Operating performance in line; gearing up for a strong FY25

21 May 2024
5 Min read 
  • Sobha's 4QFY24 results update and financials are discussed.
  •  Pre-sales declined for the first time in 11 quarters.
  •  Total collections were up 5% YoY to INR15b.
  •  The company launched four projects with a saleable area of 3.2msf.
  •  The company expects to launch 9msf projects in FY25.
  •  The valuation indicates an 18% upside potential.
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