Sobha Town Park | Hosur Road | Brochure | Price | Reviews
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Sobha Town Park is an intangible residential project which rightly stands up to its name. It’s a new prelaunch housing venture by reputed groups of Sobha Limited offering 2, 3 BHK premium apartments skilfully designed with optimal utilization of available space , Sobha Town Park Location and Sobha Town park Price
Sobha Town Park | Hosur Road | Brochure | Price | Reviews
Sobha Town Park is an intangible residential project which rightly stands up to its name. It’s a new prelaunch housing venture by reputed groups of Sobha Limited offering 2, 3 BHK premium apartments skilfully designed with optimal utilization of available space , Sobha Town Park Location and Sobha Town park Price
India Ratings assigns IND AA rating to Sobha with stable outlook
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Ind-Ra expects Grade-A real estate players such as Sobha likely to see a 49% jump in floor space sold in FY22.
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BENGALURU: India Ratings and Research (Ind-Ra) has assigned Sobha Limited a long term issuer rating of ‘IND AA, with stable outlook.
The rating was based on strong performance shaped by the real estate firm. The consolidated net debt/net adjusted working capital was 0.64x at FY20 as compared to 0.64x in FY19. Ind-Ra expects the ratio to have improved to 0.59x at FYE21 and to further reduce to 0.52x FYE22 respectively, as the net debt continues to decline, it mentioned.
India Ratings assigns Sobha IND AA- /Stable equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Sobha Ltd - Record quarter for sales bookings - ICICI Securities
Posted On: 2021-04-06 02:27:56 (Time Zone: Arizona, USA)
As per Sobha s business update, the company has achieved its highest ever quarterly gross sales bookings in Q4FY21 at 1.34msf worth Rs10.7bn which is up 48% YoY in volume terms and 54% YoY in value terms. A strong QoQ uptick in Bengaluru and continued momentum in Kochi/Gurugram markets has enabled Sobha to cross pre-COVID sales bookings. For H2FY21, the company has achieved its guidance of achieving a YoY growth in sales bookings (up 25% YoY in volume and 38% YoY in value) and has ended FY21 with flattish gross sales volumes of 4.01msf worth Rs31.4bn (Sobha share at Rs24.8bn). We maintain our FY22/23E sales volume estimates of 4.7/5.0msf, respectively and retain our BUY rating with an unchanged SOTP based target price of Rs505/share. Key risks to our call are a slowdown in residential demand and rise in the company s debt levels.