Bengaluru-based realty firm Sobha Ltd on Monday reported a 264.3% year-on-year jump in net profit to ₹51 crore for the first quarter, compared with ₹14 crore in the corresponding period last year.Revenue from operations increased 50% to ₹1,278.1 crore from ₹851.9 crore a year ago.The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to ₹77.6 crore from ₹23.7 crore in the corresponding quarter last year.
Its EBITDA margin improved to 6.1% from 2.8% a year earlier.Separately, the company's board approved raising up to ₹1,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis in one or more tranches.The board has authorised the Investments and Borrowings Committee to determine and finalise the terms and conditions of the proposed fund raise.
Details including the listing, tenure, coupon, interest payment schedule and other terms will be disclosed in due course.Shares of Sobha Ltd ended at ₹1,455.35, down by ₹9.30, or 0.63%, on the BSE.
Bengaluru-based realty firm Sobha Ltd on Monday reported a 264.3% year-on-year jump in net profit to ₹51 crore for the first quarter, compared with ₹14 crore in the corresponding period last year.Revenue from operations increased 50% to ₹1,278.1 crore from ₹851.9 crore a year ago.The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to ₹77.6 crore from ₹23.7 crore in the corresponding quarter last year. Its EBITDA margin improved to 6.1% from 2.8% a year earlier.Separately, the company's board approved raising up to ₹1,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis in one or more tranches.The board has authorised the Investments and Borrowings Committee to determine and finalise the terms and conditions of the proposed fund raise. Details including the listing, tenure, coupon, interest payment schedule and other terms will be disclosed in due course.Shares of Sobha Ltd ended at ₹1,455.35, down by ₹9.30, or 0.63%, on the BSE.
