Sobha Posts Net Profit of Rs 48.60 Crore in Q4 FY23

30 May 2023 CW Team

Sobha, a leading real estate developer in India, has reported a net profit of Rs 48.60 crore in the fourth quarter of FY23. This is a growth of 242.25% from the corresponding quarter of the previous fiscal. The company's total income stood at Rs 12.4 billion in Q4 FY23, up 66.75% from Rs 7.43 billion in Q4 FY22.

The company's managing director, Jagadish Nangineni, said that the strong performance was due to a number of factors, including the continued demand for residential and commercial properties, the company's focus on new product development, and its strong financial position.

Sobha has a strong track record of profitability and growth. In FY23, the company reported a net profit of Rs 1.85 billion , up 35.85% from FY22. The company's total income stood at Rs 49.32 billion in FY23, up 29.91% from FY22.

Sobha is well-positioned for continued growth in the coming years. The company has a strong portfolio of projects in key markets across India. The company is also focused on expanding its presence in international markets.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..