Sobha Ltd

Sobha share rallies 6% as Q2 profit climbs 75% YoY; check details here

The rise in Sobha share price came on the back of stellar show in the September quarter of financial year 2025 (Q2FY25)

Sobha Ltd Q2 results: Net profit up 75% to Rs 26 cr, income at Rs 965 cr

Realty firm Sobha Ltd has posted a 75 per cent increase in consolidated net profit of Rs 26.08 crore for the September quarter. Its net profit stood at Rs 14.94 crore in the year-ago period. Total income rose to Rs 965.29 crore in the second quarter of the ongoing fiscal year from Rs 773.6 crore in the year-ago period, the company said in a regulatory filing on Thursday. Sobha Ltd Managing Director Jagadish Nangineni said, "Our Q2, FY25 performance reflects continued strength in our operations, fuelled by our teams efforts across functions and sustained demand in residential real estate. The geographical diversification of our project portfolio is paying rich dividends, with the ability to cater to demand across all our eleven operating cities." With solid financial strength of the company, post successful completion of rights issue, coupled with deep operational expertise and international brand recognition, the company is effectively positioned to ride the growth wave, he ...

Weak Q2 sales pushes Sobha share price 4% lower on October 8

Sobha's new sales plunged 44.9 per cent year-on-year (Y-o-Y) to 929,907 square feet in Q2FY25, from 1,686,196 square feet in Q2FY24.

Sobha zooms 5% after Q1FY25 results; overall sales value jumps 28% YoY

The surge in Sobha share price came after the real estate developer's overall sales value rose 28% Y-o-Y to Rs 1,874 crore. Sequentially, the overall sales grew 24.6%, compared to Q4FY24

Sobha Ltd Q1 results: Net profit sinks 50% to Rs 6.06 cr on lower sales

The April-June period saw delays in approvals for real estate projects amidst general elections in the country, resulting in fewer launches and a slowdown in sales

Sobha block deal today: Stock falls 4.5% as around 5 mn shares change hands

Block deals today: Reports said the Godrej family-owned Anamudi LLP was the likely seller of the 5 per cent stake

Real estate stocks strategy: Do not cash out fully, say analysts

residential sales across the top seven cities (National Capital Region, Mumbai Metropolitan Region, Bengaluru, Pune, Hyderabad, Chennai and Kolkata) slipped 8 per cent quarter-on-quarter in Q1-FY25

Sobha Ltd to launch rights issue on Friday to raise up to Rs 2,000 cr

Realty firm Sobha Ltd will launch its rights issue on Friday to raise up to Rs 2,000 crore mainly to reduce debt, purchase land as well as machines and meet the construction cost of its various projects. The issue will close on July 4. On June 12, the Board approved the terms of the rights issue. The Bengaluru-based company would issue 1,21,07,981 equity shares each on partly-paid basis for an amount up to Rs 2,000 crore. The price fixed for rights issue is Rs 1,651 per share (including premium of Rs 1,641 per share). The rights entitlement ratio has been fixed at 6 rights equity shares for every 47 fully paid-up equity share of the company held by the eligible equity shareholders of the company, as on the record date. On the objects of the issue, the company has proposed to utilise Rs 905 crore for repayment or prepayment, in full or in part, of certain borrowings. The company plans to utilise Rs 212.35 crore to fund certain project related expenses for ongoing and forthcoming

Sobha Group to soon enter Mumbai luxury housing market, says founder Menon

Realty firm Sobha Group has chalked out an aggressive expansion plan for its India business and will soon enter the Mumbai luxury housing market with an aim to achieve more than a four-fold jump in annual sale bookings to Rs 30,000 crore in the next 4-5 years, according to its founder PNC Menon. Sobha Group, which was founded in 1995, has a real estate business in India and Dubai, with plans to soon enter the US property market. Buoyed by its success in the Dubai real estate market where Sobha Group clocked Rs 35,000 crore worth of sales in 2023, Menon -- the richest person in Oman -- intends to replicate the same in the Indian market in terms of scale of business and quality standards. Sobha Group's Dubai entity named Sobha Realty has developed a large resort-style luxury township here named 'Sobha Hartland' with complete backward integration to ensure quality. Another township and a few more projects are being constructed here. "Our India business Sobha Ltd will enter the Mumbai

Sobha stock price drop! Shares fall 5% as Q4 profit falls 86% YoY

Sobha stock price: Sobha Ltd's total income also fell 36 per cent Y-o-Y to Rs 791.25 crore from Rs 1,240.14 crore

Stocks to Watch, May 18: Vodafone Idea, ZEE, Delhivery, Sobha, Zydus Life

Stocks to Watch on Saturday, May 18, 2024: Vodafone Idea is directing capital expenditure towards enhancing its 4G service coverage, aiming to expand its subscriber base

Real-estate firm Sobha Ltd gets Rs 46 cr income tax demand notices

Realty firm Sobha Ltd has received demand notices of nearly Rs 46 crore from Income Tax Department. The notices were issued by Deputy Commissioner of Income Tax, Central Circle- 1(4), Bengaluru. The notices are related to Assessment Year ( AY) 2016-17 and 2022-23. In a regulatory filing on Monday, Sobha informed that the "company has received demand notices under section 156 of the Income Tax Act, 1961 for Rs 13.12 crore and Rs 32.68 crore related to AY 2016-17 and AY 2022-23 respectively, due to disallowances of certain expenses and other additions." Sobha said it is in the process of filing an appeal before the Commissioner of Income Tax (Appeals), against the said orders within the prescribed timelines. "The company has legal and factual grounds to substantiate its case. The company is in the process of evaluating the implications of these orders on the financial statements," Sobha said. There is no impact on operations or other activities, it added. Bengaluru-based Sobha Ltd

DLF, Prestige, Sobha: CLSA downgrades select realty stocks. Here's why

Most positive factors in terms of a pick-up in housing demand and office space absorption, CLSA said, are already priced in.

Sobha Q3 sales bookings up 37% at Rs 1,952 cr on strong housing demand

Realty firm Sobha Ltd has reported a 37 per cent increase in sales bookings at Rs 1,951.6 crore in the third quarter of this financial year, mainly on the back of strong housing demand in Bengaluru. Its sales bookings stood at Rs 1,424.7 crore in the year-ago period. "The Q3 (third quarter) of this financial year has been the best-ever sales quarter for Sobha," the company said in a regulatory filing late on Thursday. The average price realization improved to Rs 11,732 per square feet during the third quarter of this fiscal year, from Rs 9,653 per square feet in the year-ago period. Sales bookings in volume terms also increased to 16.63 lakh square feet, from 14.76 lakh square feet during the period under review. "Bengaluru has achieved its highest ever quarterly sales of 1.25 million square feet with a value of Rs 14.99 billion, led by the successful launch of the Sobha Neopolis project in the beginning of the quarter," the company said. Sobha highlighted that the Delhi-NCR regi

Real estate developer Sobha posts Q2 profit fall on higher expenses

Analysts, however, flagged muted launches by regional developers, including Sobha peers Prestige Estate Projects and Brigade Enterprises

Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML

Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.

Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar

Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

Realty shares in focus; Godrej Properties, Indiabulls, Sobha hit 52-wk lows

Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.

Sobha Ltd Q3 profit halves as land purchase costs surge, expenses up 51.7%

India's real estate developer Sobha Ltd on Tuesday reported that its third-quarter profit nearly halved, hit by higher land acquisition costs