Latest news with #JagadishNangineni
Business Standard
3 days ago
- Business
- Business Standard
Sobha gains after Q4 PAT soars 481% YoY to Rs 41 cr
Sobha jumped 3.58% to Rs 1,437.10 after the company's consolidated net profit surged 481.2% to Rs 40.86 crore on 62.6% increase in revenue from operations to Rs 1,240.62 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) soared 415.2% YoY to Rs 56.21 crore in the quarter ended 31st March 2025. EBITDA stood at Rs 124.2 crore in Q4 FY25, up 37% compared with Rs 90.5 crore posted in corresponding quarter last year. EBITDA margin reduced 9.8% in Q4 FY25 as against 11.4% in Q4 FY24. In Q4 FY25, total sales value rose 22% year-on-year to Rs 1,836 crore. Average price realization increased 5% YoY to Rs 11,781 per sq ft, while new sales area grew 16% YoY to 1.56 million sq ft in Q4 FY25. Collections for Q4 FY25 stood at Rs 1,785 crore, registering a growth of 7% YoY. For full year, the companys consolidated net profit net profit jumped 92.8% to Rs 94.69 crore on 30.4% increase in net sales to Rs 4,038.69 crore in FY25 over FY24. Jagadish Nangineni, managing director, Sobha said, Q4 FY25 reflected steady and encouraging progress for SOBHA, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows. The rights issue has further strengthened our financial position, enabling us 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. Our unwavering commitment to delivering high-quality homes remains our core focus. As we move forward, Sobhas dedication to excellence, innovation, and stakeholder trust will continue to guide our growth and reinforce our position in the sector. Meanwhile, the companys board recommended a dividend of Rs 3 per share for FY25, subject to the approval of the members in the forthcoming annual general meeting (AGM). Sobha is the leading national real estate brand in the country that offers international quality homes, and commercial and contractual projects delivered on time, through its backward integration model.
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Business Standard
3 days ago
- Business
- Business Standard
Sobha Q4 results: Net profit rises multi-fold to ₹40 cr, revenue up 62%
The company's revenue from operations rose by 62 per cent to ₹1,240.61 crore in the Q4FY25, it had reported ₹762.86 revenue in the corresponding quarter of FY24 Himanshu Thakur New Delhi Real estate company Sobha Limited's profit after tax (PAT) increased 481.7 per cent to ₹40.85 crore in the fourth quarter of financial year 2024-25, it had reported a PAT of ₹7.02 crore for the same quarter of previous financial year. The company's revenue from operations rose by 62 per cent to ₹1,240.61 crore in the Q4FY25, it had reported ₹762.86 revenue in the corresponding quarter of FY24. The company has proposed a dividend of ₹3 per equity share for the financial year ending March 31, 2025. This proposal is subject to shareholder approval at the upcoming Annual General Meeting. Jagadish Nangineni, Managing Director of Sobha, said, "The fourth quarter of 2024-25 reflected steady and encouraging progress for Sobha." The company reported a significant 93 per cent year-on-year (YoY) increase in Profit After Tax (PAT), rising from ₹49 crore in FY24 to ₹95 crore in FY25. Revenue for FY25 grew by 29 per cent YoY to ₹4,163 crore, compared to ₹3,218 crore in FY24, with Q4 FY25 revenue witnessing a robust 61 per cent YoY growth over Q4 FY24. Collections in Q4 FY25 stood at ₹1,785 crore, reflecting a 21 per cent quarter-on-quarter (QoQ) increase and a 7 per cent YoY growth, while total collections for FY25 reached ₹6,184 crore. Net debt was reduced substantially to ₹630 crore in the March quarter of FY25. "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. The company's quarterly sales value reached ₹1,836 crore, reflecting a 32 per cent quarter-on-quarter (QoQ) increase. The average price realization in FY25 rose by 23 per cent year-on-year (YoY) to ₹13,412 per sq. ft. During Q4 FY25, the total sold area amounted to 1.56 million sq. ft, marking a 53 per cent QoQ growth. The launched saleable area for FY25 increased by 25 per cent YoY, reaching 8.76 million sq. ft. However, total sales value for FY25 declined by 6 per cent YoY to ₹6,277 crore, compared to ₹6,644 crore in FY24.
Time of India
3 days ago
- Business
- Time of India
Sobha posts net profit of ₹40.85 crore in Q4 FY25
NEW DELHI: Sobha has reported net consolidated profit after tax of ₹40.85 crore during the quarter ended March 31, 2025. Its profit stood at ₹7.02 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹1,270.73 crore in Q4 FY25, a growth of 60.60 per cent from ₹791.25 crore it recorded in the similar quarter last year. Jagadish Nangineni , managing director of the company said, "The Rights Issue has further strengthened our financial position, enabling us to stay focused on execution and expansion. The current financial year looks promising, with a robust pipeline of project launches and our planned entry into new cities." The board of directors recommended a dividend of ₹3 (30%) per equity share for the financial year ended March 31, 2025. Revenue grew by 29% year-on-year to ₹41.63 billion in FY25 from ₹32.18 billion in FY24. Collections for Q4 FY25 stood at ₹17.85 billion, registering a 7% year-on-year increase. Total collections for FY25 reached ₹61.84 billion. Average price realization increased by 23% year-on-year, reaching ₹13,412 per sq ft in FY25.
Economic Times
4 days ago
- Business
- Economic Times
Sobha Q4 Results: Profit jumps nearly 6-fold to Rs 41 crore
Realty firm Sobha Ltd on Thursday reported a nearly six times jump in its consolidated net profit to Rs 40.85 crore in the March quarter on higher revenue. ADVERTISEMENT Its net profit stood at Rs 7.02 crore in the year-ago period. Total income rose to Rs 1,270.73 crore in the fourth quarter of the last fiscal from Rs 791.25 crore in the corresponding period of the preceding year, according to a regulatory filing. During 2024-25 fiscal, Bengaluru-based Sobha Ltd net profit surged to Rs 94.68 crore from Rs 49.11 crore in the preceding year. Total income increased to Rs 4,162.75 crore last fiscal from Rs 3,217.88 crore in the 2023-24 fiscal. Jagadish Nangineni, Managing Director of Sobha, said, "The fourth quarter of 2024-25 reflected steady and encouraging progress for Sobha, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows." ADVERTISEMENT The Rights Issue has further strengthened the company's financial position, enabling it to stay focused on execution and expansion, he added. "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. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
Sobha Q4 Results: Profit jumps nearly 6-fold to Rs 41 crore
Realty firm Sobha Ltd on Thursday reported a nearly six times jump in its consolidated net profit to Rs 40.85 crore in the March quarter on higher revenue . Its net profit stood at Rs 7.02 crore in the year-ago period. Total income rose to Rs 1,270.73 crore in the fourth quarter of the last fiscal from Rs 791.25 crore in the corresponding period of the preceding year, according to a regulatory filing. During 2024-25 fiscal, Bengaluru-based Sobha Ltd net profit surged to Rs 94.68 crore from Rs 49.11 crore in the preceding year. Total income increased to Rs 4,162.75 crore last fiscal from Rs 3,217.88 crore in the 2023-24 fiscal. Live Events Jagadish Nangineni, Managing Director of Sobha, said, "The fourth quarter of 2024-25 reflected steady and encouraging progress for Sobha, supported by strong sales, successful project launches, solid revenue growth, and healthy cash inflows." The Rights Issue has further strengthened the company's financial position, enabling it to stay focused on execution and expansion, he added. "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. ETMarkets WhatsApp channel )
