Sobha Q1 results: Net profit down by 93% at Rs. 6 crores

Sobha Q1 results: Net profit down by 93% at Rs. 6 crores

Sobha Q1 results: Net profit down by 93% at Rs. 6 crores

To begin with, the realty firm, Sobha posted its Q1 results on Friday. So then, the consolidated net profit of the firm dropped by 93% at Rs. 6.60 crores for the June 2020 quarter. Earlier, in the year-ago period, it stood at Rs. 90.60 crores. 

On the other hand, the total income dropped to Rs. 359.30 crores in the present quarter. Comparatively, in the previous year, it stood at Rs. 1,193.10 crores. 

Bengaluru-based Sobha firm is a leading real estate firm in the country. Also, the shares of the company traded at Rs. 224.30 on the Bombay Stock Exchange

August 7th Stock Market Details:

On August 7th, both the Sensex and the Nifty traded at a bearish trend in the stock market. The Sensex lost 61.87 points and reached 37,968.65 levels with a 0.12% loss. On the other side, the Nifty lost 10.60 points and reached 11,192.75 levels with a 0.066% loss.

In the border market, the S&P BSE Midcap index gained 124.94 points with a 0.89% profit and reached 14,142.02 levels. Also, the S&P BSE Smallcap index gained 122.39 points with a 0.90% profit and reached a 13,685.76 level.

Besides, as of August 9th, the number of confirmed COVID-19 cases across India has reached 21,53,010. Also, the number of deaths in the country has reached 43,379.

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