Sobha Q1 FY27 results: Net profit jumps threefold to ₹51 crore; board approves fundraising plans via NCDs

The real estate firm’s revenue from operations grew 50% year-on-year (YoY) to ₹1,278 crore during the quarter under review, as against ₹852 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹77 crore in Q1 FY27 as compared to ₹24 crore in the year-ago period.

The EBITDA margin expanded to 6.03% in the reporting quarter, in contrast to 2.82% in Q1 FY26.

Sobha reported collections of ₹1,924 crore for Q1 FY27, reflecting an 8% YoY increase. The company also maintained a net debt position of ₹-6.59 billion, with a net debt-to-equity ratio of -0.14.

The firm’s quarterly real estate sales value rose 76% yearly to ₹3,656 crore while the average price realisation for the quarter stood at ₹15,655 per sq. ft. For Q1 FY27, the new area sold surged 62% YoY to 2.34 million sq. ft.

The company sold 1,432 homes and plots, covering 2.34 million sq. ft. of area. It completed 671 homes across 8 projects, totalling 1.08 million sq. ft. of saleable area.

“Achieving our highest-ever quarterly sales—driven by successful new project launches in Bangalore and Gurgaon—is a significant milestone for SOBHA,” said Jagadish Nangineni, Managing Director of the company.

Additionally, Sobha launched 6.89 million sq. ft. of saleable area across three projects in two cities in Q1 FY27.

“With a strong pipeline of projects ahead, we are well-positioned to sustain this momentum. We remain focused on operational excellence and disciplined growth, delivering best-in-class homes while creating lasting value for our stakeholders,” said Nangineni.

Fundraising plans via NCDs

Sobha’s board of directors has approved a plan to raise funds of up to ₹1,000 crore through the issuance of non-convertible debentures (NCDs). The fund-raising will be carried out in tranches on a private placement basis.

The company added that the board has authorised the Investments and Borrowings Committee to determine and finalise the terms and conditions of the issuance. Further details will be disclosed in due course, it said.

Sobha share price trends

On Monday, Sobha shares settled at ₹1,455.70 apiece on the National Stock Exchange, falling 0.43%.

On a year-on-year basis, Sobha’s shares have slipped 14%. Over a month’s time, the stock has surged nearly 3%, while it has jumped almost 7% in the past six months.

Shares of the company had touched their one-year high of ₹1,732.50 apiece on July 22, 2025, while their 52-week low of ₹1,130 was hit on April 2, 2026.

Sobha has a total market capitalisation of ₹15,558.72 crore as of July 20, 2026, according to data on the NSE.