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Sobha declines on registering 29% fall in total sales value during Q3FY25
Jan-08-2025

Sobha is currently trading at Rs. 1463.10, down by 48.80 points or 3.23% from its previous closing of Rs. 1511.90 on the BSE.

The scrip opened at Rs. 1491.60 and has touched a high and low of Rs. 1504.05 and Rs. 1440.95 respectively. So far 13295 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2179.81 on 18-Jun-2024 and a 52 week low of Rs. 1176.01 on 18-Mar-2024.

Last one week high and low of the scrip stood at Rs. 1599.95 and Rs. 1440.95 respectively. The current market cap of the company is Rs. 15527.56 crore.

The promoters holding in the company stood at 52.77%, while Institutions and Non-Institutions held 34.36% and 12.87% respectively.

Sobha has reported 28.85% fall in total sales value to Rs 1388.60 crore in Q3FY25 as compared to Rs 1951.60 crore in Q3FY24. In Q2FY25, its total sales value stood at Rs 1178.50 crore. The average price realization stood at Rs 13,663/ square feet in Q3FY25 as compared to Rs 11,732/ square feet in Q3FY24.  

Location wise, Bangalore recorded sale value of Rs 10.01 billion with new sale area of 722,886 sft in Q3FY25, contributing 72.1% to total sale value, witnessing strong growth of 64.5% in value compared to Q2FY25, supported by the launch of SOBHA Ayana. Gurgaon sales have improved over last quarter, contributing to 10.3% of total sales. Pune gained good traction as one tower of SOBHA Nesara is close to completion, increasing customer confidence. Tamil Nadu region recorded sale value growth of 79.4% in the first 9 months period, due to new launches and good project progress. Kerala & Hyderabad’s performance was steady in the first nine months, given the inventory in these regions.

Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.


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