Categories AlphaGraphs, Earnings, Realty

Sobha Ltd Q3FY24; 53% 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 Co. is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products.

Financial Results:

Sobha Ltd reported Revenues for Q3FY24 of ₹685.00 Crores down from ₹868.00 Crore year on year, a fall of 21.08%.

Total Expenses for Q3FY24 of ₹692.00 Crores down from ₹862.00 Crores year on year, a fall of 19.72%.

Consolidated Net Profit of ₹15.00 Crores down 53.12% from ₹32.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.59, down 52.54% from ₹3.35 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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