ICICI Securities Ltd | Retail Equity Research Sobha reported a better financial performance in Q3FY17, which was better than our expectation on both topline & bottomline fronts. However, on the operational front, volumes fell 23.9% YoY to 0.61 mn sq ft (msf) impacted by demonetisation The topline grew 23.2% YoY to | 542.5 crore (our expectation: | 432.8 crore) led by 16.6% growth in real estate projects revenue to | 334.5 crore (our expectation: | 264.4 crore) and 34.4% YoY growth...