Sobha Ltd Q2 profit drops 55% to ₹33 crore
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- ✓Sobha Ltd reported a 55 per cent drop in consolidated net profit to ₹32.95 crore for the quarter ended September.
- ✓The firm said total income fell to ₹1,017.21 crore from ₹1,469.32 crore last year.
- ✓Managing Director Jagadish Nangineni said, "Our H1 FY27 performance, marked by record sales, reflects the continued trust."
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- India Economy
Realty firm Sobha Ltd on Monday reported a 55 per cent decline in its consolidated net profit to ₹32.95 crore for the quarter ended September, impacted by lower income.
Its net profit stood at ₹72.52 crore in the year-ago period.
Total income fell to ₹1,017.21 crore in the second quarter of the current fiscal from ₹1,469.32 crore in the corresponding period of the preceding financial year, according to a regulatory filing.
During the first six months of FY27, Sobha Ltd's net profit fell to ₹83.80 crore from ₹86.14 crore in the year-ago period.
Total income dropped marginally to ₹2,347.38 crore in the first six months of this fiscal from ₹2,370.73 crore in the corresponding period of the preceding financial year.
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