Sobha Developers’ Q4 profit flat

Consistent positive cash flow has helped Sobha Developers’ to maintain last year’s profit levels. It posted flat growth (1 per cent) in profits to ₹70.2 crore for Q4 of 2013-14 compared with ₹69.6 crore recorded in the same period last year. However, total income has also gone up 6.81 per cent to ₹626.7 crore (₹586.7 crore). EPS for Q4 stood at ₹7.16 compared with ₹7.10 last year. The board has recommended a dividend of ₹7 a share. For the whole year, profits were 8.19 per cent higher at ₹235 crore (₹217.2 crore). Total income up by 16.56 per cent at ₹2,173 crore (₹1,864.5 crore).