Sobha Q2 sales jump 61% to ₹1,903 crore; achieves record ₹3,981 crore sales in H1

Bengaluru-based real estate developer Sobha Ltd on Saturday (October 4) reported a total sales value of ₹1,902.6 crore for the second quarter of FY26, a 61.4% year-on-year increase, though down 8.5% sequentially from the previous quarter.

The company’s share of sales value stood at ₹1,537 crore, up 56.3% year-on-year but lower by 10.5% quarter-on-quarter. New sales area during the quarter stood at 1.39 million square feet, a 50% increase over Q2 FY25 and a 3.5% decline compared to Q1 FY26. The average price realisation improved 7.7% year-on-year and 5.2% sequentially to ₹13,648 per square foot.

Bengaluru contributed 69.7% of the quarterly sales value at ₹1,326.4 crore, supported by improved momentum at Sobha Town Park. NCR accounted for ₹309.7 crore, led by Sobha Aranya and Sobha Aurum, while Kerala added ₹184.8 crore, driven by festive demand.

Also Read: Sobha Q1 Update: Greater Noida project contributes to strong pre-sales for Bengaluru-based realtor

For the first half of FY26, Sobha achieved its highest-ever sales value of ₹3,981.4 crore, up 30.4% year-on-year, with total new sales area of 2.84 million square feet.

During Q2 FY26, the company completed 1.18 million square feet of saleable area, delivering 591 homes across projects including Sobha Manhattan Towers, Sobha Sentosa, and Sobha Royal Pavilion in Bangalore; Marina One in Kochi; and Sobha Nesara in Pune.

Sobha also launched an extension of Sobha Lifestyle, a boutique luxury villa project spread over 2.12 acres in North Bangalore, near the international airport.

On Friday (October 3), shares of Sobha Ltd ended at ₹1,470.45, down by ₹46.05, or 3.04%, on the BSE.

Also Read: Sobha Q1 Results | Net profit more than doubles; posts highest quarterly sales of ₹2,079 crore