Sobha Developers today reported 28% decline in consolidated net profit to Rs 69.6 crore for the fourth quarter ended March 31, 2013.
The company had posted a net profit of Rs 96.7 crore in the year-ago period.
The Bangalore-based real estate developer also announced that the Board of Directors has recommended dividend of Rs 7 per equity share of Rs 10 each, according to a BSE filing by the company.
Total income rose to Rs 586.7 crore during January-March quarter of 2012-13 from Rs 523.1 crore in the corresponding quarter of 2011-12 fiscal.
For the full 2012-13 fiscal, net profit increased to Rs 217.2 crore from Rs 206 crore in the previous year.
Total income also rose to Rs 1,864.5 crore in last fiscal against Rs 1,407.9 crore in 2011-12 fiscal.
