Sobha Q3 Results: Profit rises to Rs 21.68 crore, total income grows to Rs 1,257 crore

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Sobha Q3 Results: Realty steadfast Sobha Ltd connected Thursday reported a 44 per cent summation successful its consolidated nett net to Rs 21.68 crore for the 4th ended December 31, 2024. Its nett net stood astatine Rs 15.08 crore successful the year-ago period.

Total income accrued to Rs 1,256.87 crore successful the 3rd 4th of this fiscal against Rs 713.74 crore successful the corresponding play of the preceding year, according to a regulatory filing.

"Our fiscal and operational spot has importantly accrued this twelvemonth with the rights contented and improved visibility," Jagadish Nangineni, Managing Director of Sobha, said.

"We embark connected entering 3 caller cities - Greater Noida, Hosur and Mumbai - successful the adjacent year, expanding our footprint to 15 cities successful the country. This reaffirms our committedness to delivering high-quality homes to a broader lawsuit basal portion maintaining fiscal prudence," helium added.

With the existent property assemblage connected a dependable maturation trajectory, Nangineni said the institution is poised for important momentum with upcoming task launches.

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