Oberoi Realty reports earnings for Q3FY22, 9MFY22

Oberoi Realty Limited, headquartered in Mumbai, has announced its results for the third quarter of FY22 and nine months of FY22. The Company has recorded Consolidated Revenues of Rs. 846.19 crore for Q3FY22 as against Rs. 768.52 crore for Q2FY22 and Rs. 1,909.48 crore for 9MFY22 as against Rs. 1,289.71 crore for 9MFY21.

The Consolidated Profit Before Tax was Rs. 551.22 crore for Q3FY22 as against Rs. 361.94 crore for Q2FY22 and Rs. 1,022.78 crore for 9MFY22 as against Rs. 569.56 crore for 9MFY21.

The Consolidated Profit After Tax was Rs. 467.73 crore for Q3FY22 as against Rs. 266.55 crore for Q2FY22 and Rs. 815.08 crore for 9MFY22 as against Rs. 454.07 crore for 9MFY21.

Commenting on the Q3FY22 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, "The real estate sector has witnessed a very strong sales momentum in the last few quarters. This is primarily due to supply side consolidation and a shift in consumer preference towards established players. Historically low interest rates are also supporting a spur in the volumes. In the commercial segment, we see that the leasing activity is gradually picking up and with the pandemic easing out, the retail business is also set to make a comeback.

At Oberoi Realty, all our projects received an overwhelming response and continue to perform exceedingly well. We remain committed to create developments that cater to all the needs of the homebuyer across segments and offer them an enhanced, sustainable and healthy lifestyle."

Shares of Oberoi Realty Limited was last trading in BSE at Rs. 894.45 as compared to the previous close of Rs. 886.00. The total number of shares traded during the day was 32094 in over 2002 trades.

The stock hit an intraday high of Rs. 925.55 and intraday low of 890.10. The net turnover during the day was Rs. 29205761.00.

Source : Equity Bulls

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OberoiRealty INE093I01010 OBEROIRLTY RealEstate Q3FY22 9MFY22