Sobha Q2 Results: Net profit up 75% to Rs 26.08 crore nse nifty bse sensex

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Realty steadfast Sobha Ltd has posted a 75 per cent summation successful consolidated nett net of Rs 26.08 crore for the September quarter.

Its nett net stood astatine Rs 14.94 crore successful the year-ago period.

Total income roseate to Rs 965.29 crore successful the 2nd 4th of the ongoing fiscal twelvemonth from Rs 773.6 crore successful the year-ago period, the institution said successful a regulatory filing connected Thursday.

Sobha Ltd Managing Director Jagadish Nangineni said, "Our Q2, FY25 show reflects continued spot successful our operations, fuelled by our teams efforts crossed functions and sustained request successful residential existent estate. The geographical diversification of our task portfolio is paying affluent dividends, with the quality to cater to request crossed each our eleven operating cities." With coagulated fiscal spot of the company, station palmy completion of rights issue, coupled with heavy operational expertise and planetary marque recognition, the institution is efficaciously positioned to thrust the maturation wave, helium added.

"Our absorption connected delivering benchmark prime residences, operation products and services done our unsocial backward integrated operating exemplary would proceed to beryllium our mainstay arsenic we prosecute scale," Nangineni said.

Founded successful 1995, Sobha Ltd has delivered implicit 139.03 cardinal sq ft of developable country crossed 27 Indian cities.

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