Sobha Ltd Q2 Results: PAT up 3.3x QoQ to Rs. 26 crores

Sobha Ltd. for Q2 of FY25 Rs. 26.1 crore in profit after tax (PAT) which represents a growth of 3.3 times quarter-on-quarter (QoQ) and a growth of 74% year-on-year (YoY).

The net income of the company is Rs. 965 crore, representing 44% growth QoQ and 25% growth. The real estate collection of the company during the quarter stood at Rs. 1222 crore, indicating a healthy cash flow.

On the sales front, Shobha spent Rs. 1178 crores recorded a quarterly sales value, with an average price of Rs. 12,674 per sq ft was realized, showing a growth of 24% year-on-year. The company sold a total of 0.93 million sq ft across all regions during Q2-25. Kerala emerged as the key performer, with the region posting its best-ever quarterly sales of 0.30 million square feet, valued at Rs. 3,381 million.

In terms of new launches, Sobha introduced 0.48 million square feet of salable area in Bangalore during the quarter, contributing to its ongoing expansion in key markets. This combination of solid financial results, strong sales and strategic launch positioning positions Sobha Limited for continued success in the coming quarters, with a focus on delivering high-quality projects across India.

Jagdish Nangineni, Managing Director, SOBHA Limited, said, “Our Q2 FY25 performance reflects continued strength in our operations, fueled by our team efforts across functions and continued demand in residential real estate. The geographical diversification of our project portfolio is paying rich dividends with the ability to meet demand across all eleven of our operating cities. With the company’s solid financial strength, deep operational expertise and international brand recognition following the successful completion of the rights issue, we are effectively positioned to ride the growth wave. Our focus on delivering benchmark quality residences, construction products and services through our unique backward integrated operating model will be our mainstay as we drive scale.”

Shobha has also significantly reduced its debt, with its net debt-to-equity ratio now at a low 0.08, indicating improved financial strength and stability. The company offers over 139.03 million square feet of developable area across 27 Indian cities.