Sobha Profit Skyrockets 124% on 60% Revenue Jump; Rs 6 Dividend Declared

REAL-ESTATE
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AuthorAbhay Singh|Published at:
Sobha Profit Skyrockets 124% on 60% Revenue Jump; Rs 6 Dividend Declared
Overview

Realty firm Sobha Ltd posted a robust fourth quarter with net profit soaring 124% to ₹92 crore from ₹41 crore a year earlier. Revenue climbed 60.2% to ₹1,908 crore. The company declared a ₹6 per equity share dividend for the financial year ending March 31, 2026.

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Soaring Profitability and Revenue

Sobha Ltd. announced consolidated net profit surged 124% to ₹92 crore in the fourth quarter, significantly outpacing the ₹41 crore recorded in the same period last year. This substantial growth was fueled by a 60.2% year-on-year revenue increase, which reached ₹1,908 crore.

EBITDA Growth and Margin Stability

Earnings before interest, tax, depreciation, and amortisation (EBITDA) also demonstrated strong performance, climbing 62% to ₹152 crore from ₹94 crore year-on-year. However, the EBITDA margin remained stable, holding steady at 8% compared to the previous year, indicating consistent operational efficiency amidst expansion.

Dividend Payout and Director Re-appointments

The company's board has recommended a dividend of ₹6 per equity share for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the board approved the re-appointment of Jagadish Nangineni as Managing Director for a five-year term starting April 1, 2027. Raman Mangalorkar was also approved for re-appointment as a Non-executive Independent Director for a similar term, pending shareholder consent.

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