Sobha jumps 7% as profit surges nearly 6x to Rs 41 cr

Shares of real estate developer Sobha rallied 6.7% on Friday to hit the day's high of Rs 1,480.70 on the BSE, after the company reported a nearly six-fold jump in consolidated net profit to Rs 40.85 crore for the quarter ended March 31, 2025, up from Rs 7.02 crore in the same period last year, driven by higher revenue.

Total income rose to Rs 1,270.73 crore in Q4FY25, compared to Rs 791.25 crore a year earlier, according to a regulatory filing.

For the full fiscal year 2024-25, net profit rose to Rs 94.68 crore, up from Rs 49.11 crore in FY24, while total income grew to Rs 4,162.75 crore from Rs 3,217.88 crore.

Jagadish Nangineni, Managing Director of Sobha, said the fourth quarter reflected “steady and encouraging progress” driven by strong sales, successful project launches, solid revenue growth, and healthy cash inflows.

He added that the recent Rights Issue has further strengthened the company’s financial position, allowing it to stay focused on execution and expansion. “With the real estate sector continuing to perform well, we see strong potential in the year ahead. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities,” Nangineni said.

Founded in 1995, Sobha has delivered over 143.65 million square feet of developable area across 27 Indian cities.

Also Read: High conviction picks! ICICI Bank, HAL among 10 large-cap stock ideas from PL Capital

Sobha share price outlook


According to Trendlyne, the average target price for Sobha is Rs 1,581, suggesting a potential upside of nearly 14% from current levels. Of the 17 analysts tracking the stock, the consensus rating is ‘Buy’.

Sobha shares have declined 17% over the past six months but are up 181% over the past two years. The company’s current market capitalisation stands at Rs 14,834 crore.

Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 months

( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)