Shares of Sobha Ltd climbed over 3% after the company reported a strong operating performance for the third quarter of the current fiscal, supported by robust housing demand, higher volumes, and improved price realisation.
The Bengaluru-based real estate developer recorded a 52% year-on-year jump in sales bookings to ₹2,115.2 crore during the October–December quarter. In comparison, sales bookings in the same period last year stood at ₹1,388.6 crore.
In a regulatory filing, Sobha described the quarter as its strongest ever, stating that it had delivered its “highest real estate sales value in a single quarter,” reflecting sustained demand across key residential markets.
Strong Volume Growth and Higher Price Realisation
Sobha sold a total area of 13,70,340 square feet during the third quarter, up from 10,16,367 square feet in the corresponding period of the previous financial year. Alongside volume growth, the company also saw a notable improvement in pricing. Average price realisation increased to ₹15,436 per square foot from ₹13,663 per square foot a year ago, indicating healthy absorption and improved market sentiment.
Bengaluru and Delhi-NCR Drive Sales
Bengaluru remained the company’s largest market, contributing ₹1,512 crore to total sales bookings during the quarter. The Delhi-NCR region also performed well, with sales of ₹349 crore, underlining Sobha’s growing presence beyond its core southern markets.
Nine-Month Performance Shows Sustained Momentum
For the first nine months of FY26, Sobha’s sales bookings rose 37% to ₹6,096.7 crore, compared with ₹4,440.8 crore in the same period of the previous financial year. The steady growth across quarters highlights consistent demand in the residential real estate segment despite a challenging macro environment.
