About Sobha Limited

Sobha Limited (SL), formerly known as Sobha Developers Limited (SDL), is a significant real estate developer specializing in the development, sale, management, and operation of townships, housing developments, commercial properties, and other associated businesses. The company also engages in interiors glazing, metal works, and concrete materials manufacture, as well as providing backward integration to SL's turnkey projects. It operates in two segments: residential and commercial property building and development, and contractual projects.

Awards & Accolades

SOBHA Limited has been working for more than two decades to deliver international grade products in a timely and flawless manner. As a result, the BrandXReport 2018-19, annual research was done by Track2Realty, has named SOBHA the best brand in the Indian real estate market for the fifth consecutive year. SOBHA has been honoured with over 170 distinguished accolades by various institutions of distinction for its contribution to the Real Estate market, benchmark quality, client-focused attitude, sturdy engineering, and uncompromising business ethics.

Let's take a look at the company's recent accomplishments, despite the fact that it has garnered hundreds of accolades and recognitions.

• 18-March-2021

SOBHA meets environmental, occupational, Health & Safety standard requirements of ISO 14001:2015 & ISO 45001:2018

Institution: Bureau Veritas Certification

• 15-March-2021

Outstanding Performance in Best Safe Practices during the year 2020

Institution: Government of Karnataka, State Safety Institute 

• 13-March-2021

‘Titans of Real Estate’ for SOBHA City, Gurgaon-  Iconic Project with Best Amenities

Institution: Hindustan Times 

• 16-February-2021

Vajra-Certificate of Excellence from Kerala State Department of Labour and Skills for the year 2019

Institution: Government of Kerala, Department of Labour and Skills 

Market Info

The company Sobha Ltd. was founded in 1995. The current share price is 572.4. It currently has a market capitalization of Rs 5428.98 crore. The company reported gross sales of Rs. 37558.4 crores and a total income of Rs. 38304.87 crores in the most recent quarter. Vighneshwar G Bhat, Srivathsala KN, Sumeet Jagdish Puri, Anup Shah, R V S Rao, TP Seetharam, J C Sharma, and Ravi Pnc Menon are among the company's executives.

It is traded on the BSE under the code 532784, the NSE under the symbol SOBHA, and the ISIN is INE671H01015. ' Sobha ', Sarjapur - Marathahalli Outer Ring Road (O R R), Devarabisanahalli, Bellandur Post, Bengaluru-560103, Karnataka is the company's registered address. ACC Ltd is their Registrar. BSR & Co LLP, S Janardhan & Associates, SR Batliboi & Associates, SR Batliboi & Associates LLP are its auditors.

Financial Report

The company reported a Consolidated Total Income of Rs 588.90 Crore for the quarter ended 31-03-2021, down -15.42 percent from the previous quarter's Total Income of Rs 696.30 Crore and down -36.51 percent from the same quarter last year's Total Income of Rs 927.60 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 17.90 crore.

Revenue, Growth, and Sales

Volumes were up 48 percent year on year (YoY) at 1.34 million square feet (msf), with a value of Rs1,072 crore, up 54 percent.

The total sales value for FY21 was Rs3,137 crore, up 9% year on year and the highest ever. Bengaluru remained the company's most important market, accounting for 67 percent of total volume. It's worth noting that the sales volume in Bengaluru was the biggest it's ever been.

The company generated a total cash inflow of Rs3,077 crore in FY21, thanks to significant pre-sales in its residential division.

Sobha's total net profit fell 64.65% year on year to Rs17.90 crore in the March quarter.

The company's consolidated performance was hampered by poor contractual and manufacturing performance. This company's revenue in Q4FY21 was Rs264 crore, down 45 percent year over year. The March quarter of FY21 brought in Rs263 crore, which was 24% less than the same quarter last year.

In response to the earnings, shares of the company sank roughly 3% in early trading on Wednesday on the National Stock Exchange.

Meanwhile, the company's net debt was reduced by Rs123 crore to Rs2,852 crore, with a debt/equity ratio of 1.17 times. During FY21, it reduced its borrowing cost by 65 basis points, bringing it to 9.04 percent in March. One-tenth of a percentage point equals one basis point.

The estimated real estate cash flow at the project level in the next years, according to the company's management, is 7,896 crores from existing ongoing and finished projects. It goes on to say that completed unsold inventory is at 0.29 million square feet as of March 2021, which is among the lowest in the real estate industry.

Remaining Projects

Since its establishment in 1995, Sobha Developers has set a standard in the real estate business. They have offices in New Delhi, Chennai, Coimbatore, Mysore, Pune, and Bangalore. Since its inception, the company has strived for consistent quality, a customer-centric approach, in-house research, timeless values, solid engineering, uncompromising business values, and transparency in all domains, making it the country's favorite real estate brand. It has completed 107 real estate projects and 273 contractual projects, totalling approximately 77.92 million square feet of space.

• Sobha International City, Gurgaon 
• Sobha Smriti Apartments 
• Sobha City, Sec-108 & 109, Gurgaon
• International City Duplex Villa 
• Sobha International City Phase- 2
• Sobha International City Row House 

Future Projects 

Sobha Developers will present their latest project, Sobha Gateway of Dreams. Next to Sobha Dream Acres, this project is part of the Dream Series. Sobha Gateway of Dreams has 1800 residences and 80 percent open space on a 30-acre property tract. This property has a grand entrance of 2 acres and an 80-foot approach road, making it a fantastic place to live. This project's USP is enhanced by the presence of two clubhouses and a swimming pool.