Sobha Limited: Riding on Strong Underlying Demand
On the financial front, reported revenues were up 57% YoY at Rs 819 crore, driven by strong real estate revenues recognition (up 96% YoY at Rs 654...
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A Fat Theme | Organized Real Estate Developers in India - A Decadal Opportunity
Real Estate sector in India is undergoing rapid shift to Organized from Unorganized. This is leading to asset light development opportunities for...
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HSIE Results Daily: Petronet LNG , NHPC, Sobha
Sobha's (SDL) Q1FY22 was subdued with presales volume at 0.9msf (38%/-33% YoY/QoQ). Presales value declined by 36.3% QoQ to INR 6.8bn. Real estate...
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Sobha- 4QFY21 Result Update- Strong cash flows help in improving balance sheet
We were pleasantly surprised by the relatively strong operating cash flow in 4QFY21 despite a meagre 3% YoY increase in collections. Cash flow from...
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Macrotech (Lodha) Developers IPO - One Too Many Issues
Macrotech Developers (Lodha) aims to raise around US$345m in its India IPO. It is the largest real estate developer in India, by residential sales...
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