Shobha Ltd.’s net profit fell 70 percent to rs 192 crore – Shobha Ltd.’s net profit fell 70 percent to rs 192 crore

New Delhi, 15 November (Language) Realty firm Shobha Limited’s consolidated net profit declined by 70 percent to Rs 19.2 crore in the July-September 2022 quarter.

The company said in a information given to the stock exchange on Tuesday that its net profit in the same quarter a year ago was Rs 63.1 crore.

The total income of Shobha Limited, which is one of the country’s leading real estate companies, also declined to Rs 690.6 crore in the second quarter of the current financial year. Its income in the same period last year was Rs 780.4 crore.

The company’s sales bookings grew 13 per cent to Rs 1,164.2 crore in the September quarter as against Rs 1,030.2 crore in the same quarter last year.