Sobha Ltd Q1 FY24 consolidated net profit falls QoQ to Rs. 12.05 crores

Sobha Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 939.244 crores during the period ended June 30, 2023 as compared to Rs. 1240.145 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 12.054 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 48.575 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.27 for the period ended June 30, 2023 as compared to Rs. 5.13 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 939.244 crs	₹1240.145 crs	-24.26%
Net Profit	₹12.054 crs	₹48.575 crs	-75.18%
EPS	₹1.27	₹5.13	-75.24%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 939.244 crores during the period ended June 30, 2023 as compared to Rs.576.307 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.12.054 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.4.549 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.27 for the period ended June 30, 2023 as compared to Rs.0.47 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 939.244 crs	₹576.307 crs	62.98%
Net Profit	₹12.054 crs	₹4.549 crs	164.98%
EPS	₹1.27	₹0.47	170.21%

Shares of Sobha Limited was last trading in BSE at Rs. 602.05 as compared to the previous close of Rs. 594.75. The total number of shares traded during the day was 17353 in over 951 trades.

The stock hit an intraday high of Rs. 610.00 and intraday low of 591.60. The net turnover during the day was Rs. 10419472.00.

Source : Equity Bulls

Keywords

Sobha Q1FY24 ResultUpdate