Real estate development company Sobha Limited posted a weak set of third quarter results where its net sales slipped 29 percent as compared to the last quarter and net profit stood at Rs Rs 32.60 crore versus Rs 37.30 crore in the same quarter last fiscal.
Speaking to CNBC-TV18, JC Sharma, VC and MD of Sobha said that the company saw an impact on operational performance due to demonetisation.
He further said that the pressure on volumes may continue for the next 1-2 quarters.For entire interview, watch accompanying video.
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