Sobha Limited has informed the Exchange that Board of Directors at its meeting held on May 04, 2026, recommended Final Dividend of Rs. 6 per equity share.
SOBHA · price
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Sobha Limited's Board meeting on May 4, 2026 approved audited standalone financial results for FY26 ending March 31, 2026. Revenue from operations grew 32% to Rs 53,677 million from Rs 40,667 million in FY25. Profit after tax more than doubled to Rs 3,013 million from Rs 1,122 million, while basic EPS rose to Rs 28.18 from Rs 10.99. The Board recommended a final dividend of Rs 6 per equity share (60% on Rs 10 face value), totaling Rs 641.72 million, subject to shareholder approval at the July 18, 2026 AGM. The record date for dividend eligibility is July 10, 2026, with payment within 30 days post-AGM. Key appointments include re-election of Managing Director and Independent Director for five-year terms from April 2027.
Strong financial performance with over 2x profit growth is positive for shareholders. The dividend yield depends on current stock price, but the company's improved profitability signals healthy cash generation. The AGM scheduled for July 18, 2026 will be the key event for final dividend approval.