Sobha Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,849.32 million compared to INR 8,681.63 million a year ago. Revenue was INR 7,137.48 million compared to INR 8,979.79 million a year ago. Net income was INR 150.82 million compared to INR 318.05 million a year ago. Basic earnings per share from continuing operations was INR 1.59 compared to INR 3.35 a year ago. Diluted earnings per share from continuing operations was INR 1.59 compared to INR 3.35 a year ago.
For the nine months, sales was INR 23,340.83 million compared to INR 21,001.62 million a year ago. Revenue was INR 24,266.32 million compared to INR 21,622.68 million a year ago. Net income was INR 420.82 million compared to INR 556.07 million a year ago. Basic earnings per share from continuing operations was INR 4.44 compared to INR 5.86 a year ago. Diluted earnings per share from continuing operations was INR 4.44 compared to INR 5.86 a year ago.