Sobha has reported a 70 per cent fall in its consolidated net profit during the third quarter of the FY21. Its profit after tax (PAT) stood at Rs 21.6 crore for the quarter ended December as against Rs 73.2 crore it recorded in the corresponding quarter previous fiscal, the company said in a BSE filing.
The company’ net income was Rs 696.3 crore in Q3 FY21, a dip of 23% from Rs 901.2 crore it recorded in the similar quarter last year.
“Real estate cash inflow and net cash flow achieved during Q3-21 is the highest in the last 10 quarters. We have also achieved highest ever net operating cashflow of Rs 4.04 billion on 9 months rolling basis, during the last three years,” said J.C. Sharma, vice chairman and managing director, of the company.
