Introduction:
A realty stock reported a 73.3% YoY surge in Q2 FY25 net profit to ₹26 crore, with revenue rising 26% to ₹933.5 crore. Strong sales, higher price realisations, and strategic launches reflect its growth momentum across key markets.
Share Price movement of Sobha Ltd:
As of November 14, 2024, Sobha Ltd share price opened at ₹300.00 but declined sharply during intraday trading, reaching a low of ₹255.00 before closing at ₹275.25. The realty stock faced volatility despite robust quarterly performance, reflecting mixed investor sentiment.
Sobha Limited Q2 Results:
Sobha Ltd reported a 73.3% YoY surge in net profit to ₹26 crore for Q2 FY25, up from ₹15 crore in the same quarter last year. Revenue from operations rose 26% to ₹933.5 crore, driven by strong sales and improved price realisations.
The company’s EBITDA increased 2.3% to ₹77 crore in Q2 FY25, compared to ₹75.3 crore in Q2 FY24. However, the EBITDA margin contracted to 8.3% from 10.2% in the previous year’s quarter, reflecting higher operational costs during the period.
Sobha Ltd achieved real estate collections of ₹1,222.7 crore and reduced its net debt-to-equity ratio to 0.08. Quarterly sales reached ₹1,178 crore, with an average price realisation of ₹12,674 per square foot, a 24% YoY increase. The company sold 0.93 million square feet of new area.
Kerala contributed significantly to sales with 0.30 million square feet valued at ₹338.1 crore, marking its best quarterly performance. Sobha also launched 0.48 million square feet of saleable area in Bengaluru, showcasing its robust growth strategy in key markets. Shares of the Ltd stock ended at ₹1,533.95, down 0.75% on the BSE.
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Recent news About Sobha Ltd Limited:
In August 2024, Sobha Ltd experienced a ransomware attack that impacted its IT systems. The company promptly implemented measures to mitigate the incident, ensuring no significant disruption to operations. Technical teams worked diligently to restore systems, maintaining business continuity.
Stock performance of Sobha Ltd Limited for Period of 1 week, 6 months and 1 year:
Sobha Ltd has shown a mixed stock performance, with a 3.62% decline over the past week and a 13.9% drop in the last six months. However, it achieved a robust 76.8% growth over the past year, reflecting strong long-term investor confidence.
Shareholding pattern of Sobha Ltd Limited:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 52.77 | 52.28 | 52.28 |
| FII | 10.93 | 11.48 | 11.87 |
| DII | 23.44 | 18.6 | 17.55 |
| Retail & others | 12.87 | 17.65 | 18.28 |
About Sobha Ltd Limited:
Sobha Ltd is a leading real estate developer specialising in residential and commercial properties. Renowned for quality and innovation, the company operates across India, delivering premium housing projects, luxury apartments, and integrated townships, while expanding its footprint in key urban and emerging markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
