The company stated that cash flow management continues to be its focus area and has resulted in further net debt reduction.
Sobha Limited logged the highest-ever quarterly sales value of Rs1,164 crore, registering a 13% jump from Rs1,030.20 crore in Q2FY22.
Further, at Rs961 crore, Sobha’s proportion of sales value is the highest it has ever been, up 12.5% from Q2FY22.
The company also informed that the average price realization improved to Rs8,709 /sft, up by 14% from Q2FY22.
The company launched 3 new residential projects towards the end of the quarter concerned. Two projects are located in Bangalore and one in Thiruvananthapuram with a total saleable area of 880,893 sft.
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