INSUBCONTINENT EXCLUSIVE:
As of 2:03 pm, Sobha shares traded 2.89 percent greater at Rs 911Shares of the Bengaluru-based realty designer - Sobha Limited - increased
as much as 10.36 per cent to strike record high of Rs 976.70 after its earnings tripled in September quarter
Sobha Limited reported net earnings of Rs 48.3 crore compared to Rs 16.2 crore throughout the very same quarter in 2015, marking a boost of
2.98 times or 198 per cent
Its earnings from operations jumped 57 percent to Rs 819 crore versus Rs 522 crore in the year ago period
Throughout the July-September duration, Sobha achieved its finest quarterly sales volume of 13.48 lakh square feet of extremely built-up
area valued at Rs 1,030 crore, the company said in an investor discussion
The company introduced 2 domestic jobs -'Sobha Manhattan' in Bengaluru and 'Sobha Arbor' in Chennai with very built-up location of 8.75 lakh
square feet and 2.89 lakh square feet, respectively
Work from home, low rates of interest, increased price, financially stable designers, significant pickup in the potential customers of IT
sector and increase in incomes and so on will work as primary need motorists in the realty sector, Sobh stated on the outlook for the
Sobha's operating revenue also referred to as revenues prior to intrest, tax, depreciation and amortization (EBITDA) for 2nd quarter of
existing financial year can be found in at Rs
160 crore and operating revenue margin came in at 19 percent
The housing sector continues to follow its development trajectory with healthy traction and strong demand momentum throughout sectors and
Our all-time high brand-new sales reservations displayed a strong efficiency during the quarter followed by healthy capital
This has enabled Sabha to continue with its stellar run in this quarter too, the Bengaluru-based company stated in a news release
As of 2:03 pm, Sobha shares traded 2.89 per cent greater at Rs 911, outperforming the Sensex which was down 0.3 percent
