Sobha Developers has reported results for first quarter ended June 30, 2014.
The company’s net profit for the quarter surged 6.83% at Rs 56.30 crore as compared to Rs 52.70 crore for the quarter ended June 30, 2013. Its total income has increased by 20.54% to Rs 575.70 crore for the quarter under review from Rs 477.60 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 13.77% rise in its net profit after taxes & Minority interest at Rs 57 crore for the quarter as compared to Rs 50.10 crore for the same quarter in the previous year. Total income has increased by 25.83% at Rs 582.60 crore for quarter under review as compared to Rs 463 crore for the quarter ended June 30, 2013.
