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Sobha Limited reported a strong performance for the quarter ended 30 September, with net profit rising to INR 72.52 crore from INR 26.08 crore a year earlier. Total income grew 52% to INR 1,469.32 crore, supported by higher sales and collections. The company sold 1.39 million sq ft of space, a 50% increase, achieving an average realisation of INR 13,648 per sq ft. Collections rose 49% to INR 2,046 crore, while sales value surged 61% to INR 1,903 crore. With net debt at INR 751 crore and a negative net debt-to-equity ratio, Sobha remains financially strong and well-positioned for its planned 16.69 million sq ft of launches over the next six quarters.
In the quarter ended 30 September, Sobha reported a net consolidated profit after tax of INR 72.52 crore, up from INR 26.08 crore in the same quarter last year. The company's total income reached INR 1,469.32 crore, representing a growth of approximately 52.22 % over the previous period (INR 965.29 crore). Advertisement
The managing director of Sobha stated that with a clear pipeline of 16.69 million sq ft of future launches over the next six quarters, a strong balance sheet and a stable demand environment, the company was well placed to capture upcoming opportunities.
During the quarter, collections stood at INR 2,046 crore up 49 % year-on-year and sales value reached INR 1,903 crore, marking a 61 % increase compared with the same period last year. The company sold 1.39 million sq ft of new area, a 50 % year-on-year increase, while average realisation was INR 13,648 per sq ft.
Notably, the company's net debt stood at INR 751 crore, bringing its net debt-to-equity ratio to -0.16, which reflects surplus cash over debt on the books. Sobha also paid a final dividend of INR 3 per share for the year ended 31 March, amounting to INR 32.086 crore.
Sobha's latest quarter underscores its accelerating trajectory, propelled by strong sales, collections and launch readiness. With a negative net-debt position and robust operational metrics, the company appears to have built a sound platform for growth. As it moves forward into the coming quarters, maintaining discipline in execution and sustaining demand will be key to translating this momentum into longer-term value for shareholders and stakeholders alike.
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