New Delhi (Anish Yande): Shares of Sobha have increased by around 9 percent on Tuesday. The shares rose to Rs 464.60 on the stock exchanges. Sobha shares were trading at Rs 460, at an increase of 7 percent following the opening bell.
Sobha's share price reached an intraday high of Rs 468.95 per share and an intraday low of Rs 450.80 per share. The real estate firm recorded sales of 9,05,710 square feet in Q4FY20. Comparatively, the new sales of Sobha rose to 13,37,707 square feet in Q4FY21.
Sobha total recorded sales in Q4FY21:
In Q4FY21, the value of total sales was recorded at Rs 1,072 crore. The real estate developer recorded sales at Rs 694.5 crore in Q4FY20. The full-year sale is recorded at 40,71,704 square feet in FY20. Comparatively, the full-year sale of Sobha decreased to 40,13,381 square feet in FY21.
The Bengaluru-based real estate firm recorded a total sales volume of 13.37 lakh square feet of super built-up area. The total sales volume amounted to Rs 1,072 crore in the January-March quarter. Sobha recorded the highest ever sales volumes in Gurugram, Pune, Bengaluru, and Kochi.
In the commercial segment, Sobha launched new residential projects of 2.77 million square feet of super built-up area. The real estate firm developed 0.27 million square feet in the commercial segment.
Sobha sales volume at a rise compared to Q3FY21:
The sales volume of Sobha rose by 48 percent and the total sales value increased by 54 percent in Q4FY21 as compared to Q4FY20. In Q3FY21, the total sales value rose by 21 percent and sales volume rose by 18 percent as compared to sales in Q4FY21.
The total price realizations are up by 5 percent in Q4FY21 as compared to Q4FY20 and rose by 2 percent as compared to Q3FY21.
The contribution of regions such as Kochi, Thrissur, Gurugram, and Pune to the overall sales volume and value in FY21 is the highest recorded in Sobha's history.
The real estate firm has stated that it is achieved price realizations of Rs 8,014 per square feet in Q4FY21, which is the highest for eight previous quarters.
Image Credit: Google