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Sobha Ltd Q2FY24; 21% fall in Profits

Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to operations of townships, housing projects, commercial premises, and other related activities. The company is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products.

Financial Results:

Sobha Ltd reported Revenues for Q2FY24 of ₹741.00 Crores up from ₹670.00 Crore year on year, a rise of 10.6%.

Total Expenses for Q2FY24 of ₹749.00 Crores up from ₹656.00 Crores year on year, a rise of 14.18%.

Consolidated Net Profit of ₹15.00 Crores down 21.05% from ₹19.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.58, down 21.78% from ₹2.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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