ImportantGeneral Updates
Sobha Limited is now a zero-debt company with ₹630 Cr net cash, boosted by a ₹1,999 Cr oversubscribed rights issue.
Sobha LimitedSOBHA · Filed with the exchange
It reported record real estate sales of ₹6,277 Cr (Sobha's share ₹4,960 Cr) in FY24-25, driven by a 22.8% rise in premium segment price realization to ₹13,412/sq ft.
Operational cash inflows reached an all-time high of ₹6,184 Cr.
The company launched 8 new projects totaling 8.76 million sq ft.
Plans include aggressive expansion into Mumbai and Greater Noida next fiscal, with a 19.27 million sq ft development pipeline.
A ₹3 dividend per share was declared.
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