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Sobha Sales Jump 16% YoY Amidst Quarterly Dip
3 Oct
Summary
- Sobha's Q2 FY27 sales value increased 16% year-on-year.
- Sales area grew 2.2% YoY, but declined 39.3% QoQ.
- Average price realization per square foot rose 13.7% YoY.
Sobha has announced its Q2 FY27 business update, revealing a 16% year-on-year increase in total sales value to ₹2,206 crore for the quarter ending September 30, 2026. This marks a significant achievement despite a 40% sequential decline from the previous quarter.
The developer's sales area also showed positive year-on-year growth, up by 2.2%, although it experienced a 39.3% decrease on a quarter-on-quarter basis. Encouragingly, the average price realization per square foot saw a notable increase of 13.7% compared to the prior year's second quarter.
In the first quarter of FY27, Sobha had reported a substantial 264.3% year-over-year surge in net profit. Operational revenue also expanded by 50%, and EBITDA margins improved significantly during that period.
