The realty company in India, Sobha Ltd’s board of the directors have recommended the dividend of Rs. 2.50 per equity share of Rs. 10 each subject to the approval of the members, its meeting held on May 16, 2017.
The company has also reported the financial results for the Q4 FY17. On YoY basis, the net profit for the company has increased by 114% from Rs 24.5 Cr to Rs 46 Cr in Q4 FY17.
The EBITDA for the quarter stood at Rs 120.2 Cr up by 2% on YoY basis while the EBITDA margin stood at 20% as compared to 21% on YoY basis for the Q4FY17.
The investors are celebrating the good numbers of the company for Q4FY17 and they have started buying spree in the stock. The stock has touched its fresh 52-week high of Rs 450 per share up by Rs 38.65 per share or 9.39%.
As of 0934 hours on Wednesday, the stock has attracted traded volume of 7,17,087 shares and traded value stands at Rs 34.6 Cr.
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