Comments
Sobha Ltd has posted 10.30 per cent higher profit at ₹39.6 crore for the third quarter (Q3) of FY 2016-17 on consolidated basis against ₹35.9 crore recorded in the same period last year.
The company’s income from operations is also higher by 23.21 per cent to ₹542.5 crore (₹440.3 crore). EPS stood at ₹4.09 against ₹3.72 last year.
The company in Q3 achieved new sales volume of 613,652 square feet, valued at ₹391 crore with an average realisation of ₹6,369 per square feet (Sobha’s share of sale value stood at ₹373 crore with an average realisation of ₹6,082 per square feet).
Net operational cash flow stood at ₹13.4 crore.
J C Sharma, Vice-Chairman and Managing Director, said: “Despite the impact on the operational performance due to demonetisation, the company has shown a steady and consistent growth in its financial performance for the quarter.”
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.