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Sobha Developers Ltd has reported a standalone profit of ₹58.1 crore for the quarter ended December 31, up 10.45 per cent from ₹52.6 crore reported in the corresponding quarter last year.
The realty company’s revenue rose 26.64 per cent during the quarter to ₹544.3 crore from ₹429.8 crore a year ago. Earnings per share of the company stood at ₹5.50 against ₹5.26 last year.
Commenting on the company’s performance, JC Sharma, Vice-Chairman and MD, said: “Despite the prevailing economic headwinds, the company’s unbilled revenue as of December 31, 2013 was ₹2,264 crore on the sales made so far, out of which we expect a minimum of ₹355 crore to be recognised in the last quarter (Q4) of FY 13-14.
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