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Real estate developer Sobha Ltd reported a 29 per cent year-on-year decline in its consolidated net profit for the third quarter of FY26, impacted by a fall in income during the period. The company posted a net profit of INR 15.42 crore for the October-December quarter, compared with INR 21.68 crore in the corresponding period last year. Total income during the quarter dropped sharply to INR 983.10 crore from INR 1,256.87 crore a year ago. Despite the softer quarterly performance, Sobha Ltd continues to maintain a strong presence across key residential markets in South India, Delhi-NCR and Mumbai. The results reflect near-term pressure on revenues amid broader market dynamics affecting real estate developers.
Sobha Ltd has reported a 29 per cent decline in consolidated net profit for the third quarter of the 2025-26 financial year, as lower income weighed on its overall performance. The Bengaluru-based real estate developer recorded a net profit of INR 15.42 crore during the October-December quarter, compared to INR 21.68 crore in the same period last year.
According to a regulatory filing, the company's total income for the quarter fell to INR 983.10 crore, down from INR 1,256.87 crore in the corresponding quarter of the previous fiscal year. The contraction in income highlights a slowdown in revenue recognition during the period.
Sobha Ltd is among India's leading real estate developers, with a strong footprint across South India and growing exposure to the Delhi-NCR and Mumbai markets. The company is known for its focus on premium residential developments and integrated townships.
While the latest quarterly numbers indicate pressure on profitability, Sobha continues to operate in some of the country's most active housing markets. Industry observers note that fluctuations in project execution timelines, sales momentum and market conditions can influence quarterly financial performance in the real estate sector.
Going forward, the company's performance will be closely tracked for signs of recovery in income and profitability, supported by residential demand trends and execution progress across its key markets.
Source - PTI
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