Sobha Q3FY26 profit falls 29% on OC delays
Realty major Sobha reported a 29 per cent year-on-year decline in profit after tax to ₹15.4 crore for Q3FY26, impacted by procedural delays in securing Occupancy Certificates.
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BIJOY GHOSH
Realty major Sobha has posted a dip in its profit 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 profits was attributed to procedural delays in securing Occupancy Certificates (OCs).
Sales volume rises
Real estate revenue for the quarter was at ₹744.2 crore, down by 30 per cent. The new area sold was at 1.37 million sq. ft., marking a 35 per cent y-o-y increase.
Average price realisation stood at ₹15,436 per sq. ft.
Mumbai market entry
Jagadish Nangineni, Managing Director, SOBHA Limited, said, “The first nine months of FY26 have reached ₹6,097 crore. We are confident that this strong momentum will be sustained, fueled by our planned new project launches in a resilient Indian macroeconomic environment, even as we navigate heightened geopolitical volatility. A significant milestone this period was our entry into the vibrant Mumbai market with the launch of SOBHA Inizio, expanding our real estate presence to 13 cities across India.”
The company said we remain fully confident in accelerating project completions moving forward, which will drive substantial improvements in our P&L performance. With gross debt at a prudent ₹910 crores and a negative net debt, our robust balance sheet uniquely equips us to capitalise on emerging opportunities while effectively managing the inherent cyclicality of residential real estate.”
The company’s shares closed at ₹1,527.30 on the BSE on Friday.
Published on January 16, 2026
