Sobha Developers declines as its sales booking plunged 20% in Q1FY15

Sobha Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532784 | NSE: SOBHA

14 Jul 2014 Evaluate

Sobha Developers is currently trading at Rs 453.60, down by 11.55 points or 2.48% from its previous closing of Rs. 465.15 on the BSE.

The scrip opened at Rs 466.00 and has touched a high and low of Rs 466.00 and Rs 446.65 respectively. So far 11176 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 581.00 on 09-Jun-2014 and a 52 week low of Rs. 214.10 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 497.00 and Rs. 428.00 respectively. The current market cap of the company is Rs. 4424.64 crore.

The promoters holding in the company stood at 60.58% while Institutions and Non-Institutions held 35.87% and 3.54% respectively.

Realty firm Sobha Developers’ sales booking has declined 20% to Rs 482.2 crore during Q1 FY15 on account of lower volumes as well as realisations. The company’s sales bookings stood at Rs 602.8 crore in the same quarter of last fiscal.

On operational front, Bangalore-based company’s sales volume dropped to 754,000 sq ft during the April-June quarter of 2014-15 fiscal as against 920,000 sq ft in the corresponding period of 2013-14. The sales realisation also dropped to Rs 6,388 per sq ft from Rs 6,548 per sq ft during the period under review.

The company had not launched any new projects during the quarter and the new sales achieved during the quarter comprised of the projects launched in the previous quarters.

Sobha Developers has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur. It has completed 83 projects aggregating to 20.78 million sq ft of saleable area and is presently developing 43 projects with 17.4 million sq ft of saleable area.

Sobha Share Price

1426.05 -23.50 (-1.62%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	965.60
Dilip Buildcon	478.50
DLF	608.40
Oberoi Realty	1703.85
Ahluwalia Contract(I	847.50
View more..

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