Sobha Limited has informed the Exchange regarding outcome of Board meeting held on May 04, 2026.
SOBHA · price
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Sobha Limited's Board approved audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations grew 32% to ₹53,677 million from ₹40,667 million in the previous year. Profit after tax more than doubled to ₹3,013 million from ₹1,122 million, with EPS at ₹28.18 versus ₹10.99. The Board recommended a dividend of ₹6 per equity share (₹10 face value), subject to shareholder approval at the July 18, 2026 AGM. The auditors issued an unmodified opinion but included two emphasis of matter notes: one regarding provisional attachment of ₹2,016.05 million land parcels by the Enforcement Directorate under PMLA, and another concerning Income Tax department demand orders of ₹672 million arising from a March 2023 search operation. Mr. Jagadish Nangineni was re-appointed as Managing Director and Mr. Raman Mangalorkar as Non-executive Independent Director for five-year terms from April 2027.
Strong financial performance with revenue and profit growth significantly exceeding expectations. However, regulatory matters (PMLA case and IT demands) noted in emphasis of matter present contingent risks that investors should monitor. The dividend recommendation provides shareholder returns.