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The company's net revenues stood at Rs 965 crore, a 44% growth QoQ and a 25% increase YoY. The company’s real estate collections during the quarter amounted to Rs 1222 crore, highlighting a healthy cash flow.
On the sales front, Sobha recorded a quarterly sales value of Rs 1178 crore, with an average price realisation of Rs 12,674 per square foot, marking a 24% increase YoY. The company sold a total of 0.93 million square feet across all regions during Q2-25. Kerala stood out as a key performer, with the region achieving 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 saleable area in Bangalore during the quarter, contributing to its ongoing expansion in key markets. This combination of solid financial results, strong sales, and strategic launches positions Sobha Limited for continued success in the coming quarters, with a focus on delivering high-quality projects across India.
Jagadish Nangineni, Managing Director, SOBHA Limited said,“Our Q2 FY25 performance reflects continued strength in our operations, fueled by our team’s efforts across functions and sustained demand in residential real estate. The geographical diversification of our project portfolio is paying rich dividends, with the ability to cater to demand across all our eleven operating cities. With solid financial strength of the company, post successful completion of rights issue, coupled with deep operational expertise and international brand recognition, 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 would continue to be our mainstay as we pursue scale.”
Sobha also significantly reduced its debt, with its net debt-to-equity ratio now at a low 0.08, signalling improved financial strength and stability. The company cumulatively delivers over 139.03 million square feet of developable area across 27 Indian cities.
