Sobha Ltd’s net profit nosedived 93% to Rs 6.6 cr for Q1FY21

New Delhi: Bengaluru-based Sobha Ltd’s consolidated net profit nosedived 93 percent to Rs 6.6 crore for the first quarter of the current fiscal as compared to Rs 90 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operation fell 70 percent to Rs 350 crore for the first quarter of the current fiscal as compared to Rs 1,176 crore in the corresponding quarter of the previous fiscal.

The consolidated total expenses of the company fell to Rs 353 crore for the first quarter of the current fiscal as compared to Rs 1,050 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

On standalone basi, the net profit of the comonay tanked 92 percent to Rs 7.3 crore for the first quarter of the current fiscal as compared to Rs 91 crore in the corresponding quarter of the previous fiscal.

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