Realty firm Sobha's Q2 post-tax profit zooms 165%, sales at all-time high

Real estate developer Sobha’s profit after tax rose 165 per cent to Rs 45.4 crore in the September quarter, compared to Rs 17 crore in the year ago period. The company posted a revenue of Rs 819 crore in the quarter, up 59 per cent on a year on year basis.

This came on the back of the best ever quarterly sales volume of 1,348,864 square feet of super built-up area valued at Rs 1,030 crore. The company’s cost of raw materials consumed reduced 5 per cent to Rs 45 crore in the September quarter, compared to the year ago period.

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