Sobha shares in focus after Q4 profit jumps nearly 6-fold to Rs 41 crore
Sobha shares: For FY 2024–25, the company reported a net profit of ₹94.68 crore, a significant increase from ₹49.11 crore in the previous fiscal year, while total income rose to ₹4,162.75 crore from ₹3,217.88 crore.
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Sobha share price outlook
Shares of real estate developer Sobha will be in focus on Friday after the company reported a nearly six-fold jump in consolidated net profit to Rs 40.85 crore for the quarter ended 31 March 2025, up from Rs 7.02 crore in the same period last year, driven by higher revenue.Total income rose to Rs 1,270.73 crore in Q4FY25, compared to Rs 791.25 crore a year earlier, according to a regulatory filing.For the full fiscal year 2024-25, net profit rose to Rs 94.68 crore, up from Rs 49.11 crore in FY24, while total income grew to Rs 4,162.75 crore from Rs 3,217.88 crore.Jagadish Nangineni, Managing Director of Sobha , said the fourth quarter reflected 'steady and encouraging progress' driven by strong sales, successful project launches, solid revenue growth, and healthy cash inflows.He added that the recent Rights Issue has further strengthened the company's financial position, allowing it to stay focused on execution and expansion. 'With the real estate sector continuing to perform well, we see strong potential in the year ahead. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities,' Nangineni said.Founded in 1995, Sobha has delivered over 143.65 million square feet of developable area across 27 Indian cities.According to Trendlyne, the average target price for Sobha is Rs 1,581, suggesting a potential upside of nearly 14% from current levels. Of the 17 analysts tracking the stock, the consensus rating is 'Buy'. Sobha shares have declined 17% over the past six months but are up 181% over the past two years. The company's current market capitalisation stands at Rs 14,834 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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