Page 2 - Sobha Ltd

Sobha Q3 sales bookings up 37% at Rs 1,952 cr on strong housing demand

Realty firm Sobha Ltd has reported a 37 per cent increase in sales bookings at Rs 1,951.6 crore in the third quarter of this financial year, mainly on the back of strong housing demand in Bengaluru. Its sales bookings stood at Rs 1,424.7 crore in the year-ago period. "The Q3 (third quarter) of this financial year has been the best-ever sales quarter for Sobha," the company said in a regulatory filing late on Thursday. The average price realization improved to Rs 11,732 per square feet during the third quarter of this fiscal year, from Rs 9,653 per square feet in the year-ago period. Sales bookings in volume terms also increased to 16.63 lakh square feet, from 14.76 lakh square feet during the period under review. "Bengaluru has achieved its highest ever quarterly sales of 1.25 million square feet with a value of Rs 14.99 billion, led by the successful launch of the Sobha Neopolis project in the beginning of the quarter," the company said. Sobha highlighted that the Delhi-NCR regi

Real estate developer Sobha posts Q2 profit fall on higher expenses

Analysts, however, flagged muted launches by regional developers, including Sobha peers Prestige Estate Projects and Brigade Enterprises

Stocks to Watch today, Aug 08: Airtel, Max Health, GIC Housing, Sobha, BEML

Stocks to watch on August 08, 2023: Adani Ports, Coal India, Hindalco, Jet Airways, Oil India and Utkarsh SFB are few of the notable companies to announce June quarter earnings on Tuesday.

Sensex sinks 505 pts, Nifty gives up 19,350 amid global weakness; PSBs soar

Closing Bell on July 7, 2023: PowerGrid, IndusInd Bank, HUL, NTPC, Bajaj Finance, HCL tech, Tech M, L&T, Asian Paints, ICICI Bank, ITC, Kotak Bank, Infosys, and HDFC twins declined up to 3 per cent

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

Realty shares in focus; Godrej Properties, Indiabulls, Sobha hit 52-wk lows

Media reports suggested that stamp duty may be increased by 1% in Maharashtra along with a hike in ready reckoner rates.

Sobha Ltd Q3 profit halves as land purchase costs surge, expenses up 51.7%

India's real estate developer Sobha Ltd on Tuesday reported that its third-quarter profit nearly halved, hit by higher land acquisition costs

Sobha Q3 sales bookings up 36% to Rs 1,425 cr on strong revival in demand

Bengaluru-based realty firm Sobha Ltd on Friday reported a 36 per cent growth in its sales bookings to Rs 1,424.7 crore for the quarter ended December 2022 on strong revival in demand. In a regulatory filing, Sobha Ltd informed that its sales bookings stood at Rs 1,047.5 crore in the year-ago period. Sobha Ltd achieved highest-ever quarterly sales bookings in the December quarter in terms of both volume and value. The average price realisation improved to Rs 9,650 per square feet, up 21.9 per cent from the corresponding quarter of last year. Achieved highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 per cent compared to the previous year. During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago. In the first nine months of this fiscal, the company achieved total sale of 4.17 million square feet, an increase of 16.9 per cent over the preceding year. The average price .

Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T

Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.

Four individuals settle with Sebi case related to Sobha Ltd, pay Rs 2.93 cr

Markets regulator Sebi has disposed of the adjudication proceedings against realty firm Sobha Ltd and four individuals following settlement in a case pertaining to alleged fraudulent trading and disclosure lapses. A settlement amount of Rs 2,92,50,000 has been paid by the four individuals. Among others, it was alleged that Sobha Ltd had misrepresented the receivables for the construction of residence of one D K Shivakumar (DKS) and misreported service tax/GST dues of the individual in three financial years -- 2016-17, 2017-18 and 2018-19. There was also the allegation about non-disclosure of change in accounting policy for the same during the said period, according to a settlement order passed by Sebi on Monday. Apart from Sobha Ltd, the proceedings were initiated against the company's Chairman and Executive Director Ravi Puthan Naduvakkat Chentha Maraksha Menon (noticee 2) and three others -- Jagdish Chandra Sharma (noticee 3), Ramakrishnan Prabhakaran (noticee 4) and Subhash Moha

Here's why Vinay Rajani of HDFC Securities is bullish on MphasiS, Sobha

The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.

Sobha's FY22 sales bookings up 23% to Rs 3,870 cr on better housing demand

According to a quarterly operational update, the company's sales bookings in volume terms increased by 22% to 49,09,567 sq ft during the last fiscal from 40,13,581 sq ft in the 2021-22 fiscal year

Realty firm Sobha's Vice Chairman and MD J C Sharma resigns

Sharma will hold the position till March 31, 2022

Sobha consolidated net profit rises 51% to Rs 32.7 crore in Dec quarter

Realty firm Sobha Ltd on Friday reported a 51 per cent increase in its consolidated net profit at Rs 32.7 crore for the quarter ended December.

DLF, Oberoi Realty: Rally in real estate stocks has more legs, charts show

The Nifty Realty index can rally towards 525-level.

Britannia, Aurobindo, Ujjivan SFB look weak on charts post Q2 results

Sobha Ltd, however, is expected to surge up to 14% indicates the daily chart.

Realty firm Sobha Q2 net profit jumps nearly 3-fold to Rs 48.3 cr

Realty firm Sobha Ltd on Monday reported a nearly three-fold jump in its consolidated net profit at Rs 48.3 crore for the quarter ended September

Realty Check: Stocks from the real estate index can rally up to 25%

Most stocks in the real estate segment are set to add more gains in the coming sessions

Realty firm Sobha Q1 profit up 73% at Rs 11 cr

Realty firm Sobha Ltd on Saturday reported a 73 per cent rise in its consolidated net profit at Rs 11.4 crore for the quarter ended June.

Sobha clocks record sales bookings of Rs 3,137 cr in FY21 despite COVID

Realty firm Sobha Ltd on Monday reported record sales bookings of Rs 3,137 crore during the last fiscal year despite the COVID-19 pandemic.