$SOBHA

Real estate developer Sobha Ltd. reported a strong set of earnings for the quarter ended June 2026 today, post-market hours, led by robust execution in its real estate business. Consolidated revenue from operations surged 50% year-on-year to ₹1,278.2 crore from ₹851.9 crore in the corresponding quarter last year. However, revenue declined 35.7% sequentially from ₹1,987.8 crore recorded in the March quarter, reflecting the seasonality typically seen in the business. The company's profitability improved sharply during the quarter. Net profit more than tripled to ₹50.8 crore, registering a 273% year-over-year growth from ₹13.6 crore in Q1 FY26. On a sequential basis, however, profit declined 44.6% from ₹91.8 crore reported in Q4 FY26.