Realty firm Sobha Ltd on Monday reported a 55 per cent decline in its consolidated net profit to ₹32.95 crore for the quarter ended September, impacted by lower income.
Its net profit stood at ₹72.52 crore in the year-ago period.
Total income fell to ₹1,017.21 crore in the second quarter of the current fiscal from ₹1,469.32 crore in the corresponding period of the preceding financial year, according to a regulatory filing.
During the first six months of FY27, Sobha Ltd’s net profit fell to ₹83.80 crore from ₹86.14 crore in the year-ago period.
Total income dropped marginally to ₹2,347.38 crore in the first six months of this fiscal from ₹2,370.73 crore in the corresponding period of the preceding financial year.
Jagadish Nangineni, Managing Director of Sobha, said, “Our H1 FY27 (April-September) performance, marked by record sales, reflects the continued trust of our customers, the strength of the Sobha brand and the successful execution of our business strategy.”
“As we look ahead to the second half of the year, we will build on this momentum, supported by our planned project launches, a strong development pipeline and sustained demand for quality housing,” he said.
Nangineni said the focus would remain on enhancing execution efficiency, maintaining financial discipline and leveraging its backwards-integrated model to deliver superior quality and reliability.
Bengaluru-based Sobha Ltd is one of the leading real estate developers in the country.
Published on October 19, 2026
