Shares of Sobha Ltd rose nearly 2% to ₹1,544 after the company reported its highest-ever quarterly sales for the first quarter of FY26, crossing the ₹2,000 crore milestone for the first time.
In its real estate operational update for the quarter ended June 30, 2025, Sobha disclosed a total sales value of ₹2,078.8 crore, up from ₹1,873.7 crore in the year-ago period. The company’s share of the sales stood at ₹1,717.2 crore. This performance was led by the launch of its new project, Sobha Aurum in Greater Noida, which saw robust demand in its first week, signaling strong appetite for premium housing outside traditional Tier-1 cities.
During the quarter, Sobha sold 1.44 million square feet of new area at an average realization of ₹14,395 per square foot. The Bangalore market contributed ₹602.4 crore, while Gurgaon posted ₹352.4 crore, sustaining its growth momentum for a fourth consecutive quarter. Kerala, driven by the launch of additional towers at Marina One in Kochi, added ₹209.7 crore. Tamil Nadu contributed ₹58.7 crore, maintaining steady volumes, while Hyderabad and Pune remained muted due to limited inventory.
On the delivery front, Sobha completed 1.07 million square feet of saleable area, handing over 594 homes across projects in Bangalore, Gurgaon, Chennai and other cities.
Among its key launches this quarter were Sobha Aurum in Greater Noida, offering 420 units across 1–4 BHK configurations over 701,051 square feet, and the remaining four towers of Marina One in Kochi, spanning 920,593 square feet with 362 units.
The company also highlighted that its footprint now extends to 13 cities across India, reflecting its ongoing geographic expansion.
The management attributed the robust performance to sustained urban migration, strong consumer and investor sentiment, declining interest rates, and rising homeownership aspirations in urban areas.
The positive update appears to have boosted investor sentiment, with the stock trading higher despite broader market volatility.
