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SOBHA : Delivers Record Breaking Sales and Strong Operational Performance in FY-24

SOBHA : Delivers Record Breaking Sales and Strong Operational Performance in FY-24
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Jagadish nangineniPress releaseRecord breaking salesStrong operational performanceManaging director

Sobha Ltd profits decline by 86% y-o-y to ₹7 cr in Q4 - The Hindu BusinessLine

Sobha Ltd profits decline by 86% y-o-y to ₹7 cr in Q4 - The Hindu BusinessLine
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Jagadish nangineniVidushi nautiyalSobha ltdManaging director

Sobha: Going forward, we have Rs 12,000 crore of unrecognised revenue, which is coming at a much higher margin: Sobha MD

Sobha explains that the revenue and margin pressure is due to the completion of pre-Covid projects. The company expects an uptick in revenue and margin percentages as the pace of deliveries increases. The focus on cash flow management helps maintain positive net cash flow and a low net debt to equity ratio.

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SOBHA Limited: Sobha reports record-high sales and collection in Q3 FY24, driven by strong residential sector performance

Sobha, a real estate firm, reported record-high collection, realisation, and sales value in Q3 FY24, driven by a robust performance in the residential sector. Quarterly sales surged by 37.0% year-on-year to Rs 1952 crore, while total sales collection increased by 11.8% to Rs 1293 crore.

Jagadish nangineniManaging directorSobha limitedReal estate firm

Sobha reports Q3 PAT of ₹15 08 crore - The Hindu BusinessLine

Sobha reports Q3 PAT of ₹15 08 crore - The Hindu BusinessLine
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Sobha neopolisJagadish nangineniSobha ltdManaging director