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Sobha Limited reported robust financial results for Q2 FY25, with a profit after tax (PAT) of INR 261 million, a 74% year-on-year increase and 3.3 times the previous quarter. Net revenue rose 25% year-on-year to INR 9,653 million, supported by strong real estate collections of INR 12,227 million. The company reduced its net debt-to-equity ratio to 0.08, showcasing financial discipline. Quarterly sales reached INR 11.78 billion, driven by 0.93 million square feet sold, with Kerala achieving record sales. Managing Director Jagadish Nangineni highlighted geographical diversification across 11 cities as a key growth factor. With a strong financial base and operational efficiency, Sobha is well-positioned for future expansion.
Sobha Limited reported robust financial results for Q2 FY25, with a profit after tax (PAT) of INR 261 million, a 74% year-on-year increase and 3.3 times the previous quarter. Net revenue rose 25% year-on-year to INR 9,653 million, supported by strong real estate collections of INR 12,227 million. The company reduced its net debt-to-equity ratio to 0.08, showcasing financial discipline. Quarterly sales reached INR 11.78 billion, driven by 0.93 million square feet sold, with Kerala achieving record sales. Managing Director Jagadish Nangineni highlighted geographical diversification across 11 cities as a key growth factor. With a strong financial base and operational efficiency, Sobha is well-positioned for future expansion. Advertisement
Sobha Limited has released its financial results for the second quarter of fiscal year 2025, showcasing impressive growth in both revenue and profits. The company reported a profit after tax (PAT) of INR 261 million, a significant increase of 3.3 times compared to the previous quarter and a 74% rise from the same period last year. This strong performance reflects the company's effective project completions and operational strategies.
Net revenue for the quarter reached INR 9,653 million, marking a 44% increase quarter-on-quarter and a 25% increase year-on-year. Real estate collections also saw a robust performance, amounting to INR 12,227 million. Sobha Limited has made notable strides in reducing its debt, with the net debt-to-equity ratio now standing at a low 0.08. This reduction in debt highlights the company's focus on maintaining financial health while pursuing growth opportunities.
The company reported a quarterly sales value of INR 11.78 billion, with an average price realisation of INR 12,674 per square foot, up 24% from the previous year. Sobha Limited sold a total of 0.93 million square feet across various regions during Q2-25. Notably, Kerala achieved record quarterly sales, contributing 0.30 million square feet valued at INR 3,381 million. Additionally, the company launched a saleable area of 0.48 million square feet in Bangalore, further expanding its presence in key markets.
Jagadish Nangineni, Managing Director of Sobha Limited, stated that the company's strong performance is a result of sustained demand in the residential real estate sector and the efforts of its dedicated team. He emphasised the importance of geographical diversification in the company's project portfolio, which now spans eleven cities. This strategy has allowed Sobha to effectively meet demand across various markets.
The company's recent rights issue has also strengthened its financial position, enabling it to capitalise on growth opportunities. Sobha Limited's commitment to delivering high-quality residential projects and construction services remains central to its business model, which integrates various aspects of the construction process. This backward integrated approach not only enhances quality but also improves efficiency in project delivery.
Looking ahead, Sobha Limited is well-positioned to continue its growth trajectory. The company's focus on quality and operational excellence, combined with its strong financial foundation, will likely support its expansion plans in the competitive real estate market. As demand for residential properties continues to rise, Sobha Limited aims to leverage its expertise and brand recognition to capture new opportunities and deliver value to its stakeholders.
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