Q4FY21 Result Update - Oberoi Realty - ICICI Direct

Oberoi Realty's (ORL) Q4FY21 sales volume at 1.06 million sq feet (msf), was an all-time high, up a staggering ~7.3x YoY on a depressed base of Q4FY20 and strong 103% QoQ growth, driven by new launches. On the financials front, reported revenues grew 28.4% YoY to Rs. 790.1 crore. The reported growth was led by residential segment revenue recognition, which was at Rs. 682 crore, up ~41% YoY, owing to healthy sale of complete/near complete projects like Esquire, Enigma and Sky City that translated to high revenue recognition. EBITDA at Rs. 373.5 crore was only up 0.8% YoY as the base quarter had lower cost recognition. Reported EBITDA margins, thus were down ~13 percentage points YoY (up 110 bps QoQ) to 47.3%. Reported PAT was at Rs. 286.9 crore, (up 14.3% YoY), with growth being lower than topline owing to margins decline.

For details, click on the link below: Link to the report

Shares of OBEROI REALTY LTD. was last trading in BSE at Rs.551 as compared to the previous close of Rs. 526.5. The total number of shares traded during the day was 17765 in over 1079 trades.

The stock hit an intraday high of Rs. 555 and intraday low of 536.5. The net turnover during the day was Rs. 9650943.

Source : Equity Bulls

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