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Sobha Q2 Results: Profit Falls 22%, Misses Estimates

The company's revenue rose to Rs 741 crore, as against Rs 906 crore consensus estimate of analysts tracked by Bloomberg.

Saloni Kothari

Residential property at Gurugram developed by Sobha Ltd. (Source: Company website)

Bengaluru-based Sobha Ltd.'s net profit fell 22% for the second quarter of fiscal 2024, missing analysts' estimates.

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China’s Xi Offers Backing For Myanmar’s SCO Membership Bid

  • chevron-double-right China's President Jinping pledged support for Myanmar's full SCO membership during talks with Min Aung Hlaing
  • chevron-double-right They discussed opposing foreign interference and promoting Myanmar's stability and peace
  • chevron-double-right Key topics included trade, peace process, Belt and Road projects, and Myanmar Economic Corridor
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