Sobha Limited has informed the Exchange regarding outcome of Board meeting held on May 04, 2026.
SOBHA · price
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Sobha Limited reported strong FY2026 results with standalone revenue from operations growing 32% to ₹53,677 million from ₹40,667 million in FY2025. Profit after tax surged 168% to ₹3,013 million from ₹1,122 million, driven by higher real estate sales. EPS improved to ₹28.18 from ₹10.99. The Board recommended a dividend of ₹6 per share (60% payout) worth ₹641.72 million, subject to shareholder approval at the July 18, 2026 AGM. Statutory auditors issued an unmodified opinion. However, auditors highlighted two emphasis of matter items: provisional attachment of ₹2,016.05 million land parcels by Enforcement Directorate under PMLA and Income Tax Department demand orders of ₹672 million arising from a March 2023 search operation. Management stated no adjustments required as transactions were compliant with applicable laws.
Strong financial performance with 32% revenue growth and 168% PAT growth is positive for shareholders. However, pending regulatory proceedings (PMLA and IT demands) represent contingent liabilities that could impact future financials if adverse outcomes occur.