Sobha Developers’ Q3 consolidated net rises 6%

01 Feb 2013

Sobha Developers has reported results for third quarter ended December 31, 2012.

The company has registered a rise of 28.68% in its net profit at Rs 5.16 crore in Q3FY13 as compared to Rs 4.01 crore in the corresponding quarter previous year. The total income of the company has increased by 40.86% to Rs 427.10 crore for the quarter under review as compared to Rs 303.20 crore in the same quarter last year.

The company, on consolidated basis, posted growth of 6.05% in its net profit at Rs 5.26 crore for the quarter as compared to Rs 4.94 crore for the same quarter in the previous year. Total income of the company increased by 37.40% at Rs 429.80 crore for quarter under review as compared to Rs 312.80 crore for the quarter ended December 31, 2011.

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