Sobha Ltd’s net profit tanks 56% to Rs 50.7 cr for Q4FY20

New Delhi: Bengaluru-based Sobha Ltd’s consolidated net profit tanked 56 percent to Rs 50.7 crore for the fourth quarter of the fiscal 2019-20 as compared of Rs 113 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 39 percent to Rs 910 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 1,397 crore in the corresponding quarter of the previous fiscal.

The total income of the company stood at Rs 928 crore and the EBITDA was Rs 184 crore for the fourth quarter of the 2019-20 fiscal. In the fourth quarter of the last fiscal, the company recorded sales volume of 0. 91 million sq ft worth Rs 695 crore. 

The company’s consolidated net profit dropped 6 percent to Rs 281 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 297 crore in the previous fiscal.

The company’s consolidated revenues from operations increased 9 percent to Rs 3,753 crore for the entire fiscal 2019-20 as compared to Rs 3,442 crore in the previous fiscal.

The EBITDA for the whole of the last focal stood at Rs 831 crore, registering an increase of 11 percent over the previous fiscal, the company said in a statement. 

The consolidated total expenses of the company declined to Rs 846 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 1,246 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 3,392 crore in the 2019-20 fiscal as compared to Rs 3,067 crore in the previous fiscal, the company said in a regulatory filing.

The company recommended a dividend of Rs 7 per equity share of Rs I0 each.

 The contractual and manufacturing arms of the company registered very good performance in the fiscal 2019-20 and achieved highest ever revenue of Rs 1,474 crore.

Sobha Ltd registered its highest ever sales volume of 4.07 million sq ft which is valued at Rs 2,881 crore in the fiscal 2019-20. The total cash inflow of the company stood at Rs 3,647 crore in the last fiscal. 

The realty player delivered around 5.86 million sq ft of developable space in the last fiscal.

The realty player has ongoing projects totaling about 39.36 million sq ft of developable space. It also has around 27.41 million sq ft of saleable area. The contractual arm of the company has projects totaling around 9.44 million sq ft.

menu
menu