Home / Companies / Results / Sobha's Q3 net rises 57% to Rs 33 cr, revenue dips 2% to Rs 668 cr

Sobha's Q3 net rises 57% to Rs 33 cr, revenue dips 2% to Rs 668 cr

The company achieved total cash inflow of Rs 1,059 crore during Q3 of FY22 which is the highest in its lifetime

Housing market, Homes, Real estate, Realty

Premium

2 min read Last Updated : Feb 12 2022 | 12:53 AM IST

Realty major Sobha saw its net profit rise 57 per cent to Rs 33 crore in the December quarter (Q3), compared to the year-ago period. However, its revenue dipped 2 per cent to Rs 668 crore in Q3.

Net debt reduced by Rs 123 crore. “We were able to reduce net debt by Rs 439 crore in the last 9 quarters. Borrowing cost has further come down during the quarter and stands at 8.65 per cent as on December 31,” the company said.

The company said it achieved a quarterly sales volume of 1,322,684 square feet of super built-up area

Topics : Sobha Developers Q3 results Real Estate

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in