Company Profile

Sobha has reported record sales bookings of Rs 3,137 crore during the 2020-21 financial year despite the COVID-19 pandemic. Its sales bookings stood at Rs 2,880.6 crore in FY20. Total sales value achieved during FY21 is the highest ever in the history of the company.

Despite of COVID-19 impact during Q1FY21, Gurugram, Kochi, Thrissur and Pune have surpassed their sales performance as compared to FY19-20. Excluding Bengaluru, other regions total contribution to overall sales volume and value is the highest in the history of the company. In the fourth quarter of FY21, sales bookings grew 54 percent to Rs 1,072 crore from Rs 694.5 crore in the previous year.

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.

Maruti Suzuki India’s total production in March 2021 increased significantly to 1,72,433 units over the same month last year. The company had produced a total of 92,540 units in the year-ago period. Passenger vehicle production stood at 1,25,724 units last month as compared to 69,854 units in March 2020. Production of mini cars comprising Alto and S-Presso models was 28,519 units last month as against 17,630 units a year ago.

Housing Development Finance Corporation (HDFC) has invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management (KIFML) representing 9.90 percent of its share capital issued on a private placement basis. The cost of acquisition is at par, that is at the face value of Rs 10 per share and the acquisition is expected to be completed in one month.

Jindal Steel and Power (JSPL) has reported a 34.41 percent rise in its output, and the sales grew 37.41 per cent during the quarter ended March 31. During the January-March period of 2020-21, the company produced 2.07 million tonne (MT) of steel, compared to 1.54 MT in the year-ago quarter. Its sales during the quarter rose to 1.91 MT from 1.39 MT a year ago. For the entire FY21, the company's output stood at 7.51 MT, up 19.20 per cent from 6.30 MT in the preceding fiscal. Its sales registered a 20.13 per cent rise to 7.28 MT as compared to 6.06 MT in FY20.

Bharti Airtel has partnered with health app Apollo 24/7 to offer a wide range of e-healthcare services to its customers as part of their exclusive Thanks benefits. Under the collaboration, Airtel Platinum and Gold customers will get complimentary membership to Apollo Circle.

Ashiana Housing sales bookings jumped more than two-fold to Rs 299.71 crore during the fourth quarter of last fiscal (FY21) as demand recovered. Its sales bookings stood at Rs 145.96 crore in the year-ago period. In volume terms, sales bookings rose sharply to 8.31 lakh sq ft in January-March quarter of last fiscal from 4.14 lakh sq ft in the corresponding period of the previous year.

JK Tyre and Industries has inked a supply agreement with JBM Auto. As per the pact, the tyre maker will supply its 'SMART' radial tyres for JBM Auto's Citylife (CNG) and Ecolife electric buses. JK Tyre and JBM Auto have joined hands with the objective of developing smart mobility solutions incorporating the latest technology that offers optimum durability and performance.

Sobha has reported record sales bookings of Rs 3,137 crore during the last fiscal year despite the COVID-19 pandemic. Its sales bookings stood at Rs 2,880.6 crore in the 2019-20 financial year. Total sales value achieved during FY20-21 is the highest ever in the history of the company.

Sobha is currently trading at Rs. 458.70, up by 28.75 points or 6.69% from its previous closing of Rs. 429.95 on the BSE.

The scrip opened at Rs. 454.00 and has touched a high and low of Rs. 465.00 and Rs. 454.00 respectively. So far 24228 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.30 on 21-Jan-2021 and a 52 week low of Rs. 162.40 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 465.00 and Rs. 421.00 respectively. The current market cap of the company is Rs. 4343.94 crore.

The promoters holding in the company stood at 51.99%, while Institutions and Non-Institutions held 29.30% and 18.71% respectively.

Sobha has reported record sales bookings of Rs 3,137 crore during the 2020-21 financial year despite the COVID-19 pandemic. Its sales bookings stood at Rs 2,880.6 crore in FY20. Total sales value achieved during FY21 is the highest ever in the history of the company.

Despite of COVID-19 impact during Q1FY21, Gurugram, Kochi, Thrissur and Pune have surpassed their sales performance as compared to FY19-20. Excluding Bengaluru, other regions total contribution to overall sales volume and value is the highest in the history of the company. In the fourth quarter of FY21, sales bookings grew 54 percent to Rs 1,072 crore from Rs 694.5 crore in the previous year.

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.

Sobha has informed that the Company has scheduled a Conference Call with the Analysts and Institutional Investors on Monday, the 15th day of February 2021 at 4.00 pm (IST) to brief the operational and financial performance of the Company for the quarter ended December 31, 2020. Take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

The above information is a part of company’s filings submitted to BSE.