Total income, however, rose to Rs 3,825.7 crore in 2019-20 from Rs 3,515.6 crore in the preceding fiscal. Net profit in the fourth quarter of FY20 fell to Rs 50.7 crore
Prestige, Sobha top picks given their exposure to Bengaluru, other southern markets
The company's operational cash flows (OCFs) turned negative for the first time in the past five years
Street,however, worried over debt
The company said sales bookings for the first quarter of FY19 increased by 22% to Rs 7.62 billion as compared to corresponding quarter last year on higher volumes.
The stock surged 11% to Rs 564 on the BSE after the real estate developer said it has reported strong 40% year on year growth in sales volume for the quarter ended March 2018.
The stock surged 14% to Rs 687, also its fresh 52-week high on BSE after real estate firm reported 92% jump in sales bookings to Rs 7.5 billion in Q3FY18.
In past three weeks, post Q2 results, the stock of realty company surged 32% as compared to 0.3% decline in Sensex.
Sobha said that the company achieved new sales value of Rs 593 crore in Q2FY18 was the highest in the past 10 quarters
The stock surged 9% to Rs 448, also its 52-week high on BSE in early morning trade.