Sobha Q2 profit jumps nearly 3-fold to Rs 48.3 cr
Its net profit stood at Rs 16.2 crore in the year-ago period.
Realty firm Sobha Ltd on Monday reported a nearly three-fold jump in its consolidated net profit at Rs 48.3 crore for the quarter ended September and announced plans to raise Rs 140 crore through the issue of debentures.
Its net profit stood at Rs 16.2 crore in the year-ago period.
WATCH | Click on Zee Business Live TV Streaming Below:
Total income also increased to Rs 832.3 crore in the second quarter of this fiscal year, from Rs 545.9 crore in the corresponding period a year ago, Sobha Ltd said in a regulatory filing.
The board has approved the issue of unlisted secured non-convertible redeemable debentures (NCDs) on a private placement basis. The size of the issue is Rs 140 crore in one or more tranches, the filing added.
Bengaluru-based Sobha Ltd is one of the leading real estate developers in the country.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
06:25 PM IST