Oberoi Realty Ltd. on Monday said its board of directors has declared a third interim dividend for fiscal 2025. The announcement came on the same day the company posted its financial results for the quarter ended Dec. 31, 2024.
The third interim dividend will be of "Rs 2 per equity share", which carry a face value of Rs 10 each, according to an exchange filing.
The company has fixed Jan. 24, 2025, as the record date for the interim dividend, while the payment for the same will start from Feb. 10, 2025, the filing added.
Meanwhile, Oberoi Realty's net profit surged 71.73% year-on-year in the third quarter of the current financial year 2025.
The real estate company's profit reached Rs 618.4 crore for the quarter ending December 2024 while its revenue grew by 33.92%, reaching Rs 1,411 crore, compared to Rs 1,053.6 crore in the same quarter of the previous fiscal year.
Shares of Oberoi Realty closed 0.7% higher at Rs 2,002.90 apiece on the National Stock Exchange, compared to a 0.61% rise in the benchmark Nifty 50. The share price has risen by 33.15% in the last 12 months.
Out of 27 analysts tracking the company, 11 maintain a 'buy' rating on the stock, 12 recommend 'hold' and four suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 3.4%.
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