Its net profit stood at Rs 36 crore in the year-ago period, the Bengaluru-based company said in a regulatory filing.
Total income rose to Rs 689 crore in the first quarter of this fiscal from Rs 582 crore in the corresponding period of the previous year.
Sobha Ltd said the Board approved a proposal to buy back up to 14,58,823 equity shares of the company for an aggregate amount not exceeding Rs 62 crore only.
Sobha shares was trading at around Rs 387 apiece on the BSE.
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