Last week, Sobha reported 73% rise in net profit at Rs 44.9 crore
This is against a net profit of Rs 29.97 crore in the same period last year
Hit by weak demand and prices in its main European market
The company had clocked Rs 1,801 crore net profit in the same quarter last fiscal
The net loss is ower on a q-o-q basis as the same stood at Rs 154 cr in the January-March 2012 quarter
Total income slightly higher at Rs 1888.4 crore
Aluminium prod down to 132,000 tonne from 140,000 tonne, copper down to 69,000 tonne from 73,000 tonne
Net sales of the company up at Rs 628 crore during Q1 ended June 30, 2012 versus Rs 555 crore during the same period of 2011-12 fiscal
Standalone net profit was down 24% at Rs 327 crore for the reported quarter as compared to Rs 430 crore
High interest cost, fall in oil prices, rupee depreciation led to the huge losses, the company said.
The company will be aggressively expanding its retail presence across the country over a period of time
Consolidated total income stood at Rs 747 crore for the quarter versus Rs 512 crore during the same period of 2011-12 fiscal
BSE incurred an extraordinary expense of Rs 8.9 crore during the quarter
Total expenses of the company were at Rs 219 crore in the reported quarter, up from Rs 154 crore a year earlier
The upbeat result was a product of lower expenses
Company had posted a consolidated net profit of Rs 16.01 crore in the corresponding period last fiscal