Sobha Shines On Robust Q1FY18 Sales Volume

Sobha achieved total new sales of 8,15,230 sq. feet valued at Rs 623.4 crore with an average price of Rs 7,647 per sq. feet in Q1FY18, without launching any new projects. Sobha's Share of the overall sales stood at Rs 562.7 crore with an average price of Rs. 6,903 per sq. feet.
The new volume and sales were up by 12.7% and 11.9%, respectively as compared to the previous quarter.

Thrissur and Cochin saw a jump of 290% and 240%, respectively with new sales volume standing at 13,191 sq. feet and 28,430, respectively as compared to previous quarter sales of 3,312 sq. feet and 8,200 sq. feet, respectively. Chennai and Calicut witnessed a drop of 50% and 57% in sales volume, respectively.

The company's new sales volume achieved is the highest in last nine quarters. The share price of Sobha was trading at Rs 400, up by 4.81% at 1140 hours.

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About Suhani Varma

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