Open an Account Become a Franchise Trade Now BA Connect Client Reactivation
Hot Pursuit
Prev Next
As on Aug 07, 2020 12:00 AM Your results on : Hot Pursuit    
Sobha records 93% drop in Q1 PAT to Rs 7 cr
07-Aug-2020 (16:36)

During the quarter, revenue from the real estate business stood at Rs 222.9 crore (down 73.6% YoY) while the revenues from the contractual and manufacturing business were at Rs 141.7 crore (down 60.7% YoY) in the June quarter.

Profit before tax in Q1 FY21 stood at Rs 5.4 crore, down by 96.2% from Rs 142.4 crore in Q1 FY20. Current tax expense increased 2.7% on a year-on-year (YoY) basis to Rs 11.3 crore in Q1 June 2020.

Sobha has achieved total sales volume of 0.65 million square feet valued at Rs 488 crore during Q1 FY21. Total average price realisation showed upward trend compared with Q1 FY20, amid good sales traction for luxury and super luxury projects across cities. The level of inquiries from customers are now almost back to pre-COVID levels.

The company said it achieved total cash inflow of Rs 547 crore during the quarter despite various operational challenges. During the quarter, the firm has generated net operational cash flow of Rs 93 crore and it continues to focus on efficient cash flow management. The company's average borrowing cost also came down during the quarter and stands at 9.64% as of 30 June 2020. Sobha said it continue to enjoy sufficient liquidity from banks/financial institutions at a much lower cost than industry average.

Speaking on the occasion, J.C. Sharma, vice chairman and managing director, Sobha, said, As we start FY-21 in the middle of an unprecedented pandemic, we are pleased to inform that we have posted a better than industry average sales performance. This was backed by increased use of digital platforms and technology in our sales and marketing efforts, along with already existing self reliant model of construction operations. Company was also able to use various augmented reality and virtual reality tools to enhance customer experience.

With more and more companies opting for work from home, inherent demand for better quality homes, low interest rates and other benefits extended by government, demand is likely to sustain in the coming quarters and organized players are expected to perform better.

Sobha is a real estate player primarily focused on residential and contractual projects. The company currently has ongoing real estate projects aggregating to 38.52 million square feet of developable area and 26.81 million square feet of saleable area, and ongoing contractual projects aggregating to 9.48 million square feet under various stages of construction. As on 30 June 2020, the company has delivered about 109.74 million square feet of developable area. The company has a real estate presence in 10 cities, viz. Bengaluru, Gurugram, Chennai, Pune, Coimbatore, Thrissur, Kozhikode, Kochi, Gujarat (Gift City) and Mysore. Overall, Sobha has footprint in 27 cities in 14 states across India.

The scrip shed 0.07% to Rs 221.40 on Friday. It traded in the range of 219.55 and 226.50 during the day.

Mahanagar Gas slips after weak Q1 performance
07-Aug-2020 (15:05)
Magma Fincorp Ltd leads losers in 'A' group
07-Aug-2020 (15:00)
AMJ Land Holdings Ltd leads losers in 'B' group
07-Aug-2020 (14:45)
Alembic Pharma raises 750 cr from QIP issue
07-Aug-2020 (14:40)
Volumes jump at JSW Energy Ltd counter
07-Aug-2020 (14:30)
M&M Q1 PAT slumps 97% to Rs 68 cr
07-Aug-2020 (13:59)
Healthcare stocks edge lower
07-Aug-2020 (14:00)
Information Technology stocks slip
07-Aug-2020 (14:00)
Consumer Durables shares fall
07-Aug-2020 (14:00)
KEI Inds Q1 PAT slides 21% to Rs 36 cr
07-Aug-2020 (13:25)
Bajaj Holdings & Investment Ltd soars 1.39%, Gains for third straight session
07-Aug-2020 (13:05)
GAIL (India) Ltd gains for third consecutive session
07-Aug-2020 (13:05)
Tata Motors Ltd soars 1.16%
07-Aug-2020 (13:05)
Bosch Ltd spurts around 3.50%
07-Aug-2020 (13:05)
IndusInd Bank Ltd up for third consecutive session
07-Aug-2020 (13:05)
Federal Bank Ltd spurts 2%, gains for third straight session
07-Aug-2020 (13:05)
Steel Authority of India Ltd stays in winning mode
07-Aug-2020 (13:00)
Hindustan Copper Ltd soars 0.95%, up for fifth straight session
07-Aug-2020 (13:00)
NMDC Ltd gains for fifth session
07-Aug-2020 (13:00)
Connect with us :   
Globe
About us
Our Services
Milestones
Memberships
Core Values
Investor Relations
Product & Services
Broking
Institutional Broking
PMS
Clearing Services
Distribution
Research
Depository
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Mobile App Demo
ODIN User Manual
Client Reactivation
EKYC
Back Office
Back Office
CMS
CMS-TM
KYC/KDC Status
Mutual Fund
CAMS
RMS Policy
Helpdesk
Download Forms
Useful Links
BSE
NSE
SEBI
RBI
MCX
NCDEX
Exchange Holidays
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD
Additional Policy and Procedures
Scores

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to
Investor_trading@globecapital.com /  igr@globecapital.com (For Trading)     globedp@globecapital.com (For DP)    Investor_pms@globecapital.com (For PMS)     
commigr@globecapital.com (For Commodities)
Equity SEBI Registration No INZ000177137, Exchange Registration Nos : NSE TM Code - 06637, Clearing No.- M50302|BSE Clearing No: 3179|MSEI TM Code - 1004 ,Clearing No.- 4| MCX TM No: 8091,Clearing No: 8090 | NCDEX TM No:1287, Clearing No: -M51085|ICEX TM ID-2084 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No :INH100001187 | SEBI PMS Registration No:INP000002361 CMBPID NCL CM :- IN555502
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by CMOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions