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Sobha Limited
Sector:Real Estate Real Estate - Real Estate
Market Lot: 1Face Value: 10ISIN Demat: INE671H01015
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Business Profile
Sobha Developers (SOBDEVEL) is a real estate developer with income from residential and contractual projects. The company has 2,747 acres reserves (close to 70 per cent of it in Bangalore) and additional land arrangements, which are contractual, or on a joint development basis. The company was incorporated in Bangalore in 1995 by P.N.C. Menon who came to India with rich experience in fine interior decoration services.

The company is a core player in the residential space and has completed over 25 projects in Bangalore. It has several divisions. Set up in 1999, Sobha Interiors Division more than exemplifies Sobha`s thrust on backward integration. Other divisions are Sobha Glazing and Metal Works (SGM); Sobha Concrete Products; Sobha Projects and Trade Division; Sobha Renaissance Information Technology; S&T Group, Oman; Indeset, UAE; and Gulf International Construction & Interiors Company (GICI), Qatar. It has a unique backward integration model whereby it is able to deliver a project right from conceptualization to completion. The model includes an architectural and design studio, concrete block-making plant, metal and glazing factory, and other divisions.

The company reported rise of 63.80% in consolidated net profit on y-o-y basis to Rs 534.00 million, while total income rose 27.48% y-o-y basis to Rs 7.00 billion for the quarter ended December 2017.

Recent Developments
SOBHA, India's most trusted and admired real estate brand, marked its foray into Gujarat market. The company will make an investment of over Rs 5 billion towards residential development in Gujarat International Finance Tee-City (GIFT City), India's 1 st Operational Smart City and International Financial Services Centre (IFSC). With this, SOBHA will increase its residential footprint to 10 cities in India.

Sobha announced a small rise in consolidated net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 7.95% to Rs 394.00 million from Rs 365.00 million in the same quarter last year.

Sobha Developers, one of the largest real estate players in India, has launched one of its most distinctive projects, 'Sobha Dream Acres', the first of its kind under its new segment, 'Sobha Dream Series' at Balagere, Bengaluru.

During the quarter, the profit of the company rose 5.12% to Rs 595.00 million from Rs 566.00 million in the same quarter last year.

Sobha Developers announced that the board of directors, has approved the change in name of the company from ''Sobha Developers'' to ''Sobha''.

During the quarter, the profit of the company rose 0.86% to Rs 702.00 million from Rs 696.00 million in the same quarter previous year.

Sobha Developers, one of the largest real estate players in India, today reported a rise of 0.86% in consolidated net profit to Rs 702 million for the quarter ended Mar. 31, 2014 as compared to Rs 696 million in the same period last year.

Sobha Developers and Lakshmi Machine Works (LMW) have launched a unique residential project called elan at Parasakthi Nagar, Ganapathy, Coimbatore.

Future Plans
The company plans to expand its real estate business across 12 cities in India. They have plans to develop residential and commercial projects in Mysore, Mangalore, Hyderabad, Chennai, Pune, Cochin and Thrissur. In May it launched its first integrated township Sobha City in Kerala. This project is expected to be completed over a period of five years. The company has also forayed into retail development. They are building a global mall in Bangalore where people will be entertained while shopping. The shopping complex will have an amusement park, a 192-room plush hotel, convention center, multiplex and smart offices, and an olympic-size ice skating rink. It will also have a discotheque that will accommodate over 1,000 people, plus a variety of other special facilities. Two five-star hotels in Bangalore and a resort hotel in Cochin are also part of the plans.

In Brief

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