Sobha Ltd Q2 PAT falls 75% on real estate woes

Sobha Ltd reported 33.41% fall in the Sep-20 quarter top line sales revenues at Rs522cr.

Nov 07, 2020 11:11 IST India Infoline News Service

Sobha Ltd reported 33.41% fall in the Sep-20 quarter top line sales revenues at Rs522cr. The realty business has been one of the worst impacted due to material, logistics and labour issues. Also, in the midst of this uncertainty, demand for housing has been tepid.


Profit after tax (PAT) for the Sep-20 quarter was down by 75.8% to Rs16.2cr. Sobha, which specializes in real estate projects in South India has managed to partially recover from the slump of the Jun-20 quarter, but numbers are still under tremendous pressure. The PAT margins for the quarter contracted sharply from 8.55% to 3.10% in Q2.


Financial highlights for Sep-20 compared yoy and sequentially


Sobha Ltd
Rs in Crore Sep-20 Sep-19 YOY Jun-20 QOQ
Revenues 522.00 783.90 -33.41% 350.00 49.14%
Profit After Tax (PAT) 16.20 67.00 -75.82% 6.60 145.45%
Diluted EPS (Rs) ₹ 1.71 ₹ 7.07 ₹ 0.70
PAT Margins 3.10% 8.55% 1.89%
 

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