New Delhi, May 5 -- Shares of Sobha Ltd rallied 9.5% on Monday after the real estate developer reported a strong set of numbers for the March quarter, led by higher income and improved operational performance. The company posted a consolidated net profit of Rs.91.83 crore, marking a sharp jump of around 124% compared to Rs.40.85 crore in the year-ago period.

Revenue for the quarter rose 60.2% year-on-year to Rs.1,908 crore from Rs.1,215 crore earlier, reflecting strong demand and execution across key markets. Operationally, EBITDA increased 62% to Rs.152 crore from Rs.94 crore a year ago, while EBITDA margin remained stable at 8% on a year-on-year basis.

The company also recommended a dividend of Rs.6 per equity share of face value Rs.1...