Sobha clocks sales volume of 1.34 million square feet in Q4FY22; stock trades flat

8 Apr 2022 , 03:22 PM

In its press release, Sobha Limited informed investors of the company’s achievements during the quarter and fiscal year ended March 2022.

The company has achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realization of Rs11.10 billion during Q4FY22. SOBHA recorded the highest-ever share of sales volume since its inception.

Due to consistent demand across all the product segments and price increases, the company was able to achieve the best ever price realization of Rs8,265 per square feet during Q4FY22. Gurugram region achieved the highest ever sales since the start of operations in the region during Q4FY22.

During the current fiscal year, it was able to achieve its best-ever sales volume of 4.91 million square feet and a sale value of Rs38.70 billion. It witnessed a 32% surge in sales value over the last financial year.

Total Sales volume and sales value were up by 22%, and 23% respectively as compared to FY-21.

Sale volume achieved by Bengaluru, Gurugram, GIFT City, and Pune regions during FY-22 have grown by 24%, 83%, 150%, and 77% respectively as compared to FY-21.

Sobha Ltd is currently trading at Rs708 down by Rs4.95 or 0.69% from its previous closing of Rs712.95 on the BSE. It touched intraday high and low of Rs744.85 and Rs705.25 respectively.