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The average price realisation improved by 16.5% year-on-year and 7.8% quarter-on-quarter to ₹13,663 per square foot. Sobha’s share in the sales value stood at ₹1,250 crore, a 27.2% increase over Q2 FY25.
In the first nine months of FY25, the company sold 3.12 million square feet of new sales area valued at ₹4,441 crore, with an average realization of ₹14,226 per square foot, up 31.3% year-on-year due to price increases in ongoing projects and higher realisations from new launches.
Also Read: Sobha shares surge 8% as Investec sees another 42% upside
Bengaluru contributed ₹1,001 crore, accounting for 72.1% of the total sales value in Q3 FY25, with sales supported by the launch of Sobha Ayana. Gurgaon improved its contribution, accounting for 10.3% of total sales, while Pune gained traction with increased confidence due to the nearing completion of Sobha Nesara.
Tamil Nadu region recorded sale value growth of 79.4% in the first 9 months period, due to new launches and good project progress. Kerala and Hyderabad’s performance was steady in the first nine months, given the inventory in these regions.
Sobha’s share of total sales reached 90% in Q3 FY25, the highest ever, led by strong contributions from Sobha Neopolis and Sobha Ayana, both developed on their own land. During the first nine months of FY25, Sobha launched 4.66 million square feet across six projects in four cities.
Also Read: SOBHA Q2 Results | Realty firm sees 73% surge in net profit, 26% revenue rise
Shares of SOBHA Ltd ended at ₹1,511.10, up by ₹30.80, or 2.08% on the BSE.
