Sobha Q2 sale bookings fall 32% to Rs 1,178.5 crore despite strong housing demand
In terms of volume, the sale bookings fell to 9,29,907 square feet during July- September 2024 from 16,86,196 square feet in the year-ago period.
Realty firm Sobha Ltd has posted a 32 per cent decline in its sale bookings to Rs 1,178.5 crore during July-September quarter despite strong housing demand.
In a regulatory filing on Monday, Bengaluru-based Sobha Ltd informed that its sale bookings stood at Rs 1,178.5 crore in the second quarter of this fiscal as against Rs 1,723.8 crore in the year-ago period.
"In Q2-FY25, we sold new area of 0.93 million square feet with sales value of Rs 11.79 billion at an average price realization of Rs 12,674 per square feet," the company said.
In terms of volume, the sale bookings fell to 9,29,907 square feet during July- September 2024 from 16,86,196 square feet in the year-ago period.
During the first six months of this fiscal, Sobha Ltd sold properties worth Rs 3,052.2 crore as against Rs 3,188.5 crore in the corresponding period of the preceding year.
The company sold 21,05,268 square feet in April-September period of this fiscal as against 30,80,313 square feet in the corresponding period of the preceding year.
In the entire 2023-24 fiscal year, Sobha sold properties worth Rs 6,644.1 crore.
Sobha is one of the leading real estate firms in the country. It has a significant presence in south India. It has projects in Delhi-NCR, Pune and Gujarat as well.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks to Buy for Long Term: 1 smallcap, 3 midcap, 4 largecap stocks analysts are betting on now; check out targets
Top 10 Large Cap Mutual Funds With Highest SIP Returns in 5 Years: Rs 12,500 monthly SIP in No. 1 fund has turned into Rs 19.11 lakh; what others have done
How many years will Rs 3,000, Rs 5,000, and Rs 7,000 monthly SIPs take to create Rs 2 crore corpus; understand it through calculation
Retirement Corpus Target Rs 4 Crore: What should be your monthly SIP investment to achieve it in 10 years, 20 years, and 30 years? See calculations
Latest SBI Senior Citizen FD Rates: What are expected returns on investments of Rs 6 lakh, Rs 11 lakh, Rs 16 lakh, or Rs 21 lakh in 1, 3 or 5-year fixed deposit schemes
EPF Interest Calculation: What will be retirement corpus on Rs 3,000, Rs 6,000, or Rs 9,000 monthly contribution for 25-year-old
SBI 5-year FD vs Physical Gold: Which investment has given higher return on Rs 5 lakh investment in 5 years; see calculations
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP in NO. 1 fund has grown to Rs 3.80 lakh; know how others have performed
Navratna PSU stock remains analysts' long-term favourite; brokerage's Rs 303 target implies 17% upside
04:49 PM IST