Sobha Developers, backed by new launches, has registered a rise of 73 per cent in net profit to Rs 45 crore on a consolidated basis for the first quarter this fiscal. The company’s revenues also grew 56 per cent to Rs 433.20 crore in the same quarter, while EPS stood at Rs 4.59 compared with Rs 2.65 for the last year. According to J.C. Sharma, Vice-Chairman and Managing Director, the company during the quarter sold 25 per cent more space compared with the same period last year.

(This article was published on August 7, 2012)
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