Sobha stock reports strong H1 sales as margins remain key

Published on 10/07/2026 at 05:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sobha stock is tied to H1 FY27 sales value of INR 5,862 crore reported October 2. The average analyst target stands at INR 1,752.17, with Q2 sales area at 1.42 million square feet.

Sobha, INE671H01015, Illustration mit AI erstellt.

Sobha (ISIN INE671H01015) was last at INR 1,190.70 on the NSE on October 6, 2026 at 3:29 p.m. IST, down 0.63 percent from the prior session. The key company update is operational: Q2 FY27 total sales value reached INR 2,206 crore, up 16 percent year over year, according to TradingView on October 2, 2026.

H1 sales set a record

The first-half sales value reached INR 5,862 crore, up 47.2 percent year over year, making the H1 figure the highest in Sobha's history. Q2 sales area was 1.42 million square feet, up 2.2 percent year over year, while Sobha's share of sales value rose 22.4 percent to INR 1,882 crore, TradingView reported.

The sequential picture is less even. Q2 sales value declined 40 percent from INR 3,656 crore in Q1, reflecting the lumpy effect of project launches rather than a year-over-year contraction.

Margins remain the next test

Operational revenue in Q1 FY27 rose 50 percent year over year to INR 1,278.1 crore, while EBITDA increased to INR 77.6 crore from INR 23.7 crore, according to TradingView. The Q1 EBITDA margin improved to 6.1 percent from 2.8 percent, but the reported margin level keeps execution and project mix central to the stock story.

Analysts see room above NSE price

In a report dated October 4, 2026, Emkay retained a Buy rating and a target price of INR 1,900, citing the launch pipeline and expected margin improvement, as TradingView reported. The estimate depends on converting the strong H1 booking pace into second-half launches and recognized earnings.

The broader consensus is also positive. Investing.com lists Strong Buy from 18 analysts, including 16 Buy ratings and 2 Holds, with an average 12-month target of INR 1,752.17, a high of INR 1,930 and a low of INR 1,480.

Sobha stock stays below yearly high

Sobha stock was last at INR 1,190.70 on the NSE on October 6, 2026. The price stood 31.3 percent below the 52-week high of INR 1,732 and above the 52-week low of INR 1,130, while market capitalization was INR 127.3 billion.