Sobha: Sales Bookings Cross Pre-Covid-19 Levels, Says ICICI Securities  
People play cricket near a residential housing complex in suburb of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sobha: Sales Bookings Cross Pre-Covid-19 Levels, Says ICICI Securities  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Sobha Ltd.’s Q3 FY21 gross sales volumes of 1.13 million square feet worth Rs 8.9 billion were up 6% YoY in volume terms and 22% YoY in value terms.

A strong QoQ uptick in Bengaluru and continued momentum in Kochi/Gurugram markets has enabled Sobha to cross pre-Covid-19 sales bookings in spite of minimal launches.

The company maintains its guidance of achieving a YoY growth in H2 FY21 sales bookings on the back of new launches and monetisation of existing inventory.

Click on the attachment to read the full report:

ICICI Securities Sobha Company Update.pdf

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