Sobha Q2 results show revenue drop, board clears related-party acquisition

Revenue DeclineEmphasis Of MatterRelated Party TransactionsResults View source PDF Explain this filing

SOBHA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹1178.00

prior close

₹1148.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-2.3%+3.6% vs market

Residential Commercial Projects peers, median of 65sector-2.6%+3.9% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Smallcap 250 and 3.9 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-1.7

15m

-1.4

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3-2.3+3.6-2.6+3.9

Next day

+1.4-3.3+4.8-3.2+4.7

-0.3-6.0+5.8-5.5+5.3

-2.8-5.0+2.2-5.3+2.5

-0.8-2.9+2.1-3.5+2.8

-1.9-2.6+0.6-3.3+1.4

-4.9pendingpending-4.1-0.8

15d

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UpDownMarket · Nifty Smallcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sobha Q2 standalone revenue fell to Rs 9,096.76 million from Rs 14,833.70 million a year ago. Standalone PAT was Rs 207.09 million versus Rs 1,037.66 million YoY. Consolidated Q2 revenue was Rs 9,670.64 million with PAT of Rs 329.59 million. Board also approved acquiring the fire and safety division of related party Sobha Projects and Trade on a slump sale basis. Auditor gave an unmodified review but flagged ED and Income Tax cases as emphasis of matter notes.

Likely market impact

Sharp revenue and profit drop may weigh on the stock. Related-party acquisition and pending Enforcement Directorate and Income Tax cases remain key risks to monitor.