Oberoi Realty - Q2FY21 Result - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"Oberoi Realty Ltd reported a better than expected sales number for Q2FY21. Area booked for the quarter is 1.30 lakhs sq-ft down by 6.61%% as compared to 1.39 lakhs sq-ft in Q2FY20 including Three Sixty West. Pre-sales for the quarter at ₹327.3 crores up by 1.4% as compared to 322.79 crores in Q2FY20. Consolidated revenue from operation at 316.06 crores in Q2FY21 down by 35.69% as compared to 491.95 crores in Q2FY20. Consolidated PAT stood at 137.74 crores in Q2FY21 down by 0.24% as compared to 138.07 crores in Q2FY20. Commercial office space occupancy has also come down from 91.3% in Q2FY20 to 79.1% in Q2FY21."

Shares of OBEROI REALTY LTD. was last trading in BSE at Rs.388.9 as compared to the previous close of Rs. 387.15. The total number of shares traded during the day was 6848 in over 462 trades.

The stock hit an intraday high of Rs. 390.6 and intraday low of 382. The net turnover during the day was Rs. 2649395.

Source : Equity Bulls

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