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.
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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