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Sobha reports 22% rise in sales value during Q3FY23

06 Jan 2023 Evaluate

Sobha has achieved highest ever quarterly sales value of Rs 1424.70 crore in Q3FY23 as compared to Rs 1164.20 crore in Q2FY23 i.e. up by 22.38%. In Q3FY22, the company had achieved sales value of Rs 1047.50 crore. The company’s share of sales value stood at Rs 1111.20 crore in Q3FY23 as compared to Rs 908.20 crore in Q3FY22. Average Price realization improved to Rs 9,650 /sft in Q3FY23, increased by 10.8% from Q2FY23 and 21.9% from Q3FY22.

Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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