SOBHA

** Shares of Sobha SOBH.NS up 1% at 1,391 rupees

** Emkay initiates coverage on real estate developer with "Buy" and PT of 1,900 rupees

** Says SOBH one of India's fastest-growing realty firms, backed by strong pipeline, robust absorption in Bengaluru and national capital region

** Expects co to turn pan-India player, aggressively expanding into Mumbai, Greater Noida, Hyderabad, aided by net cash position

** Notes consistent debt reduction from peak 30.5 bln rupees ($319.88 mln) net debt in Q2FY21

** Expects more than 20% CAGR in pre-sales over medium term; FY28E pre-sales seen at 112 bln rupees, FY27E at 99 bln rupees

** Average rating by 15 analysts is "Strong Buy", median PT 1,800 rupees- LSEG-compiled data

** YTD, stock down 4.9%

($1 = 95.3475 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

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** Real estate developer Sobha's SOBH.NS shares rise 3.8% to 1,495.7 rupees

** Co reports Q4 profit that more than doubled from last year

** Consolidated net profit rose to 918.4 million rupees ($9.63 million) in the quarter from 408.6 million rupees a year earlier

** Q4 sales value rises 11% to 20.39 billion rupees, revenue from operations climbs 60.2% to 19.88 billion rupees

** Brokerage Investec says Sobha has a strong financial position with low debt and enough cash, which should easily support its upcoming project launches in the near term

** Investec expects pre-sales to stay strong in FY27, supported by a solid pipeline of projects in Bangalore and the National Capital Region

** 11 of 13 brokerages rate the stock "buy" or higher; their median PT is 1,824.5 rupees - data compiled by LSEG

** YTD, stock up 2.7%

($1 = 95.3675 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

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May 4 (Reuters) - Indian homebuilder Sobha SOBH.NS on Monday reported a fourth-quarter profit that more than doubled from a year earlier, helped by higher prices and sustained demand for premium apartments.

• The Bengaluru-based real estate company's consolidated net profit rose to 918.4 million Indian rupees ($9.66 million) in the quarter ended March 31 from 408.6 million rupees a year earlier.

• The residential real estate sector remained resilient despite global uncertainties, supported by robust domestic consumption and a stable home-buying environment.

• Sobha reported an 11% increase in fourth-quarter sales value to 20.39 billion rupees, and record annual sales of 81.36 billion rupees in fiscal 2026.

• Revenue from operations climbed 60.2% to 19.88 billion rupees in the quarter.

• Expenses rose 57% to 19.08 billion rupees.

• The company declared a dividend of 6 rupees per share for FY 2026.

• Peers Prestige Estates Projects PREG.NS and Brigade Enterprises BRIG.NS have yet to report their earnings.

($1 = 95.0875 Indian rupees)

(Reporting by Devika Nair in Bengaluru; Editing by Shinjini Ganguli)

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** India's Nifty's real estate sector .NIFTYREAL gains 2.4%, hits over-one-month high

** Rate-sensitive index set for over 13% weekly gain - its strongest showing since September 2021

** Outperforming other sub-indexes for weekly gains, the index houses names such as Prestige PREG.NS, Lodha LODH.NS, DLF DLF.NS and Brigade BRIG.NS

** Index down 16.6% in March on Iran war-related losses

** FY27 expected to be launch-heavy for most players which will drive pre-sales growth; sharp price correction provides attractive entry points - HDFC Securities

** With Reserve Bank of India keeping rates steady on Wednesday, Anuj Puri, chairman, Anarock group noted steady rates means stability for current and future home loan borrowers

** For people buying homes, its good news and they can move forward with more confidence - Puri

** YTD, index down 13%; benchmark Nifty 50 .NSEI down 8%

(Reporting by Pranav Kashyap in Bengaluru)

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** Shares of India's Sobha Ltd SOBH.NS rise 3.77% to 1200.60 rupees

** Real estate developer reported 11% y/y increase in Q4 2026 sales value to 20.39 billion rupees ($219.32 million) on Friday

** Co also posted highest-ever annual sales in FY 2026 at 81.36 billion rupees, compared to 62.77 billion rupees in FY25

** Trading vols at 131,431 shares, vs 30-day average of 125,047 shares

** SOBH rated "buy" on average by 13 analysts, median PT at 1824 rupees -- data compiled by LSEG

** YTD stock down about 20.73%

($1 = 92.9700 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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April 3 (Reuters) - Sobha Ltd SOBH.NS:

• SOBHA - Q4 SALES VALUE AT 20.39 BILLION RUPEES

Source text: ID:nBSE29HBY

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** Nuvama says housing sales value fell 6% y/y in December quarter, steepest since the upcycle began in 2021

** India's real estate sector has logged strong growth since 2021 after years of stagnation

** Remains "neutral" on housing stocks despite correction

** Nifty Realty index .NIFTYREAL down 9.2% this week, set for biggest drop in about 11 months

** Godrej Properties GODR.NS, Lodha Developers LODH.NS slide 15.3% and 13.5% for the week, respectively

** Brigade Enterprises BRIG.NS falls 9.3%, Oberoi Realty OEBO.NS down 11.3% and Sobha Ltd SOBH.NS loses 12.3%

** Nuvama believes correction likely to continue due to concerns about pre-sales growth

** Says, housing volumes would remain soft until developers reduce focus on luxury segment and reorient towards mid-income and premium segment, and focus on improving affordability by keeping prices and ticket size contained

** Prestige Estates Projects PREG.NS is top pick; says companies with sizeable annuity portfolio should still do well on a relative basis

(Reporting by Vivek Kumar M)

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** Indian realty stocks .NIFTYREAL drop 3.6%

** Sub-index on track to lose the most in a day since July 2025

** Nine of 10 constituents trading lower; losses led by real estate developers Oberoi Realty OEBO.NS and Sobha SOBH.NS on weak third-quarter results

** OEBO biggest loser with 7.5% slump, trailed by SOBH's 5% drop

** Realty index top sectoral loser on the day; benchmark Nifty 50 .NSEI trading 0.6% lower

** Sub-index down 8.1% so far in January vs Nifty's 2.7% decline

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Indian real estate developer Sobha SOBH.NS fall nearly 4% to 1468 rupees, lowest since Jan. 2

** Co posts a nearly 29% fall in Q3 profit y/y, rev falls 23% y/y

** Jefferies ("hold", PT at 1650 rupees) says earnings missed its expectations due to project completion delays, but margin recovery is likely going forward

** However, adds that co's maintained good operating performance in Q3; co has strong launch pipeline, strong pre-sales, Jefferies says

** SOBH rated "buy" on avg by 14 analysts covering it; median PT at 1850 rupees - data compiled by LSEG

** In 2025, SOBH lost 7.45%

(Reporting by Komal Salecha in Bengaluru)

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** Sobha SOBH.NS rises 2.92% to 1,534.2 rupees; stock up 3.9% in pre-open trade

** Real estate developer's Q3 sales grows 52.3% y/y

** Launches three projects across three cities in reported quarter, with saleable area of 932,171 square feet

** Stock rated "Buy" on average; median PT at 1,850 rupees, per data compiled by LSEG

** SOBH fell 7.5% in 2025

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of Indian homebuilder Sobha SOBH.NS lose initial gains, last down 1.4%

** Next set of large launches are from late Q3, consistency needed for targeted FY26 growth - Jefferies

** Adds Q1 sales uptick largely driven by strong response in NCR market, while core Bengaluru region remains muted

** Real estate firm reported Q1 profit jump, rev rise on Fri

** Jefferies rates the stock "hold" vs avg rating of stock "buy" - data compiled by LSEG

** YTD stock up 1%

(Reporting by Hritam Mukherjee in Bengaluru)

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July 25 (Reuters) - Sobha Ltd SOBH.NS:

• SOBHA Q1 CONSOL NET PROFIT 136.2 MILLION RUPEES

• SOBHA Q1 CONSOL REVENUE FROM OPERATIONS 8.52 BILLION RUPEES

Source text: ID:nNSEbVTzkm

Further company coverage: SOBH.NS

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** Sobha SOBH.NS jumps ~7% to 1,550 rupees

** Real estate developer top pct gainer on Nifty Realty index .NIFTYREAL, which is up 1.2%

** According to Investec and HSBC, FY26 to be co's year to rebound in terms of launches after lacklustre FY25

** HSBC says management forecasting 33% core profit margins at project level vs current 10% levels; expects FY26 to be "much-awaited turnaround year"

** Hikes PT to 1,850 rupees from 1,650 rupees

** Investec says "strong" inaugurations planned for FY26 and FY27, with co intending to launch 18.56 million square feet of area in FY26, more than double the amount in FY25

** Retains PT at 2,150 rupees

** Both brokerages maintain "buy"; stock rated "buy" on avg, per data compiled by LSEG

** YTD SOBH down 2% vs NIFTYREAL's ~7% decline

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Sobha SOBH.NS up 4% to 1,442.7 rupees
** The property developer's Q4 consol net profit soared nearly six-fold to 408.6 mln rupees ($4.8 mln) on new apartment launches and strong price growth
** Revenues jumped 62.6%
** Stock set to rise for a third straight month
** More than 580,000 shares traded, 3x its 30-day moving avg
** Avg rating of 15 analysts is "buy", median PT is 1,610 rupees, ~11% higher than current price - data compiled by LSEG
** YTD SOBH down ~8%, while rivals Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS down ~12% and ~11%, respectively

(Reporting by Anuran Sadhu in Bengaluru)

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** India’s DLF DLF.NS climbs 4.6% to 771 rupees

** Set for fifth straight session of gains

** Realtor's consolidated net profit jumps 39% Y/Y on strong demand for its luxury offerings

** Despite no significant launches in the quarter, DLF's pre-sales were above estimates, says Jefferies

** DLF maintains a "robust" pipeline of projects, including key upcoming launches such as Privana Phase 3 in Goa and Mumbai, that will significantly contribute to its sales momentum, say JP Morgan analysts

** Avg rating on DLF, rivals Sobha SOBH.NS and Prestige Estates Projects PREG.NS at "buy" - data compiled by LSEG

** YTD, all three stocks record fall - DLF 6.7% vs PREG 14% and SOBH 13%. Realty index .NIFTYREAL down 11.4%

(Reporting by Kashish Tandon in Bengaluru)

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** India's Nifty Realty index .NIFTYREAL rises 2.5%

** Macrotech Developers MACE.NS, Godrej Properties GODR.NS, DLF DLF.NS up 4.7%, 3.4%, and 2.5%, respectively

** Phoenix Mills PHOE.NS up 2.1%, Sobha Ltd SOBH.NS gains 2%, and Prestige Estates Projects PREG.NS rises 1.6%

** 8 out of 10 constituents of NIFTYREAL gain

** Arkade Developers ARKD.NS Chairman and MD says stamp duty registrations in Mumbai for April grew 1.6% Y/Y

* Adds, "while the rise may appear modest, it indicates sustained end-user confidence and underlying demand in Mumbai"

** NIFTYREAL down ~15% YTD

(Reporting by Vijay Malkar)

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** Shares of property developer Sobha SOBH.NS rise 3.3% to 1,129 rupees

** Co on Monday said total sales value grew 22.1% y/y compared to the same quarter last year

** Adds, Q4 total new sales amounted to 1.6 million sq ft, up from 1.3 million sq ft a year earlier

** SOBH set to rise after two sessions of fall, amid a broader market rebound

** Stock lost ~30% YTD vs ~25% fall in Nifty realty index .NIFTYREAL

** SOBH had dropped 8% in the last session, tracking broader market sell-off triggered by U.S. tariffs

(Reporting by Yagnoseni Das in Bengaluru)

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March 31 (Reuters) - Sobha Ltd SOBH.NS:

• GOT TAX DEMAND ORDER WORTH 103.8 MILLION RUPEES

  
  

Source text: ID:nBSE6yYgYp

Further company coverage: SOBH.NS

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March 4 (Reuters) - Sobha Ltd SOBH.NS:

• SOBHA LTD - UNIT GETS TAX DEMAND FOR 44.3 MILLION RUPEES, INTEREST DEMAND FOR 24 MILLION RUPEES

Source text: ID:nBSE277zvY

Further company coverage: SOBH.NS

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** Nifty realty index .NIFTYREAL drops 3%, down for the third straight day

** In nine sessions so far in February, NIFTYREAL lost in six

** Sub-index ~27% below all-time high logged in June 2024

** On Wednesday, nine of NIFTYREAL's 10 constituents fell; Macrotech MACE.NS only stock to buck wider weakness

** Sub-index's heaviest stock DLF DLF.NS down 3.8% in fourth straight session of losses

** Prestige Estates PREG.NS top pct loser after dropping 4%, extends retreating run for eighth straight session

** Ambit Capital's Karan Khanna says, "Pace of project launches have improved so far in the quarter, but it is still lagging market expectations"

** Sobha SOBH.NS down ~12% so far this week; cut its FY25 sales growth on Friday

** YTD, NIFTYREAL's 19% drop steeper than benchmark Nifty 50's .NSEI 3% slip

(Reporting by Hritam Mukherjee in Bengaluru)

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** India homebuilder Sobha SOBH.NS falls 6.6% to end at 1,202.35 rupees, dropping for the fourth session in a row

** Sobha expects sales to be flat in FY25 vs prior view of 20% growth, it said on Friday after posting Q3 results that showed it relied on older projects for growth

** Since the results, at least 10 of 13 brokerages covering the stock have lowered their price targets, per LSEG data

** CLSA keeps "underperform", cuts PT to Street-low of 1,150 rupees saying the guidance indicates slower-than-expected new launches

** Jefferies keeps "hold", cuts PT to 1,450 rupees, saying Sobha will not meet its forecast even if launches in core market Bengaluru revives in Q4

** Motilal Oswal cuts PT to 2,058 rupees, but keeps "buy", betting on growth due to ongoing fundraising, land acquisitions

** Avg rating of analysts is "buy" and mean PT is 1850.62 rupees -LSEG data

** Sobha has lost 13.5% in 4-session losing run, while Nifty realty index .NIFTYREAL has fallen 6.8%

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 6 (Reuters) - Sobha Ltd SOBH.NS:

• GETS DEMAND ORDER FOR TAX OF 325.1 MILLION RUPEES, PENALTY OF 330.5 MILLION RUPEES

Source text: ID:nNSE7DB2F7

Further company coverage: SOBH.NS

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Feb 1 (Reuters) - Shares of Indian real estate companies rose on Saturday after the government announced measures to boost the spending power of the middle class in Asia's third-biggest economy, likely spurring investments in the residential housing space.

India's plan to cut income tax rates in the 2025-26 budget was widely welcomed by investors and experts, as it boosts disposable income in a country grappling with sluggish consumption in recent quarters.

The Nifty realty index .NIFTYREAL rose 3.3% and was set for its best day in nearly eight months.

Eight of the ten members in the sub-index were trading higher, with realtors Prestige Estates PREG.NS, DLF DLF.NS and Sobha SOBH.NS climbing between 2% and 6%.

"This move is expected to strengthen demand for affordable housing," said Anuj Puri, chairman of ANAROCK Group.

Middle-class homebuyers, landlords, and investors can now benefit from reduced tax liabilities, better affordability, and fewer compliance hassles, Puri added.

Badal Yagnik, CEO of Colliers India, also echoed the sentiment and said the rationalization of taxes and enhancement of exemption limits can boost disposable income, spurring consumption levels and real estate investments, particularly in residential real estate and alternate financial instruments such as REITs.

The government also made room for homeowners to claim two self-occupied properties as tax-free, as compared to only one earlier, a move likely benefiting residential real estate investment.

This step minimizes tax pressures, promotes homeownership, and facilitates real estate investment, especially in second homes and Tier 2 and 3 cities, Puri said.

Other consumption-linked sectors were also trading higher on the day after the cut to income tax.

(Reporting by Indranil Sarkar and Kashish Tandon in Bengaluru; Editing by Eileen Soreng)

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Jan 30 (Reuters) - Sobha Ltd SOBH.NS:

• GETS TAX ORDER FOR 14.1 MILLION RUPEES, PENALTY 93.5 MILLION RUPEES

Source text: ID:nBSE8JqPlY

Further company coverage: SOBH.NS

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** Shares of Sobha SOBH.NS fall 2.6% to 1,474.8 rupees

** Stock top loser on Nifty Realty Index .NIFTYREAL, which is down 0.72%, with 9 out of its 10 constituents trading in the red

** The property developer said on Tuesday its total sales value fell 29% Y/Y to 13.89 bln rupees ($161.9 mln) in Q3

** Co hurt by a 39% fall in new sales area during the quarter

** 14 analysts covering the stock on avg have a "buy" rating; median PT is 2,025 rupees - data compiled by LSEG

** SOBH gained 64% in 2024 vs a 34% rise in NIFTYREAL

($1 = 85.8200 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Sobha Ltd SOBH.NS rise 1.3% to 1,536 rupees

** Investec initiates coverage on SOBH with 'buy', sets PT of 2,150 rupees ($25.45)

** Brokerage says strong project pipeline to drive pre-sales; expects annual launches to grow over next 2 years

* Adds, co has significantly reduced debt over the last 3 years and has been outperforming peers

** More than 291,000 shares change hands, 1.6x the 30-day avg

** 14 analysts covering the stock on avg have a "buy" rating; median PT is 2,025 rupees - LSEG data

** Stock up 60% YTD

($1 = 84.4925 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 14 (Reuters) - Sobha Ltd SOBH.NS:

• APPOINTS NISANTH M N AS DIRECTOR DESIGNATED AS DEPUTY MD

Source text: ID:nBSEb1C6w

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Nov 8 (Reuters) - Sobha Ltd SOBH.NS:

• SOBHA - TO CONSIDER PROPOSAL FOR FUND RAISING BY ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSE2wRGlL

Further company coverage: SOBH.NS

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Oct 15 (Reuters) - Sobha Ltd SOBH.NS:

• SOBHA - NATIONAL STOCK EXCHANGE OF INDIA ISSUED AN ADVISORY LETTER

Source text for Eikon: ID:nBSE1nvXRh

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** Shares of property developer Sobha SOBH.NS fall 2.9% to 1,693 rupees

** Co on Monday said in its Q2 total sales value fell 31.6% Y/Y

** Adds, Q2 total new sales amounted to 929,907 sq ft, down from 1.69 mln sq ft a yr earlier

** SOBH top loser on the Nifty realty index .NIFTYREAL, down 0.6%

** Stock set to extend losses for an eighth straight session

** Stock gained ~76% YTD vs ~30% jump in NIFTYREAL

(Reporting by Yagnoseni Das in Bengaluru)

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