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
BusinessEx
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
SIMILAR News
August 22, 2019
The stakes were bought by several foreign portfolio investors as well as domestic mutual funds. ...More
By Jaspreet Kaur
August 22, 2019
Online gaming firm, Global eSports has amassed an undisclosed sum in a seed funding round from VC fi ...More
By Jaspreet Kaur
August 21, 2019
The company will employ funds for business expansion and to release a new product, Explorazor. This ...More
By Jaspreet Kaur
August 21, 2019
Software startup, Ally proclaimed to INR 57 crore in Series A funding round led by VC, Accel. ...More
By Jaspreet Kaur
August 20, 2019
MPOWER, which is backed by the PE firm, Zephyr Peacock, will utilise the funds to widen its reach to ...More
By Jaspreet Kaur
August 17, 2019
With Sistema Asia Capital’s investment, the aggregate equity funding of Lendingkart has surged to $1 ...More
By Jaspreet Kaur
August 17, 2019
Investors, who partook in the funding round, were Inventus Capital, Storm Ventures, Emergent Venture ...More
By Jaspreet Kaur
August 16, 2019
Ontario Teachers’ Pension Plan is eyeing on the Indian market for future investments; the pension fu ...More
By Jaspreet Kaur
August 16, 2019
UK-based company sold 67.1 million stakes at INR 480.7 epiece, according to the stock-exchange data. ...More
By Jaspreet Kaur
August 14, 2019
Indian ride-hailing firm, Ola has proclaimed to buy Pikup.ai, an AI platform, which renders tech sol ...More
By Jaspreet Kaur
August 14, 2019
Indian online platform, Tjori has amassed INR 5 crore in pre-Series A round from a cohort of investm ...More
By Jaspreet Kaur
August 12, 2019
The automotive manufacturer’s products comprise telematic devices, instrument cluster, and other dat ...More
By Jaspreet Kaur