Shares of Sobha Ltd surged to a one-month high on Monday after the real estate developer reported its highest-ever quarterly sales performance for the October–December quarter of the financial year 2026 Q3FY26. Strong demand across key markets, particularly Bengaluru, along with new project launches, supported investor sentiment in the stock.
Sobha shares gained as much as 5.25 per cent during intraday trade to touch ₹1,568.90 on the National Stock Exchange, highest level since November 27, 2025. The stock later pared some gains, but continued to trade firmly higher in a broader weak market. At 11:11 AM, Sobha shares were up 3.78 per cent at ₹1,558.40, while the benchmark Nifty 50 index traded marginally higher by 0.10 per cent. Volume-wise, nearly 0.9 million shares changed hands on the NSE so far.
This comes after the exchange filing made by Sobha of the jump in the sales value in the real estate business. Sales value grew by 52.3 percent in the financial year Q3FY26 to reach Rs. 2,115 crore, the highest quarterly sales value recorded in the history of the company. On the sequential basis, sales value grew by 11.2 percent over the last quarter.
Sobha reported its highest ever quarterly share of sales value at ₹1,817.9 crore, contributing 85.9 per cent to overall sales. The company registered new sales area of 1.37 million sq. feet with an average price realization of ₹15,436 per sq. feet. This reflects their pricing abilities despite the competitive environment.
The Bengaluru market was identified as the biggest contributor with a year-over-year sales growth of 51 per cent, which was the highest quarterly sales recorded by the company in the city. As a percentage, the Bengaluru market contributed 71.5 per cent to Sobha’s overall sales value of ₹1,512 crores with a new sales area of 1.02 million square feet.
In regions outside Bengaluru, NCR sold properties for ₹349 crore with a successfully launched Sobha Strada-service apartment project in Sector 106, Gurgaon. The Kerala region also reported a stable performance with a year-over-year increase in sales at 18.03 percent adding ₹154 crore to overall sales.
During the initial nine months of FY26, Sobha has accumulated sales value and a new saleable area of ₹6,097 crores and 4.21 million square feet, respectively. During Q3FY26, Sobha has launched three projects in three different cities, amounting to a saleable area of 932,171 square feet. The accumulated sales launched during the nine months are 2.58 million square feet.
Worth mentioning is that Sobha has also launched its business in the Mumbai market through the acquisition of Sobha Inizio in the current quarter, which is its entry into the new geography. All these will be in addition to its current operations spread over 13 cities in the country.
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