Sobha Developers Ltd. reported sales results for the third quarter and nine months ended December 31, 2012. For the quarter, sales value was INR 5,334 million against INR 4,483 million last year.

For the nine months, sales value was INR 15,402 million against INR 12,371 million last year.

The company had at the beginning of the fiscal set a guidance of new sales values at INR 20 billion comprising of 3.75 million square feet for fiscal 2013. Taking a cue from the current performance, the company is optimistic about the coming quarter and remains confident of achieving its guidance set for fiscal 2013.