Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 24.2% to ₹95.6 crore from ₹77 crore a year earlier, although the EBITDA margin narrowed to 6.8% from 8.3% in the year-ago period. The moderation in margins was primarily due to higher construction and input costs, the company said.
Operationally, Sobha’s quarterly sales value stood at ₹1,903 crore, up 61% YoY, while H1-FY26 sales value hit ₹3,981 crore, a 30% increase from the previous year. The company sold 1.39 million sq. ft. in Q2, up 50% YoY, at an average price realization of ₹13,648 per sq. ft. Project completions in the first half of FY26 reached 2.25 million sq. ft. (1,185 homes), with a clear pipeline of 16.69 million sq. ft. of future launches over the next six quarters.
Commenting on the results, Managing Director Jagadish Nangineni said: “We delivered a strong and stable performance in Q2 FY26, building on momentum from the previous quarter. Steady demand for luxury residential real estate, improved macroeconomic conditions, and timely government interventions contributed to growth. Our backward integrated model ensures quality, reliability, and scale as we expand our project delivery and sales pipeline.”
Founded in 1995, Sobha Limited is one of India’s leading real estate brands, delivering homes, commercial and contractual projects across 27 cities, with a cumulative delivery of 148.02 million sq. ft. The company employs over 4,650 people across offices and manufacturing units.
Shares of the company fell 1.7% to close at a price of ₹1,519.80 on the BSE today. The stock has risen 27% in the last six months.
