Sobha Limited reports 274 percent surge in first quarter net profit

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Realty firm Sobha Limited reported a 274 per cent jump in its first-quarter FY27 net profit to ₹51 crore, with revenue from operations rising 48 per cent to ₹1,330 crore.
The company recorded its highest-ever quarterly sales bookings at ₹3,656 crore, selling 2.34 million square feet at an average realisation of ₹15,655 per square foot.
The growth was driven by successful new project launches totalling 6.89 million square feet of saleable area across three projects in Bangalore and Gurgaon.
Managing Director Jagadish Nangineni said the company has a strong project pipeline and is well-positioned to sustain this momentum.

Whether Sobha can sustain its record sales momentum with its upcoming project launches
Further quarterly results showing if the surge in profit and bookings continues

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Named India · Bangalore · Gurgaon · Jagadish Nangineni · Sobha Limited

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