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Entry Price

499.00

Target

525.00

Recommend Date

14-08-2019

Return

5.21 %
BUY

Date : 14-08-2019

Sobha’s topline grew strongly by 96.5% YoY to | 1,176.7 crore led by 135.0% YoY growth in revenues from the real estate division to | 845.2 crore. EBITDA margins expanded 190 bps YoY to 19.3%, broadly in-line with our estimate of 19.6%. PAT grew robustly by 72.2% YoY to | 90.6 crore (our estimate: | 53.0 crore) led by strong topline growth.