Sobha Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- Sobha Ltd reported a 30.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 76.1%.
- Its expenses for the quarter were up by 32.1% QoQ and 77.3% YoY.
- The net profit decreased 16.9% QoQ and increased 43.8% YoY.
- The earnings per share (EPS) of Sobha Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1256.88 | 965.29 | 713.75 | 30.2% | 76.1% |
Total Expenses | 1227.41 | 929.06 | 692.39 | 32.1% | 77.3% |
Profit Before Tax | 29.46 | 36.23 | 21.37 | -18.7% | 37.9% |
Tax | 7.78 | 10.14 | 6.28 | -23.3% | 23.9% |
Profit After Tax | 21.68 | 26.09 | 15.08 | -16.9% | 43.8% |
Earnings Per Share | 2.10 | 2.60 | 1.60 | -19.2% | 31.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Sobha Ltd is a prominent player in the real estate and construction industry, primarily involved in residential and commercial projects. The company is known for its focus on providing high-quality real estate solutions, including luxury apartments, villas, and commercial spaces. Sobha Ltd operates mainly in India, with a strong presence in cities like Bangalore, Gurgaon, and Pune. The company has established a reputation for delivering projects with superior design and construction quality. As of the most recent data, no specific recent major developments regarding the company are available.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Sobha Ltd reported a total income of ₹1256.88 crores. This represents an increase of 30.2% from the previous quarter (Q2FY25), where the total income was ₹965.29 crores. On a year-over-year basis, the total income grew by 76.1% compared to the third quarter of the fiscal year 2024 (Q3FY24), which stood at ₹713.75 crores. This substantial growth in revenue highlights the company's ability to increase its income significantly over both the quarter and the year.
Profitability
During Q3FY25, Sobha Ltd's profit before tax was ₹29.46 crores, a decrease of 18.7% from Q2FY25, where it was ₹36.23 crores. However, compared to Q3FY24, this figure shows an increase of 37.9% from ₹21.37 crores. The company incurred a tax expense of ₹7.78 crores in Q3FY25, which decreased by 23.3% from ₹10.14 crores in Q2FY25 but increased by 23.9% from ₹6.28 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 was ₹21.68 crores, marking a decline of 16.9% from Q2FY25's ₹26.09 crores, but an increase of 43.8% from the ₹15.08 crores recorded in Q3FY24. The earnings per share for Q3FY25 were ₹2.10, down from ₹2.60 in Q2FY25, yet up from ₹1.60 in Q3FY24, reflecting a year-over-year increase of 31.3%.
Operating Metrics
Sobha Ltd's total expenses for Q3FY25 amounted to ₹1227.41 crores, up by 32.1% from ₹929.06 crores in Q2FY25 and by 77.3% from ₹692.39 crores in Q3FY24. The quarter-over-quarter increase in expenses aligns closely with the increase in total income, indicating a proportional rise in operating costs. Despite the rise in expenses, Sobha Ltd managed to maintain a positive profit margin, reflecting efficient cost management and operational effectiveness. The company's earnings per share, while experiencing a quarter-over-quarter decline, showcased a significant improvement on a year-over-year basis, highlighting its capacity to enhance shareholder value over the longer term.
