Latest news with #Sobha
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Focus on these 2 realty stocks amid correction; charts hint upto 23% upside
Technical analysis shows that DLF and Sobha are relatively better-placed on charts compared to other realty stocks; here are the key levels to track on these 2 shares. Listen to This Article Following a strong sell-off on Monday, shares of real-estate (realty) companies were seen trading on a mixed note in Tuesday's trading session. The Nifty Realty index was up 1.7 per cent at 927 levels; while the NSE benchmark held a marginal gain of 15-odd points at 24,697 levels. Among individual realty stocks - Lodha (Macrotech Developers), DLF, Godrej Properties, Oberoi Realty and Prestige Estates rallied in the range of 1 - 3 per cent each; while Mahindra Lifespace, Raymond and Sobha declined around 1 - 2 per cent each. CATCH STOCK MARKET UPDATES TODAY
Time of India
3 days ago
- Business
- Time of India
Sobha Ltd shares in focus as Q1 PAT surges 123% YoY
Sobha Ltd is expected to be in the spotlight on Monday after the real estate developer reported a sharp 123% year-on-year (YoY) jump in profit after tax (PAT) for the first quarter of FY26. PAT rose to Rs 13 crore from the previous year's figure, while revenue for the quarter stood at Rs 901 crore, marking a 35% YoY increase. The company also achieved a significant milestone in its real estate operations by crossing the Rs 2,000 crore mark in quarterly sales for the first time. Sobha recorded its highest-ever quarterly sales value of Rs 2,079 crore, an 11% increase compared to the same period last year. Total collections during the quarter also rose 15% YoY to Rs 1,778 crore. Explore courses from Top Institutes in Please select course: Select a Course Category MCA Design Thinking MBA Digital Marketing Degree Product Management CXO Data Science Data Science PGDM Public Policy Operations Management Data Analytics Management Cybersecurity Finance Leadership Technology Project Management Others Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Rates Undo Sobha continued to maintain a strong balance sheet and improved its net debt position. As of the end of the quarter, the company reported a negative net debt of Rs 687 crore, translating to a Net Debt-to-Equity ratio of -0.15. Commenting on the performance, Jagadish Nangineni, Managing Director of Sobha Ltd, stated that the company achieved its highest-ever quarterly sales driven by robust demand across key cities. He highlighted the successful launch of the company's first project in Greater Noida as a pivotal milestone and credited Sobha's backwards-integrated delivery model for consistent performance and operational excellence. Nangineni reiterated the company's commitment to quality, reliability, and transparency, and emphasised ongoing investments in new opportunities, people, technology, and processes. From an operational standpoint, new area sold during the quarter stood at 1.44 million square feet, reflecting a 23% increase YoY. The company achieved an average price realisation of Rs 14,395 per square foot and launched a saleable area of 1.62 million square feet during the quarter. Live Events Also read: NSDL IPO: Issue opens on July 30, here's what you need to know about GMP, issue details Ahead of its Q1 results, Sobha Ltd shares closed 1% lower at Rs 1,612.65 on the BSE on Friday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
New Indian Express
5 days ago
- Entertainment
- New Indian Express
Sobha Vishwanath responds to Miss Kerala Europe backlash: 'I joined in good faith'
Entrepreneur, designer and former Bigg Boss contestant Sobha Vishwanath has addressed the mounting criticism surrounding her role as a judge at the British Malayali Miss Kerala Europe 2025 pageant, following a controversial question posed during the event. The question 'Do you prefer Manju Warrier or Kavya Madhavan?' sparked significant outrage online, with many accusing the judging panel of insensitivity. Sobha, who judged the event alongside popular television host Lakshmi Nakshathra, has since clarified that the question was drafted by the organisers and not by the judges themselves. 'This was clearly an attempt to stir controversy for publicity. They've metaphorically smeared soot on our faces,' Sobha said in her statement, distancing herself and Lakshmi from the content of the Q&A round.
Economic Times
5 days ago
- Business
- Economic Times
Sobha Ltd Q1 results: PAT zooms 123% YoY, revenue up by 35%
Sobha Ltd has reported a strong set of numbers for the first quarter of the financial year 2025–26, with its profit after tax (PAT) rising 123% year-on-year (YoY) to Rs 13 crore, while the revenue for the quarter stood at Rs 901 crore, marking a 35% year-on-year increase. ADVERTISEMENT The company also achieved a key milestone in its real estate performance, recording its highest-ever quarterly sales value of Rs 2,079 crore, an 11% year-on-year increase. This is the first time Sobha has crossed the Rs 2,000 crore sales mark in a single quarter. Total collections during the quarter stood at Rs 1,778 crore, representing a 15% YoY growth. The company continued to strengthen its balance sheet, reducing its net debt position. Net debt stood at a negative Rs 687 crore, resulting in a Net Debt-to-Equity ratio of -0.15 as of the end of the quarter. 'We achieved our highest-ever quarterly sales, fueled by robust demand across cities of our real estate operations. The successful launch of our first project in Greater Noida marks a pivotal milestone, reinforcing our brand's strength. Our unique backward integrated delivery model continues to drive consistent performance, supported by ongoing investments in operational excellence. With a strong balance sheet and a stable demand environment, we are well-positioned for sustained growth. We remain committed to delivering exceptional value to our customers through uncompromising quality, reliability, and transparency while investing in new opportunities, our people, technology and processes,' said Jagadish Nangineni, Managing Director of Sobha terms of operational performance, new area sold during the quarter was 1.44 million square feet, reflecting a 23% increase over the same period last year. The average price realization stood at Rs 14,395 per square foot, and the company launched a salable area of 1.62 million square feet during the quarter. Sobha Ltd shares closed 1% lower at Rs 1,612.65 on the BSE on Friday. ADVERTISEMENT Also read: IDFC First Bank Q1 Preview: PAT may fall up to 68% YoY amid NIM pressure. 6 things to watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Sobha Ltd Q1 results: PAT zooms 123% YoY, revenue up by 35%
Synopsis Sobha Limited has announced impressive first-quarter results. The company's profit after tax surged by 123%. Revenue also increased by 35%. Sobha achieved its highest-ever quarterly sales value, crossing Rs 2,000 crore. New area sold increased by 23%. The company's managing director, Jagadish Nangineni, expressed optimism about sustained growth due to a strong balance sheet and stable demand.
