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    HomeNewsBusinessEarningsSobha Developers Q1 net seen up 28% at Rs 58cr: P Lilladher

    Sobha Developers Q1 net seen up 28% at Rs 58cr: P Lilladher

    Prabhudas Lilladher expects Sobha Developers to report a 17 percent degrowth quarter-on-quarter (rise of 28.4 percent year-on-year) in net profit at Rs 57.8 crore.

    August 07, 2013 / 18:21 IST
       
       
      26 Aug, 2025 12:21
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      Prabhudas Lilladher has come out with its first quarter (April-June) earnings estimates for the real estate sector. The brokerage house expects Sobha Developers to report a 17 percent degrowth quarter-on-quarter (rise of 28.4 percent year-on-year) in net profit at Rs 57.8 crore.


      Revenues are expected to decrease by 8.8 percent Q-o-Q (up 23.5 percent Y-o-Y) to Rs 535 crore, according to Prabhudas Lilladher.


      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 9.6 percent Q-o-Q (up 22.7 percent Y-o-Y) to Rs 147 crore.


      EBITDA margin or operating profit margin is likely to be at 27.5 percent in June quarter as against 27.7 percent in March quarter and 27.7 percent in a year ago period.


      Prabhudas Lilladher report on Sobha Developers


      On a sequential basis, we expect sales to be subdued, being a seasonally weak quarter. However, on a Y-o-Y basis, we expect the numbers to display growth. The company had one plotted launch in Bengaluru, 'Sobha Landscape' which is the second phase of the previously launched project, 'Sobha Canvas'. It has also commenced construction of its commercial property at St. Marks Road, Bengaluru.

      The 'Indraprastha' project, that was launched in Mar 2013, is also expected to contribute to sales in Q1.

      first published: Aug 7, 2013 06:21 pm

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