revenue over the past year, despite the sequential drop from the previous quarter. This fluctuation in revenue can be analyzed further for understanding the underlying factors affecting these changes.

Profitability

Sobha Ltd's profitability metrics for Q1 FY27 show a profit before tax of ₹69.26 crores, which marks a decrease of 43.2% from the previous quarter's figure of ₹121.87 crores. Compared to Q1 FY26, where the profit before tax was ₹18.65 crores, there is a substantial increase of 271.4%. The tax expense for Q1 FY27 was ₹18.28 crores, down by 38.9% from Q4 FY26, and up by 263.4% from Q1 FY26. The profit after tax for Q1 FY27 was ₹50.85 crores, showing a decrease of 44.6% from Q4 FY26, but a significant increase of 273.3% from Q1 FY26, where it was ₹13.62 crores. Earnings per share for Q1 FY27 was ₹4.75, which decreased by 44.7% from Q4 FY26, yet increased by 274.0% compared to Q1 FY26. These metrics highlight substantial year-over-year growth in profitability despite a quarter-over-quarter decline.

Operating Metrics

The company reported total expenses of ₹1260.92 crores in Q1 FY27, which represents a decrease of 33.9% from the previous quarter’s expenses of ₹1908.05 crores. When compared to Q1 FY26, where the expenses were ₹882.76 crores, there is a 42.8% increase. This indicates changes in the operational cost structure over the quarters. The earnings per share, a critical measure of profitability, stood at ₹4.75 for Q1 FY27, reflecting a decrease from the previous quarter but a significant increase from the previous year. These operational metrics provide insights into the company’s financial efficiency and cost management strategies over the observed period.