Sobha Ltd.’s shares fell by over 3% after the company reported a total sales value of ₹1,388.6 crore in Q3 FY25, marking a 28.9% year-on-year decline but a 17.8% sequential increase. This growth was driven by a new sales area of 1.01 million square feet.
Sobha shares opened at ₹1,488.00, with a high of ₹1,507.50 and a low of ₹1,465.65. The stock is currently far from its 52-week high of ₹2,161.21 and its 52-week low of ₹1,175.09, indicating fluctuations in market sentiment.
The average price realization improved significantly, rising 16.5% year-on-year and 7.8% quarter-on-quarter to ₹13,663 per square foot. Sobha’s share in the sales value surged to ₹1,250 crore, a 27.2% increase from Q2 FY25.
For the first nine months of FY25, Sobha achieved new sales of 3.12 million square feet, valued at ₹4,441 crore. The average realization during this period rose 31.3% year-on-year to ₹14,226 per square foot, driven by price hikes in ongoing projects and higher realizations from new launches.
Bengaluru remained a key market, contributing ₹1,001 crore, or 72.1% of total sales in Q3 FY25, supported by the launch of Sobha Ayana. Gurgaon accounted for 10.3% of sales, while Pune showed strong momentum with Sobha Nesara nearing completion.
Tamil Nadu experienced a remarkable 79.4% sales value growth in the first nine months, propelled by new launches and progress in ongoing projects. Meanwhile, Kerala and Hyderabad maintained steady performance due to existing inventory.
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