Sobha reports record sales bookings in Q4FY21 despite Covid woes; stk up 8%

The company reported record sales bookings of Rs 1,072 crore during the last quarter of fiscal year 2020-21

Shares of real estate company Sobha gained 8 per cent and hit an intra-day high of Rs 465 on the BSE on Tuesday after the company said it has reported record sales bookings of Rs 1,072 crore during the last quarter of fiscal year 2020-21 (Q4FY21) despite the Covid-19 pandemic. Its sales bookings stood at Rs 695 crore in the Q4FY20 financial year.

In Q4FY21, the company’s gross sales volumes stood at 1.34 million square feet, up 48 per cent year on year (YoY) in volume terms, driven by a healthy uptick in Bengaluru and continued momentum in Kochi/Gurugram