Shares of Sobha Ltd. traded lower by nearly 4% on the NSE ahead of the company’s Q2 FY25 results announcement. As of 11:13 AM, the stock was down 3.46%, priced at ₹1,542.10.
Market expectations for Sobha’s Q2 performance are as follows:
- Revenue: Projected at ₹929 crore, up from ₹741 crore in the same quarter last year.
- EBITDA: Expected to rise to ₹111 crore, compared to ₹75 crore in Q2 FY24.
- EBITDA Margin: Forecasted at 11.94%, higher than the previous year’s 10.18%.
- Net Profit: Anticipated to reach ₹46 crore, a significant increase from ₹14 crore year-on-year.
The share price decline reflects cautious sentiment among investors as they await the company’s earnings report, particularly around profit growth and margin expansion.
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