Meanwhile, the S&P BSE Sensex was down 124.40 points or 0.62% at 19,997.92.
On BSE, 12,000 shares were traded in the counter as against average daily volume of 23,843 shares in the past one quarter.
The stock hit a high of Rs 419.70 and a low of Rs 391.60 so far during the day. The stock had hit a 52-week high of Rs 472.40 on 13 February 2013. The stock had hit a 52-week low of Rs 282.45 on 25 May 2012.
The stock had outperformed the market over the past one month till 11 May 2013, surging 12.69% compared with the Sensex's 8.52% rally. The scrip had, however, underperformed the market in past one quarter, declining 9.56% as against Sensex's 3.4% gain.
The mid-cap real estate developer has equity capital of Rs 98.06 crore. Face value per share is Rs 10.
Shares of Sobha Developers had lost 2.54% to settle at Rs 398.25 on Saturday, 11 May 2013, after the company reported weak Q4 numbers after market hours on Friday, 10 May 2013. A special trading session was held on the bourses for a short duration on Saturday, 11 May 2013, as the BSE was testing its disaster recovery software.
Sobha Developers consolidated net profit declined 28% to Rs 69.60 crore on 12.1% growth in net sales to Rs 585.40 crore in Q4 March 2013 over Q4 March 2012. Consolidated net profit rose 5.4% to Rs 217.20 crore on 32.4% growth in net sales to Rs 1860.20 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). The company reported highest-ever EBITDA (earnings before interest, taxation, depreciation and amortization) at Rs 554 crore in FY 2013.
Sobha Developers' debt-equity ratio on consolidated basis as on 31 March 2013 stood at 0.57. The company said that it is committed to work within the debt-equity ratio of around of 0.6.
With regard to the company's growth plans, Sobha said that the improving cash flows have prompted the company to look for new opportunities in emerging markets as well as its existing locations. Sobha said it plans to make a foray into new geographies like Kochi, Kozhikode (Calicut), Hyderabad and Noida/Ghaziabad region in FY 2014.
Sobha said that the company currently has 43 ongoing real estate projects aggregating to 25.83 million square feet of developable area and 10.65 million square feet of contractual projects under various stages of construction.
Sobha Developers is a real estate developer. It is primarily focused on residential and contractual projects.
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