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Sobha was down 5% to Rs 226, also its 52-week low on BSE in early morning trade, after the company reported a flat consolidated net profit at Rs 38.4 crore for the quarter ended September 30, 2016 (Q2FY17). The real-estate developer had profit of Rs 38.8 crore in year ago quarter.
Total income from operations rose 8% to Rs 541 crore in Q2FY17 against Rs 500 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin declined to 20.3% in Q2FY17 from 26.53% in Q2FY16.
At 09:35 am, the stock was down 4% at Rs 229 on BSE as compared to 0.92% rise in the S&P BSE Sensex. A combined 27,058 shares changed hands on the counter on BSE and NSE.
Total income from operations rose 8% to Rs 541 crore in Q2FY17 against Rs 500 crore in the corresponding quarter of previous fiscal.
EBITDA (earnings before interest, taxes, depreciation and amortization) margin declined to 20.3% in Q2FY17 from 26.53% in Q2FY16.
At 09:35 am, the stock was down 4% at Rs 229 on BSE as compared to 0.92% rise in the S&P BSE Sensex. A combined 27,058 shares changed hands on the counter on BSE and NSE.
