SOBHA Q3 Report: Sales Jump From 52% to ₹2,115 Crore

• SOBHA posts highest-ever quarterly sales of ₹2,115 crore

• Bengaluru contributes over 70% of total Q3 sales value

• Nine-month sales rise 37% to ₹6,097 crore

The SOBHA Q3 Report points to a strong finish for the real estate developer in the December quarter, with the company recording its highest-ever quarterly sales value of ₹2,115 crore in Q3 FY26. The performance marks a 52.3% jump year-on-year from ₹1,389 crore in Q3 FY25 and an 11.2% rise quarter-on-quarter compared to ₹1,903 crore in Q2 FY26.

According to the company’s disclosure, SOBHA Ltd generated sales across 1.37 million square feet during the quarter, with an average realisation of ₹15,436 per square foot. Of the total sales value, SOBHA’s direct share stood at ₹1,818 crore, accounting for nearly 86% of overall sales.

Bengaluru Leads the Charge

Bengaluru emerged as the company’s strongest market in Q3, delivering its highest-ever quarterly sales value of ₹1,512 crore. The city alone contributed 71.5% of SOBHA’s total quarterly sales, supported by new sales of 1.02 million square feet. The launch of SOBHA Magnus played a key role in driving demand, underlining the continued appetite for premium housing in the city.

The company’s performance in Bengaluru reflects broader market trends, where end-user demand and confidence in branded developers remain strong despite moderated overall volumes across India’s housing market.

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NCR and Kerala Show Steady Momentum

Beyond Bengaluru, the National Capital Region (NCR) contributed ₹349 crore to quarterly sales. This growth was largely driven by the launch of SOBHA Strada, a serviced apartment project located in Sector 106, Gurugram. The project helped strengthen the company’s presence in the NCR, a region that continues to benefit from improving infrastructure and sustained end-user interest.

Kerala also delivered a healthy showing, adding ₹154 crore in sales during the quarter. This represented a year-on-year growth of 18.03%, highlighting steady demand in the company’s home market even as competition intensifies.

Entry into Mumbai and New Launches

Q3 FY26 was also notable for SOBHA’s entry into Mumbai, one of India’s most competitive real estate markets. The company launched SOBHA Inizio, marking its first project in the city and expanding its operational footprint to 13 cities across India.

During the quarter, SOBHA launched three new projects across three cities, offering a combined saleable area of 9.32 lakh square feet. For the first nine months of FY26, cumulative new launches stood at 2.58 million square feet, reinforcing the company’s measured expansion strategy.

Nine-Month Performance Remains Strong

For the nine months ended December 31, 2025, SOBHA reported a record sales value of ₹6,097 crore, up 37.3% from ₹4,441 crore in the corresponding period last year. New sales during this period totalled 4.21 million square feet, reflecting consistent absorption across key markets.

On the execution front, the company completed 1.39 million square feet in Q3 FY26, delivering 915 homes. Cumulative completions for the first nine months reached 3.64 million square feet, equivalent to around 2,100 homes, supporting timely deliveries and customer confidence.

Market Reaction

Following the announcement, SOBHA’s shares closed at ₹1,495 on January 2, rising by ₹32.20 or 2.20% on the BSE, indicating positive investor response to the company’s operational performance and growth outlook.

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