Sobha Developers Ltd. announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. On consolidated basis, for the quarter, the company reported net sales/income from operations of INR 4,288 million compared to INR 3,123 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,221 million compared to INR 2,097 million for the same period a year ago. Profit from ordinary activities before tax was INR 797 million compared to INR 736 million for the same period a year ago. Net profit was INR 526 million compared to INR 494 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 5.36 compared to INR 5.04 for the same period a year ago.

On consolidated basis, for the nine months, the company reported net sales/income from operations of INR 12,748 million compared to INR 8,834 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9,355 million compared to INR 6,370 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,209 million compared to INR 1,705 million for the same period a year ago. Net profit was INR 1,477 million compared to INR 1,093 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 15.06 compared to INR 11.15 for the same period a year ago.

On standalone basis, for the quarter, the company reported net sales/income from operations of INR 4,255 million compared to INR 3,005 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,103 million compared to INR 842 million for the same period a year ago. Profit from ordinary activities before tax was INR 767 million compared to INR 577 million for the same period a year ago. Net profit was INR 516 million compared to INR 401 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 5.26 compared to INR 4.09 for the same period a year ago.

On standalone basis, for the nine months, the company reported net sales/income from operations of INR 12,334 million compared to INR 9,128 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,043 million compared to INR 2,328 million for the same period a year ago. Profit from ordinary activities before tax was INR 2,014 million compared to INR 1,622 million for the same period a year ago. Net profit was INR 1,385 million compared to INR 1,119 million for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 14.12 compared to INR 11.41 for the same period a year ago.