Oberoi Realty announced Q1FY25 results: Revenue for Q1FY25 at Rs 1,441.95 crore as against Rs 933.56 crore for Q1FY24 and EBIDTA at Rs 815.05 crore for Q1FY25 as against Rs 473.73 crore for Q1FY24 Profit Before Tax (PBT) for Q1FY25 at Rs 775.03 crore as against Rs 426.22 crore for Q1FY24 Profit After Tax (PAT) for Q1FY25 at Rs 584.40 crore as against Rs 321.36 crore for Q1FY24 Commenting on the Q1FY25 results, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, “India continues to be the fastest growing major economy, effectively managing global challenges by leveraging its solid economic foundations and proactive policymaking for growth. The Indian real estate market has witnessed strong demand across various segments, solidifying its position as the preferred investment avenue. We are pleased to announce another successful quarter, driven by healthy demand in the luxury real estate market with homeowners constantly looking to elevate their lifestyles. Oberoi Realty will continue to stand true to providing customers with aesthetically designed luxurious homes and a sustainable lifestyle complete with world class amenities. We are gearing up for new project and tower launches, scaling up our annuity assets and strategic land acquisitions. We are committed to achieving sustainable growth, with a focus on creating lasting value for all our stakeholders.” Result PDF
Realty company Oberoi Realty announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue for Q4FY24 at Rs 1,558.56 crore as against Rs 1,082.85 for Q3FY24 and EBITDA at Rs 1,032.36 crore for Q4FY24 as against Rs 538.57 crore for Q3FY24. Profit Before Tax (PBT) for Q4FY24 at Rs 971.28 crore as against Rs 479.33 crore for Q3FY24. Profit After Tax (PAT) for Q4FY24 at Rs 787.71 crore as against Rs 360.02 crore for Q3FY24. FY24 Financial Highlights: Revenue for FY24 at Rs 4,818.77 crore as against Rs 4,293.20 crore for FY23 and EBITDA at Rs 2,732.85 crore for FY24 as against Rs 2,212.27 for FY23. Profit Before Tax (PBT) for FY24 at Rs 2,475.73 crore as against Rs 2,223.88 crore for FY23. Profit After Tax (PAT) for FY24 at Rs 1,925.17 crore as against Rs 1,903.93 crore for FY23. Result PDF
Conference Call with Oberoi Realty Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Oberoi Realty announced Q2FY24 & H1FY24 results: Q2FY24: Consolidated Revenue for Q2FY24 is Rs 1,243.80 crore as against Rs 933.56 crore for Q1FY24. Consolidated Profit Before Tax for Q2FY24 is Rs 598.89 crore as against Rs 426.22 crore for Q1FY24. Consolidated Profit After Tax for Q2FY24 is Rs 456.06 crore as against Rs 321.36 crore for Q1FY24. H1FY24: The Company has recorded Consolidated Revenue of Rs 2,177.36 crore for H1FY24 as against Rs 1,646.60 crore for H1FY23. Consolidated Profit Before Tax for H1FY24 is Rs 1,025.12 crore as against Rs 904.64 crore for H1FY23. Consolidated Profit After Tax is Rs 777.45 crore for H1FY24 as against Rs 722.01 crore for H1FY23 Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, stated, "India has sustained its growth momentum and emerged as the fastest-growing major economy in this fiscal year. Despite the headwinds from renewed geo-political tensions and sluggish global demand, India's macroeconomic outlook is optimistic and firmly bolstered by strong domestic fundamentals." We believe the real estate market will continue its upward trajectory through consistently surging demand for established brands, spacious apartments, and a desire for home ownership. We expect strong demand in retail, driven by the festive season and increased consumer confidence. As one of India's largest real estate brands, we are excited about our much-awaited foray into Thane as we launch our first residential project that follows the tenets of New Urbanism and offers aesthetically designed homes and a positive lifestyle upgrade." Result PDF