Sobha posts strong net profit in Q4FY17
DSIJ Intelligence / 16 May 2017
The company reported PAT of Rs 47 crore, which represents a sequential QoQ increase of 19.29 per cent and a YoY increase of 70.29 per cent.
Sobha posts strong net profit in Q4FY17
Sobha Ltd. reported its results for the quarter ended March 31, 2017, today.
The company's total sales for Q4FY17 came in at Rs 583.9 crore, which represents 8.63 per cent sequential increase and 5.93 per cent YoY increase.
During the quarter, Bangalore contributed 70 per cent to total sales volume.
Its operating profit (EBIT) for the quarter amounted to Rs 102.9 crore and its EBIT margin stood at 17.62 per cent.
The company reported PAT of Rs 47 crore, which represents a sequential QoQ increase of 19.29 per cent and a YoY increase of 70.29 per cent.
During FY2016-17, the company posted revenue of Rs. 2229 crore, up by 14.7 per cent YoY but EBITDA dropped by 3.6 per cent YoY to Rs. 285 crore. The company saw 16.4 per cent YoY growth in net profit to Rs 161 crore during the same period
The board of directors has recommended a dividend of Rs 2.5 per equity share of Rs 10 each FV.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.