Sobha Ltd's sales bookings jump 40% to Rs 683 cr in Q1FY22

New Delhi: Realty player Sobha Ltd's sales bookings jumped 40 percent to Rs 683 crore for the first quarter (Q1) of the current fiscal as compared to Rs 488 crore in the year-ago period.

"Achieved total sales volume of 895,539 square feet of super built-up area valued at Rs 6.83 billion," the company said in a regulatory filing.

In volume terms, the sales bookings increased to 8,95,539 square feet in Q1 of current fiscal from 6,50,400 square feet of the corresponding period of the previous year.

"We believe, with the increased vaccination drive and effective lockdowns, the second wave has been contained. Economic activities have started opening, and it is expected that normalcy will return in the second half of FY-2021-22.

"However, we cannot completely rule out uncertainties and likely impact caused by second wave of the pandemic. We are also unsure about how and when the third wave will strike and with what consequences," Sobha said.