Sobha Developers Ltd Q2 net up 51.4%

Monday, October 29, 2007, 16:38 [IST]

New Delhi, Oct 29 (UNI) Bangalore-based Sobha Developers Ltd (SDL) today said it has posted a net profit of Rs 56.18 crore for the quarter ended September 30, an increase of 51.4 per cent, as compared to Rs 37.09 crore for the same period a year ago.

Total Income of the company increased by two per cent to Rs 333.01 crore for the quarter ended September 30, as against Rs 326.24 crore for the same period in 2006, a company statement said.

Sobha Developers Ltd recently entered in to a joint development agreement with QVC Realty Pvt Ltd and Chintels India Ltd to develop an integrated township spread over 192 acres in Gurgaon.

UNI

Topics: REAL ESTATE-SOBHA DEVELOPERS-RESULTS

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