Sobha Ltd Q2FY26 Operational Update by Choice Institutional Equities
* SOBHA reported Q2FY26 Pre-sales at INR 19.03Bn, up 61.4% YoY and down 8.5% QoQ.
* SOBHA reported Q2FY26 Pre-sales at 1.39 msf, up 49.6% YoY and down 3.5% QoQ.
* Q2FY26 Average Price Realization was INR 13,648 /sq ft, up 7.7% YoY and down 8.6% QoQ.
* During the quarter SOBHA completed 1.18 msf of saleable area, delivering 591 homes across projects like SOBHA Manhattan Towers, SOBHA Sentosa, SOBHA Royal Pavilion in Bangalore, Marina One in Kochi, SOBHA Nesara in Pune and others.
* SOBHA launched one project — an extension of SOBHA Lifestyle, a boutique luxury villa development spread across 2.12 acres in North Bengaluru, located close to the international airport.
* Currently we have a “BUY” rating on the stock with a target price of INR 1,800.
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SEBI Registration no.: INZ 000160131
