Sobha : Net profit surges 33 per cent
DSIJ Intelligence / 04 Aug 2017
Sobha Ltd. reported its results for the quarter ended June 30, 2017 today. Total sales for this quarter, Q1FY18, came in at Rs. 678.9 crore. This represents a 15.3 per cent sequential increase and 18.34 per cent YoY increase.
Sobha Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 678.9 crore. This represents a 15.3 per cent sequential increase and 18.34 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 108 crore and the EBIT margin stood at 15.91 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 47.7 crore which represents a sequential QoQ increase of 1.49 per cent and a YoY increase of 32.87 per cent.
The board of directors of the company have approved a buyback of equity share up to 1.45 million shares for an aggregate amount not more than Rs. 620 million. The company has set a buyback price at Rs. 425, which is almost 10 per cent premium to current market price of Rs. 388.
Sobha Ltd is engaged in the construction and development of residential and commercial projects. It also operates in contractual projects.
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.