Real estate company Sobha Developers today reported its yearly net profit rose by 34% to Rs 182.5 crore.
Revenues were up 31% year-on-year in 2010-11 at Rs 1,464.6 crore, the Bangalore-headquartered company said.
In 2010-11, the company sold 2.78 million sq ft, a 33% yoy growth.
The board has recommended a dividend of Rs 3 per share.
In 2011-12, Sobha plans to launch about 11 million sq ft. In addition to launches in Bangalore, Coimbatore, Thrissur and Pune, the company plans to enter three new territories of Mysore, National Capital Region and Chennai.
"The land required for proposed launches has been fully paid up and the infrastructure needed for development is in place," the company said.
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