Sobha shares jumped over 3% as the company announced its Q4 results. As of 10:09 AM, the shares were trading 3.56% higher at Rs 1,438.00.
The company’s net profit jumped to ₹40.8 crore, compared to ₹7 crore in the same quarter last year. Revenue for the quarter grew nearly 63% year-over-year to ₹1,240.6 crore from ₹762.8 crore.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 51.5% to ₹94 crore, up from ₹62 crore in the corresponding period last year. However, the EBITDA margin declined slightly to 7.57% from 8.13% year-over-year.
Sobha declared a dividend of ₹3 per equity share (30%), pending approval at the upcoming Annual General Meeting. The record date for the dividend is yet to be announced.
Sobha shares opened at ₹1,447.80, reaching a high of ₹1,479.90 and a low of ₹1,428.10 during the trading session. The stock remains well below its 52-week high of ₹2,161.21, indicating potential for growth. However, it is comfortably above its 52-week low of ₹1,075.30.
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