Oberoi Realty Q3 Results: Profit Jumps 72%, Third Interim Dividend Of Rs 2 Apiece
Oberoi Realty's revenue rose 34% year-on-year to Rs 1,411 crore in the third quarter.
The consolidated net profit of Oberoi Realty Ltd. jumped 72% year-on-year in the third quarter of the current financial year.
The real estate player's profit rose to Rs 618.4 crore in the quarter ended December, according to an exchange filing on Monday.
The company's revenue rose 34% to Rs 1,411 crore as compared to Rs 1,053.6 crore in the corresponding quarter of the previous fiscal. The consensus estimate of analysts tracked by Bloomberg stood at Rs 1,621 crore.
The board of directors declared a third interim dividend of Rs 2 per equity share for the current fiscal.
The company has fixed Jan. 24 as the record date for the purpose of payment of the interim dividend, which will be paid from Feb. 10.
Oberoi Realty Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 33.92% to Rs 1,411 crore versus Rs 1,053.6 crore
Ebitda up 68.1% to Rs 856 crore versus Rs 509 crore
Margin expands to 60.66% versus 48.33%
Net profit up 71.73% to Rs 618.4 crore versus Rs 360 crore
Key Operational Metrics In Q3
Area booked stood at 6.59 lakh sq ft versus 2.60 lakh sq ft.
Booking value up 143.79% at Rs 1,918.25 crore versus Rs 786.86 crore.
Collections up at Rs 1,394.96 crore versus Rs 891.53 crore.
Revenue recognised up 31.92% stood at Rs 1,096.61 crore versus Rs 831.24 crore.
The revenue growth was led by a 35% increase in the real-estate segment and a 9% growth in the hospitality business.
Shares of Oberoi Realty closed 0.68% higher as compared to a 0.59% increase in Sensex.
