Sobha Limited posts consolidated PAT of Rs. 17.9 crores in Q4 FY2020-21

Sobha Limited has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.588.9 crores during the period ended March 31, 2021 as compared to Rs.696.3 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.17.9 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.21.6 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.89 for the period ended March 31, 2021 as compared to Rs.2.28 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 588.9 crs	₹ 696.3 crs	-15.42%
Net Profit	₹ 17.9 crs	₹ 21.6 crs	-17.13%
EPS	₹ 1.89	₹ 2.28	-17.11%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.588.9 crores during the period ended March 31, 2021 as compared to Rs.927.6 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.17.9 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.50.7 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.89 for the period ended March 31, 2021 as compared to Rs.5.35 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 588.9 crs	₹ 927.6 crs	-36.51%
Net Profit	₹ 17.9 crs	₹ 50.7 crs	-64.69%
EPS	₹ 1.89	₹ 5.35	-64.67%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2190.4 crores during the 12 months period ended March 31, 2021 as compared to Rs.3825.7 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.62.3 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.281.5 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.6.57 for the 12 months period ended March 31, 2021 as compared to Rs.29.69 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2190.4 crs	₹ 3825.7 crs	-42.75%
Net Profit	₹ 62.3 crs	₹ 281.5 crs	-77.87%
EPS	₹ 6.57	₹29.69	-77.87%

Speaking on the occasion, Mr. Ravi PNC Menon, Chairman, SOBHA Limited said, "Our improved sales numbers for FY 20-21 show our resilience and strong business fundamentals, even in a year affected by the pandemic. Although Bangalore was the biggest contributor, cities like Gurugram, Kochi, Thrissur and Pune were also able to improve their contribution to overall sales. SOBHA made significant progress in its debt reduction efforts due to stronger cash flows and a decline in interest rate on our borrowings in recent quarters. We have also been able to improve our average price realization over last several quarters.

The increase in overall sales combined with higher free cash flows will strengthen our capabilities to cater to the burgeoning Indian urban housing demand. In addition, our unique self-reliant business model enables us to utilize our resources optimally and ensures timely delivery of projects with unmatched quality. This consistent focus on quality has helped us in building a stronger brand and customer loyalty.

In line with our growth strategy, we have lined up new launches in the existing cities along with expansion to newer geographies, in the coming quarters. This will further improve our stance in India's realty landscape."

Shares of Sobha Limited was last trading in BSE at Rs.502.5 as compared to the previous close of Rs. 506.55. The total number of shares traded during the day was 31460 in over 1566 trades.

The stock hit an intraday high of Rs. 520 and intraday low of 497.5. The net turnover during the day was Rs. 16149531.

Source : Equity Bulls

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