Sobha Limited reports 198% jump in net profit at Rs 48.30 cr in Q2

10 Nov 2021 CW Team

Real estate developer Sobha Limited has registered a 198% hike in its consolidated net profit for the quarter ended September 2021.

Its profit after tax (PAT) reached Rs 48.30 crore in Q2 FY22 compared to Rs 16.20 crore it registered in a similar quarter the preceding fiscal, the firm declared in a BSE filing. The firm's net consolidated total revenue reached Rs 832.30 crore in Q2 FY22, an increase of 52% from Rs 545.90 crore it listed in a similar quarter last year.

The board of directors authorised the issue of unregistered secured non-convertible redeemable debentures (NCDs) on a private placement basis. In the regulatory filing, it said that the size of the issue is Rs 140 crore in one or more tranches.

Sobha gained a total cash inflow of Rs 9.14 billion during Q2 FY22 surging by 33%, as against Q2 FY21. Its net debt dropped by Rs 0.39 billion during the quarter and reached Rs 27.78 billion despite dividend payment.

Debt equity reaches 1.13 as of September 30, 2021, it said in the regulatory filing. The borrowing cost has decreased during the quarter and reached 8.85 % as of September 30, 2021.

Vice-chairman and managing director of the firm, J C Sharma, told the media that the multiple interactions between the developers and the buyers have shifted to online platforms bringing in seamlessness in business transactions and efficiency of doing so.

This transformation has made the young Indian generation and NRIs the essential rising prospective home buyers. There is an urgent requirement for all credible developers to draw in the best methods towards making quality homes, delivering on time with clarity and authenticity. This responsible behaviour alone will guarantee long term sustainability to the sector with the enormous respectability that it deserves.

Image Source

Also read: Godrej Properties notes 18% jump in sales bookings in FY22

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..