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Sobha reports 22% rise in Q2 consolidated net profit

Sobha reports 22% rise in Q2 consolidated net profit

Sobha has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 28.76% in its net profit at Rs 57.30 crore for the quarter under review as compared to Rs 44.50 crore for the same quarter in the previous year. Total income of the company increased by 6.38% at Rs 658.30 crore for Q2FY19 as compared Rs 618.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 22.07% in its net profit at Rs 61.40 crore for the quarter under review as compared to Rs 50.30 crore for the same quarter in the previous year. Total consolidated income of the company increased by 2.80% at Rs 676.20 crore for Q2FY19 as compared Rs 657.80 crore for the corresponding quarter previous year.