Sobha Q3FY26 profit falls 29% on OC delays

Realty main Sobha reported a 29 per cent year-on-year decline in revenue after tax to ₹15.4 crore for Q3FY26, impacted by procedural delays in securing Occupancy Certificates.
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BIJOY GHOSH

Realty main Sobha has posted a dip in its revenue after tax (PAT) for Q3FY26 to ₹15.4 crore, down 29 per cent year-on-year (y-o-y) from ₹21.7 crore.

The dip in income was attributed to procedural delays in securing Occupancy Certificates (OCs).

Gross sales quantity rises

Actual property income for the quarter was at ₹744.2 crore, down by 30 per cent. The brand new space bought was at 1.37 million sq. ft., marking a 35 per cent y-o-y improve.

Common worth realisation stood at ₹15,436 per sq. ft.

Mumbai market entry

Jagadish Nangineni, Managing Director, SOBHA Restricted, mentioned, “The primary 9 months of FY26 have reached ₹6,097 crore. We’re assured that this sturdy momentum will likely be sustained, fueled by our deliberate new mission launches in a resilient Indian macroeconomic setting, whilst we navigate heightened geopolitical volatility. A major milestone this era was our entry into the colourful Mumbai market with the launch of SOBHA Inizio, increasing our actual property presence to 13 cities throughout India.”

The corporate mentioned we stay totally assured in accelerating mission completions transferring ahead, which is able to drive substantial enhancements in our P&L efficiency. With gross debt at a prudent ₹910 crores and a unfavourable web debt, our strong stability sheet uniquely equips us to capitalise on rising alternatives whereas successfully managing the inherent cyclicality of residential actual property.”

The corporate’s shares closed at ₹1,527.30 on the BSE on Friday.

Revealed on January 16, 2026