Sobha Posts Net Profit of Rs 48.60 Crore in Q4 FY23
Real Estate

Sobha Posts Net Profit of Rs 48.60 Crore in Q4 FY23

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.

See also:
Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23
BigBloc Construction's net profit dips in Q4 FY23


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. See also: Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23BigBloc Construction's net profit dips in Q4 FY23

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?