SOBHA LIMITED: SCALING NEW HEIGHTS
Dalal Street Investment Journal|November 09, 2020
In spite of the imposed lockdowns due to the pandemic, no new launches, uncertain macro-economic outlook and tough real estate sector scenario, the company posted 37 per cent QoQ growth in sales volume and 41 per cent QoQ increase in total sales value during Q2FY21, thus indicating strong fundamentals
SOBHA LIMITED: SCALING NEW HEIGHTS

Sobha Limited is engaged in the construction and development of residential and commercial projects. The company is also involved in contractual projects. Its residential projects include luxury and super-luxury apartments, villas, row houses, plotted development and aspirational homes. Its main business divisions include Sobha Contracting and Sobha Manufacturing. Sobha Contracting provides end-to-end solutions starting from the conceptualisation of a project to its final satisfactory completion. Its services include civil, mechanical, electrical, plumbing, interiors, glazing, metal works and landscaping.

Sobha Manufacturing comprises interiors division, glazing and metal works division and concrete products division. The interiors division also manufactures spring mattresses, which are sold under the brand name Sobha Restoplus. The company is considered to be amongst the topmost entities in the real estate space in India and currently has a presence in 10 cities across six states. It is present in Bangalore, Gurugram (NCR), Chennai, Thrissur, Kochi, Calicut, Coimbatore, Pune, Mysore and Gujarat International Finance Tec-City.

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This story is from the November 09, 2020 edition of Dalal Street Investment Journal.

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This story is from the November 09, 2020 edition of Dalal Street Investment Journal.

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