Sobha Ltd: Q3 FY26 Operational Update & Performance Review

Overview Sobha Ltd has reported its highest-ever quarterly sales performance for Q3 FY26, demonstrating robust growth momentum driven by strategic launches and sustained demand in core markets. The company achieved a total sales value of ₹2,115 crore, marking a significant 52.3% YoY increase and an 11.2% QoQ growth. Key Operational Highlights Record Sales Value: Total sales stood at ₹2,115 Cr. Sobha’s share of sales value was ₹1,818 Cr (85.9%). Volume & Realization: New sales volume covered 1.37 million sq. ft., with a strong average price realization of ₹15,436 per sq. ft. Cumulative Growth: For 9M FY26, the company recorded its highest-ever sales value of ₹6,097 Cr, a growth of 37.3% over the previous year. Regional Performance Bengaluru (Dominant Market): Continued to lead with ₹1,512 Cr in sales (71.5% of total value). This record performance was supported by the launch of Sobha Magnus. NCR: Contributed ₹349 Cr, driven by the launch of the serviced apartment project, Sobha Strada (Gurgaon). Kerala: Registered steady growth with sales of ₹154 Cr, up 18.03% YoY. Mumbai Entry: The quarter marked a strategic milestone with Sobha's entry into the Mumbai market via the launch of Sobha Inizio. Project Execution & Launches New Launches: 3 new projects launched across 3 cities with a total saleable area of 9.32 lakh sq. ft. Deliveries: Completed 1.39 million sq. ft. (915 homes) in Q3. Cumulative completions for 9M FY26 stand at 3.64 million sq. ft. (2,100 homes). Market Reaction Following the update, shares of Sobha Ltd closed at ₹1,495.00 (+2.20%) on January 2, 2026, on the BSE. Strategic Observation The company continues to capitalize on the upcycle in residential real estate, evidenced by record realizations and successful expansion into new geographies like Mumbai. The strong backlog of launches and execution capabilities positions Sobha well for the remainder of FY26.