Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Sobha Limited, a Bengaluru-based real estate developer, has posted Rs 16.2 crore profit for the second quarter of FY 2020-21 on a consolidated basis against Rs 67 crore reported last year. The company’s Q2 income was Rs 545.9 crore against Rs 803.8 crore in the same period last year. EPS for the quarter stood at Rs 1.71 compared with Rs 7.07 last year.
Segment revenue for the quarter was lower with Real Estate at Rs 333.4 crore (last year Rs 427.6 crore), while the contractual and manufacturing at Rs 210.1 crore (last year Rs 388 crore).
J C Sharma, Vice Chairman and Managing Director, Sobha Limited said, “We have achieved total sales volume of 8,91,700 square feet valued at Rs 690 crore, with an average price realization of Rs 7,737 per square feet during Q2-21 despite lockdown being imposed in Bengaluru in July and without any new project launch during the quarter.”
He further added “In addition there were uncertainties in the macro-economy with a tough real estate sector scenario. Sales volume, total sales value and Sobha’s share of sales value during Q2 were up by 37 per cent, 41 per cent, 35 pe rcent respectively as compared to Q1 of 2020-21. During the first half of this fiscal, we have achieved sales volume of 15,42,100 square feet valued at Rs 1,178 crore, with an average price realization of Rs 7,636 per square feet.”
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Creator of the world’s biggest art canvas hopes to help children in poorer countries
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor