Sobha Ltd Reports Q3 Profit Decline Amid Revenue Drop, Stock Dips Around 3%

Sobha Ltd reported a 28.85% year-on-year decline in consolidated net profit to Rs 154.28 crore for Q3 FY26, alongside a 22.95% drop in revenue to Rs 943.11 crore. Profit before tax fell 30.31% to Rs 205.34 crore. Despite this, the company’s nine-month consolidated net profit rose 88.69% to Rs 101.57 crore with a 14.46% revenue increase. Sobha’s stock fell around 3% following these results, amid broader declines in the BSE Realty index. The company highlighted strong real estate sales and expansion into Mumbai as positive developments.