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Home STOCKS Sobha Ltd.: Sobha Q4 benefits: Profit down 55% at Rs 50.7 crore

Sobha Ltd.: Sobha Q4 benefits: Profit down 55% at Rs 50.7 crore

NEW DELHI: Realty firm Sobha Ltd on Saturday noted a 55 per cent fall in its consolidated net profit at Rs 50.7 crore for the quarter finished March.
Its net profit stood at Rs 113.3 crore in the calendar year ago time period.
Total earnings dipped to Rs 927.6 crore in the fourth quarter of this fiscal from Rs 1,421.6 crore in the corresponding period of the earlier yr, in accordance to a regulatory filing.
Net profit dropped to Rs 28.15 crore in 2019-20 from Rs 29.71 crore in the 2018-19 financial calendar year.
Complete revenue, on the other hand, rose to Rs 3,825.7 crore in the 2019-20 fiscal from Rs 3,515.6 crore in the previous 12 months.

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