SOB H A
November I 0, 20 1 7 To,
The Deputy Manager
Depa1t111ent of Corporate Services, BSE Limited
Floor 25, P .J Towers,
Dalal Street, Mumbai -400 00 I
Scrip Code: 532784PA S S IOI A l W OR K
The Manager
National Stock Exchange of Ind ia Lim ited Exchange Plaza, Plot No. C/1, G Block, Bandra Ku rla Complex, Bandra East, Mumbai -400 051
Scrip Code: SOBHA
Dear Sir I Madam,
Sub: Outcome of the Board Meeting held on November 10, 2017This is to inform that the Board of Directors of the Company at their meeting held today took on record the unaud ited financial results for the quarter and half year ended September 30, 20 17.
In this connection, please find enclosed herewith :
I. U naud ited Consolidated Financial Resu lts for the quaiter ended September 30, 20 17 along with the Limited Review Report i n terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 2015
Unaudited Standalone Financial Results for the quarter ended September 30, 20 17 along with the Lim ited Review Repo1t in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 2015
Presentation on the Operations and Financial Resu lts in terms of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements), Regu lations 20 15
Press Release, the Company intends to disseminate through media. The Board Meeting com menced at 2.30 PM and concluded at 4.50 PM.
Kind ly take the aforesa id information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 20 15.
Thank ing you. You rs sincerely,
FOR SOBHA LIMITED VIGHNESHW AR G BHAT COMPANY SECRETARY AND COMPLIANCE OFFICERI
SOBl-tA LIMITED (formerly SOBHA DEVELOPERS LTD.)
REGO & CORPORATE OFFICE :"SOBHA'. SARJAPUR .MARATHAHA LLI OUTER RING ROAD (ORR), DEVARABISANAHALLI. BELLANDUR POST BANGALORE .560 103. INDIA I CIN: L4520 1 KA l99SPLCO IB475 I TEL : +91-80-49320000 IFAX :+9 180 49320444 Iwww.sobh .com
B S R & Co. LLPCha rtered Accountants
Maruthi Info-Tech Centre 11-12/ 1 Inner Ring Road Koramangala
Bangalore 560 071 India
Telephone +91 80 7134 7000
Fax +91 80 7134 7999
Limited Review Report on quarterly and six months ended una udited consolidated financial results of Sobba Limited pursua nt to Regulation 33 of the SEBI (Listing Obligation s and Disclosure Requirements) Regu lations, 2015
To the Board of Directors of Sobba Limited
We have reviewed the accompanying statement of unaudited consolidated financial resu lts ('the Statement') of Sobha Limited ('the Company ') and its subsidiaries (collectively referred to as 'the Group') for the quarter and six months ended 30 September 20 17 attached herewith, being subm itted by the Company pursuant to the requi rement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requi rements) Regulations, 20 15.
This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors in their meeting held on 10 November 20 17. Our responsibil ity is to issue a repo1t on the Statement based on our review.
We conducted our review in accordance with Standard on Review Engagements (SRE) 24 10, "Review of Interim Financial Information Performed by the Independent Auditor of the Enti ty". A review of interim financial informat ion consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedure s. A review i s substantially less i n scope than an audit conducted in accordance with Standards on Auditi ng and consequently does not enable us to obtain assurance that we wou ld become aware of all significant matters that mi ght be identified in an audit. Accordi ngly, we do not express an audit opinion.
The unaudited consol idated financial results for the corresponding quarter and six months ended 30 September 2016 and the aud ited standalone financial results for the year ended 31 March 2017 included in the Statement, were reviewed and audited respectively by the predecessor auditor, whose limited review report dated 4 August 2017 and audit report dated 16 May 20 17 expressed an unmodified opinion on those unaud i ted and aud ited consol idated financial results respectively.
We did not review the financial i n formation of the subsidiari es included in the Statement. These subsidiaries i ncl uding step-down subsid iaries accounted for total assets of Rs 5,390.30 million and revenue from operations of Rs 456.75 m ill ion and Rs I , 134.39 million for the quarter and six months ended 30 September 20 17 respectively and, whose financial information have been reviewed by other auditors and whose reports have been furn ished to us by the Company's Management. Our conclusion on the Statement, in so far as it relates to such subsid iaries is based solely on reports of other auditors.
Based on our review conducted as above, nothing has come to our attention that causes us to bel ieve that the accompanying Statement, prepared in accordance with the applicable accounting standards, i.e., Ind AS prescri bed under section 133 of the Com panies Act, 2013 read with relevant rules issued thereunder and other recogn ised accounti ng pract ices and policies generally accepted i n Ind ia, has not d isclosed the information requi red to be disclosed i n terms of Regu lation 33 of the SEBI (Listi ng Obligations and Disclosure Requirements) Regulations, 20 15 and SEBl circular No. CIR/CFD/FAC/62/20 16 dated
5 July 20 16, includ ing the manner in which it is to be disclosed, or that it contains any ma terial misstatement.
B S R & Co. la partnership firm with Registration No. BA61223) convertedinto
B $ R & Co.LLPla Limited Liability Partnership with LLP Registration No.AAB-8181)
with effect from October 14, 2013
Registorod Office:
5th Floor, Lodha Excelus
Apolo Mills Compound
N MJoshi Marg. Mahalak.shmi Mumbai 400 011
B S R & Co. LLP
Limited Review Report (continued)
We draw attention to Note 6 of the Statement, which states that the Group is in the process of consulting relevant bod ies I com mittee dealing with clarifyi ng matters relati ng to Ind AS for presentation of revenues and corresponding costs for Joint Development Agreements. Our concl usion is not modified in respect of this matter.
for B S R & Co. LLP
Chartered Accountants
IC l Firm registration number: 101248W/W- 100022
Su reet Sachdev
Partner
Membership number: 205385
Bangalore
I O November 20 17
SODHA Lil'vnTED
Curporate Identity Numbe r(CIN) : U520 IKA 1995PLC018475
Rcgd. Office:·soBHA '.SarJapur -M:iralhaJrnlli Outer Ring Road (ORR ). DcYarabisanahalli, DcUandur Po!il, Bangalore ·560 103 Ph: t-9 1 809)20000 Fax: +91-8049320444 Emajl:invcstors@soblm .com
Website:www.sobha.com
St.atement of urmudltcd comolldatcd flnunclul re. uJt, for the quarter and six nxmtll5 ended on September JO, .?Ol7
Particulars | J months ended J0.09.20 17 [Unuudltcdl | Preceding ) months c:nded J0.06.20 17 (Unauc..li1.:d) | Corre,;;ponding J months ended J0.09.2016 [Unaudited] | Yeur to date {11,;ures for current period ended JlJ.09.20 17 [Unaudited I | Year to dale figures for previous period ended 30.09.2016 (Unamlilcd ) | Previous year ended 3 1.03.2017 [Auui1cuJ | |
10 | Revenue (a) Revenue from operations {b) Other income (c) Finance income Totul im.:nmc E: (a) Lind purchase cost (h) Cos1 of raw matcriuls aud components consumed
(:;) Employcc benefits expense (h) Deprecia tion and amortization
Proti1 beforl! exct:ptional item' a.nd iax ( I 2) Exceptional items Profit before la(3+-1) T:ix expense
Pront for the period (5-6) Share of proti.1 of jointly conrrollcd entity Net profit for the period after share of profit ofjo intly controlled c:nrit y (7-8) Other comprehensive income
| 6. 66 29 | 6.789 14 | 5.395 16 | lJ.255 H | 11.108 o | 2V 61 58 |
83 | 88 | 111 | 171 | 192 | 328 | ||
6.578 | 6,891 | 5.522 | lJ. 69 | 11.]40 | 22.847 | ||
IJI | 8 | 230 | 139 | 625 | 7. 130 | ||
596 | 633 | 424 | 1.229 | 811 | 1.980 | ||
1.555 | 1.601 | 1.048 | 3.156 | 2,193 | 5,..16:! | ||
118 | 188 | (263) | 306 | (98) | {7.HO) | ||
40 | o | 171 | |||||
U69 | 1.546 | 1.537 | 3,015 | 2.920 | 5.888 | ||
HS | HI | 52 | 986 | 915 | 1.779 | ||
137 | 135 | 154 | 272 | 308 | 638 | ||
513 | 449 | 379 | 962 | 736 | 1.497 | ||
854 | 1.072 | 949 | 1.926 | 1 ,776 | l.294 | ||
5.868 | 6.163 | .910 | 12.031 | 10.186 | 20.399 | ||
710 | 728 | 612 | 1,438 | 1.154 | 2.-148 | ||
710 | 728 | 6 12 | UJ8 | 1.154 | 2.-W | ||
122 193 (108 | 186 65 | 220, | JOB 258 IIOR | 462 | 961 | ||
207 | 251 | 261 | 458 | 62 | 970 | ||
503 | 77 | JS I | 980 | 692 | 1.478 | ||
33 | 51 | 129 | |||||
503 | 477 | 384 | 980 | 743 | 1.607 | ||
(1) | (7) | (8) | |||||
(1) | (7) | (8) | 746 | 1.608 | |||
LI | 502 | 470 | ]86 | 97Z | |||
12 | 963 | 963 | %3 | 91,J | 963 | 963 | |
IJ | 26.165 | 25.952 | 25.027.07 | 26.165 | 25.027 | 25A82 | |
I | |||||||
5.22 | 4.95 | 3.97 | 10.18 | 7.63 | 16.59 | ||
5.22 | 4.95 | 3.97 | 10.18 | 7.63 | 16.59 |
(f in milJion>
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Sobha Limited published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 12:13:04 UTC.
Original documenthttp://www.sobha.com/pdfs/Outcome-of-the-Board-Meeting_Sobha.pdf
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