Sobha shares gain 9% on robust Q4 numbers, improved FY23 performance
Tue, May 30, 2023 10:00 AM

Sobha shares gain 9% on robust Q4 numbers, improved FY23 performance

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Sobha's share price rose more than 9% in early trade on May 30 as the company announced robust numbers for the quarter that ended March 2023. Driven by healthy topline growth Sobha has reported a massive 242% year-on-year growth in consolidated profit at Rs 48.6 crore for the March FY23 quarter despite a weak operating margin. Revenue from operations surged 70.3% to Rs 1,210 crore.

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