your password has been reset successfully, Please login again.

Sobha Surges By 31 Per Cent As Per Q4 December Report

Sobha has earned a consolidated net profit INR 69.8 crore as per Q4 FY18
BY BEx Bureau
Feb 08, 2019

Recently, Sobha, a Bengaluru-based company has released its Q4 December revenue. The companys report demonstrates there is a 31 per cent surge in total net profit. The current increased revenue amounts to be INR 69.8 crore.

During Q3 December, the companys had arisen to INR 807.7 crore from the earlier INR 700.4 crore. J C Sharma, Vice Chairman and MD of Sobha, said, Sobha has entered 2019 with a positive performance backed by world-class products, multi-city operations and its distinctive backward integration model. This has enabled us to deliver 7.78 million square feet of the developable area during the nine months of FY 18-19. Sharma further added, The launch of new project 'Sobha Isle' in Kochi has improved the sales in the Kerala market, which was impacted earlier due to the floods. (Source: ET news)

At the moment, the company is engaged in multiple real estate projects amounting to 39.09 million sq. feet of developing land and 27.23 million sq. feet land for sale. Besides this, the Bengaluru company has various contractual projects underway amounting to 8.89 million sq. feet that are under varying levels of construction.

Presently, the company has its real estate subsidiaries in nine Indian cities, that are, Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Calicut, Cochin and Mysore.

Please add your Comment
April 22, 2020
In unfavourable conditions, Indian companies are taking panicked decisions and opting for bridge rou ...More
By Jaspreet Kaur
April 04, 2020
Aavishkaar has wholly exited from Sara Plast, which is a portable sanitation services company ...More
By Jaspreet Kaur
March 10, 2020
The startup essentially concentrates on hosting online events; its funding round was led by Accel In ...More
By Jaspreet Kaur
March 07, 2020
Singularity Automation is concentrated on firms working in the shared accommodation industry to hand ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 28, 2020
ONGC and HPCL are acquiring a new share for INR 371 crore, which they did not own previously ...More
By Jaspreet Kaur
February 18, 2020
JSW Energy has got into a share procurement concord with GMR Energy Ltd to buy 100 per cent share in ...More
By Jaspreet Kaur
February 17, 2020
The Bengaluru-based company, NestAway Technologies Pvt. Ltd has bought apartment management and sec ...More
By Jaspreet Kaur
February 01, 2020
As per the agreement, Indiabulls will offer its share to t Embassy's stakeholders considering a swap ...More
By Jaspreet Kaur
January 27, 2020
As per the concord, the Germany-based company will buy nearly 99 per cent of the equity share capita ...More
By Jaspreet Kaur
January 25, 2020
The Noida-based payment solutions firm, Pine Labs Pvt. Ltd has secured undisclosed funding from the ...More
By Jaspreet Kaur
January 24, 2020
Jaipuria Group-backed PepsiCo bottler has lately invested INR 10 crore in pre-Series A funding round ...More
By Jaspreet Kaur