Sobha Ltd Q4 Results: Profit down by 86% to Rs 7 crore

Bengaluru-based Sobha Ltd is one of the leading real estate developers in the country.

During 2023-24, net profit declined to Rs 49.11 crore from Rs 104.20 crore in the preceding year. Total income fell to Rs 3,217.88 crore from Rs 3,402.43 crore in 2022-23. Source- Pexels

Realty firm Sobha Ltd on Friday reported 86 % decline in consolidated net profit to Rs 7.02 crore for the quarter ended March 2024 on lower income.

Its net profit stood at Rs 48.57 crore in the year-ago period.

Total income also fell to Rs 791.25 crore in the fourth quarter from Rs 1,240.14 crore in the corresponding period of the previous year, according to a regulatory filing.

During 2023-24, net profit declined to Rs 49.11 crore from Rs 104.20 crore in the preceding year. Total income fell to Rs 3,217.88 crore from Rs 3,402.43 crore in 2022-23.

Bengaluru-based Sobha Ltd is one of the leading real estate developers in the country.

It has a significant presence in South India.

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