Sobha Q3 FY26 Profit Dips 29% Despite Record Sales Growth

• Sobha Limited reported a 29% year-on-year decline in Q3 FY26 profit after tax (PAT) to ₹15.4 Cr.
• Revenue fell 23% to ₹943.1 Cr, and EBITDA contracted 42% to ₹38.9 Cr, with margins at 4.12%.
• Despite profit decline, the company achieved its highest-ever Q3 sales value of ₹2,115 Cr, a 52% YoY growth.
• New area sold increased by 35% YoY to 1.37 million sq. ft., with an average price of ₹15,436 per sq. ft.
• Managing Director Jagadish Nangineni attributed moderated profitability to procedural delays in Occupancy Certificates (OCs).

Why It Matters: Sobha's Q3 FY26 profit declined significantly due to operational delays, despite achieving record sales.