Sobha reported 54.56 percent Q2 profit drop: record sales shape Sobha stock

Published on 10/25/2026 at 01:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sobha posted INR 329.59 million profit in Q2 FY27. Record H1 sales frame Sobha stock at INR 58.62 billion as revenue slipped 0.63 percent.

Sales and profit diverge

Sobha's consolidated Q2 profit fell 54.56 percent on October 19, 2026.
First-half sales reached INR 58.62 billion, up 47.2 percent year on year.
Emkay Research kept its INR 1,900 target on October 20, 2026.

Sobha, INE671H01015, Illustration mit AI erstellt.

Sobha Limited (ISIN INE671H01015) reported consolidated net profit of INR 329.59 million for the quarter ended September 30, 2026, down 54.56 percent from the year-earlier period. The results were released on October 19, 2026, as first-half sales reached a record INR 58.62 billion, according to EquityBulls.

Quarterly profit trails sales growth

Revenue from operations fell 31.29 percent year on year to INR 9,670.64 million in the second quarter of fiscal year 2027, from INR 14,076.16 million. Net profit attributable to owners declined from INR 725.27 million, while basic and diluted earnings per share fell to INR 3.08 from INR 6.78, the same company-results report said.

The contrast is sharper on the sales side. First-half sales value rose 47.2 percent year on year to INR 58.62 billion, while first-half revenue declined 0.63 percent to INR 22,452.16 million. The figures show how project launches and bookings can run ahead of revenue recognition in a property developer's accounts.

What does the target imply?

DSIJ reported on October 20, 2026 that Emkay Research maintained a Buy rating and an INR 1,900 target. Its report identified reported EBITDA margin as a key monitorable and cited first-half pre-sales of INR 58.6 billion, up 47 percent year on year.

The research note also highlighted a second-half launch pipeline exceeding 12 million square feet and a gross development value of INR 180 billion. Those figures place execution and margin conversion alongside demand as the central test for the next reporting period.

Recent filings set the timetable

Sobha's October 2, 2026 operational update preceded the October 19 results, while the October 19 analyst call followed the board meeting that approved the accounts. The filing record also shows an October 24, 2026 newspaper publication concerning a final reminder related to the rights issue, according to Sharpely.

Stock context after the results

The latest quoted NSE price was INR 1,173.40 on October 23, 2026. The finance snapshot showed market capitalization of INR 125.5 billion and a 52-week range of INR 1,113.00 to INR 1,730.90 as of October 23, 2026. Sobha stock therefore sits well below its yearly high while analysts continue to emphasize the gap between bookings and reported earnings.