Real estate company Sobha Developers posted a net profit of Rs. 40 a fall of 18% during the quarter-ended December 2011 compared with the corresponding quarter of the last year.
Mr. J.C Sharma, MD, Sobha Developers said, “It has been an extremely good quarter in terms of operational performance. The response from Bangalore and NCR (National Capital Region) markets has been encouraging. Both our volumes and realisation are better and, at the same time, we are able to maintain our margins. The revenue & other benefits of this will accrue in the coming quarters. Our foray into the Chennai market.
Sobha Developers reported a revenue of Rs 311 crore for the third quarter-ended December 31, 2011, down by 4.9 per cent compared to second quarter of the current financial year.
The company in the third quarter of FY 2012 sold 8,18,395 square feet compared to 7,05,031 square feet in the corresponding period last year.
The average sales price realisation for the company has also improved to Rs. 5,475 per sq ft compared to Rs. 4,327 in the corresponding period last year.
The Sobha Developers completed 4 residential and 4 contractual projects measuring 14.7 lakh square feet during the quarter.
Mr. J.C Sharma, MD, Sobha Developers said, “It has been an extremely good quarter in terms of operational performance. The response from Bangalore and NCR (National Capital Region) markets has been encouraging. Both our volumes and realisation are better and, at the same time, we are able to maintain our margins. The revenue & other benefits of this will accrue in the coming quarters. Our foray into the Chennai market.
Sobha Developers reported a revenue of Rs 311 crore for the third quarter-ended December 31, 2011, down by 4.9 per cent compared to second quarter of the current financial year.
The company in the third quarter of FY 2012 sold 8,18,395 square feet compared to 7,05,031 square feet in the corresponding period last year.
The average sales price realisation for the company has also improved to Rs. 5,475 per sq ft compared to Rs. 4,327 in the corresponding period last year.
The Sobha Developers completed 4 residential and 4 contractual projects measuring 14.7 lakh square feet during the quarter.
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