ICICI Securities Ltd | Retail Equity Research Sobha's Q4FY17 results were largely above our expectations on both the topline and bottomline fronts. On the operational front, sales volumes grew robustly by 17.9% sequentially to 0.72 million square feet (msf) showing signs of recovery post demonetisation Sobha's topline grew 5.9% YoY to | 583.9 crore (our estimate: | 506.0 crore) led by 21.1% growth in revenues from contractual and manufacturing division to | 216.6 crore (our estimate: | 155.8 crore)...