Sobha Fourth Quarter Profit More Than Doubles
Sobha reported a quarterly profit of 918.4 million rupees as revenue rose 60 percent. The company achieved record annual sales and declared a 6 rupee dividend.
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SOBHA LTD more than doubled its fourth-quarter profit to 918.4 million Indian rupees ($9.66 million) as premium apartment demand surged in India. Profit rose from 408.6 million rupees a year earlier, while revenue from operations climbed 60.2% to 19.88 billion rupees. The results highlight a resilient residential sector and stable home-buying environment despite global economic uncertainties.
