Sobha Ltd’s net profit falls 76% at Rs 16 cr for Q2FY21

New Delhi: Bengaluru-based real estate player Sobha Ltd’s consolidated net profit fell 76 percent at Rs 16 crore for the second quarter of the current fiscal as compared to Rs 67 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing. 

Company’s total income fell to Rs 545 crore in the second quarter of the current financial year as compared to 803 crore in the same quarter of the previous fiscal. 

"The ongoing Pandemic and resultant crisis has opened up certain avenues on the operational front for the businesses like ours” said J C Sharma, Vice Chairman & MD, Sobha Ltd.

 

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