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Sobha Ltd Q2 Profit Drops 55 Percent to Rs 33 Crore on Lower Income
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News18•19-10-2026, 19:00
Sobha Ltd Q2 Profit Drops 55 Percent to Rs 33 Crore on Lower Income
- •Realty firm Sobha Ltd reported a 55 percent decline in consolidated net profit to Rs 32.95 crore for the quarter ended September.
- •Total income fell to Rs 1,017.21 crore in the second quarter compared to Rs 1,469.32 crore in the year-ago period.
- •Managing Director Jagadish Nangineni stated that the H1 FY27 performance was marked by record sales and customer trust.
- •The company plans to build on this momentum in the second half through planned project launches and sustained housing demand.
Key Questions Answered
Sobha Ltd reported a 55 percent decline in its consolidated net profit to Rs 32.95 crore for the quarter ended September, down from Rs 72.52 crore in the year-ago period.
The company's total income fell to Rs 1,017.21 crore in the second quarter of the current fiscal year from Rs 1,469.32 crore in the corresponding period of the preceding financial year.
Managing Director Jagadish Nangineni stated that the H1 FY27 performance was marked by record sales, reflecting customer trust, brand strength, and successful execution of business strategy.
