Today, on April 6, the shares of real estate company Shobha have gained 7% in intraday. Let us know that the company has recorded sales in the fourth quarter of fiscal year 2021. During the same period, the company’s sales have increased to 13,37,707 sq ft from 9,05,710 sq ft in the previous year.
The company’s sales in the fourth quarter of fiscal year 2021 have been at historic lows. It has seen so much sales in any one quarter so far. On all parameters, the fourth quarter of the fiscal year 2021, the company has made several achievements. The secret of its success for the company is that important reasons are included such as timely project locking, digital marketing, better utilization of in-house capabilities.
Efforts to expand the company’s business in different parts of the country are now being seen. The market share of the company has increased in the cities where the company has stepped up.
The company said in an official statement that we are happy to state that the fourth quarter of fiscal year 2021 has been the most spectacular quarter so far in the company’s history. It has been further stated in this statement that the second wave of corona and its impact has not been assessed yet. Similarly, the cost escalation is yet to be reviewed. But due to its unique way of self-reliant business model, the company will be seen progressing by tackling all the challenges in the future.
The company’s total sales in the fourth quarter of fiscal year 2021 increased to Rs 1072 crore from Rs 694.5 crore in the same period last year. But if we look at the sales for the whole year, then it has seen Girwat on an annual basis. The company sold 40,71,704 sq ft in 2021 throughout fiscal year. Whereas in fiscal year 2021, the company’s sales stood at 4013381 sq ft.
If compared to fiscal year 2019-20, there is 9% more value added sales in fiscal year 2020-21. While the average price realization has been 10% higher on an annual basis over the same period. The company’s gross sales volume in fiscal year 2021 has been 1.3 million sq ft, showing a 48 per cent growth year-on-year basis. This increase in sales has contributed to the strong demand from the markets of Bengaluru, Kochi, Gurgaon.
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