Oberoi Realty Q4 Results: Profit Slumps 45%, Revenue Down 12.5%

The consolidated net profit of Oberoi Realty Ltd. declined 45% year-on-year in the fourth quarter of the current financial year.

The real estate player's bottom line slipped to Rs 433 crore in the quarter ended March, according to an exchange filing on Monday. This is compared to a profit of Rs 788 crore clocked in the year-ago quarter.

The company's revenue slumped 12.5% to Rs 1,150 crore as compared to Rs 1,314.7 crore in the corresponding quarter of the previous fiscal.

• Revenue down 12.5% to Rs 1,150 crore versus Rs 1,314.7 crore

• Ebitda down 21.6% to Rs 618 crore versus Rs 788.5 crore

• Margin contracts to 53.7% versus 60%

• Net profit declines 45% to Rs 433 crore versus Rs 788 crore

• The board has declared 4th interim dividend of Rs 2 per equity share

Before the quarterly results were declared, shares of Oberoi Realty closed 2.82% higher at Rs 1,655.65 as compared to a 127% increase in Sensex.

(This is a developing story)