Oberoi Realty announced consolidated Q1FY24 results: Revenue for Q1FY24 at Rs 933.56 crore as against Rs 934.81 crore for Q1FY23 EBIDTA at Rs 497.32 crore for Q1FY24 as against Rs 513.87 crore for Q1FY23 Profit Before Tax (PBT) for Q1FY24 at Rs 426.22 crore as against Rs 516.78 crore for Q1FY23 Profit After Tax (PAT) for Q1FY24 at Rs 321.36 crore as against Rs 403.48 crore for Q1FY23 Commenting on the Q1FY24 results, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, “Despite international volatility, India’s economy continues to maintain its upward momentum on account of increased demand and infrastructure creation. All verticals in the real estate industry have also been a huge beneficiary of this economic growth, especially the demand for premium housing. On the back of this rising customer demand, coupled with the upcoming festive period, we are confident that the demand for quality housing by reputed brands having a proven track record will continue to sustain. With our calibrated and clear strategy to create long-term value for all our stakeholders, we continue to drive significant value to our portfolio across segments.” Result PDF
Oberoi Realty announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenue for Q4FY23 at Rs 995.11 crore as against Rs 842.94 for Q4FY22 and EBITDA at Rs 402.38 crore for Q4FY23 as against Rs 371.25 crore for Q4FY22. Profit Before Tax (PBT) for Q4FY23 at Rs 390.68 crore as against Rs 330.78 crore for Q4FY22. Profit After Tax (PAT) for Q4FY23 at Rs 480.16 crore as against Rs 232.78 crore for Q4FY22. Consolidated FY23: Revenue for FY23 at Rs 4,293.20 crore as against Rs 2,752.42 crore for FY22 and EBITDA at Rs 2,212.27 crore for FY23 as against Rs 1,239.79 for FY22. Profit Before Tax (PBT) for FY23 at Rs 2,223.88 crore as against Rs 1,353.58 crore for FY22 and Profit After Tax (PAT) for FY23 at Rs 1,903.93 crore as against Rs 1,047.87 crore for FY22. Commenting on the Q4FY23 results, Mr Vikas Oberoi, CMD, Oberoi Realty, said, “India’s influence as a major world power has been growing owing to its strong macro-economic fundamentals and rising status as the world’s fifth largest economy and with the country assuming G20 Presidency from December 2022. Despite global headwinds, the domestic tailwinds have given a huge boost to the residential sector. Demand for housing has continued to grow, driven by the aspiration of continued home ownership by end users. Industry consolidation has led to incremental market share gains for organised players. The retail segment is experiencing phenomenal footfalls and strong growth across consumption. We expect a sustained interest in Grade-A offices as occupiers and employees focus on the quality of space that they occupy. In the coming year, we look forward to the launch of new projects and entry into new markets, leading to enhanced value for our stakeholders.” Result PDF