New Delhi, Feb 6 (PTI) Realty firm Sobha Ltd on Thursday reported a 44 per cent increase in its consolidated net profit to Rs 21.68 crore for the quarter ended December 31, 2024.

Its net profit stood at Rs 15.08 crore in the year-ago period.

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Total income increased to Rs 1,256.87 crore in the third quarter of this fiscal against Rs 713.74 crore in the corresponding period of the preceding year, according to a regulatory filing.

"Our financial and operational strength has significantly increased this year with the rights issue and improved visibility," Jagadish Nangineni, Managing Director of Sobha, said.

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"We embark on entering three new cities - Greater Noida, Hosur and Mumbai - in the next year, increasing our footprint to 15 cities in the country. This reaffirms our commitment to delivering high-quality homes to a broader customer base while maintaining financial prudence," he added.

With the real estate sector on a steady growth trajectory, Nangineni said the company is poised for significant momentum with upcoming project launches.

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