Oberoi Realty announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Revenue for Q3FY23 at Rs 1,651.50 crore and 9MFY23 at Rs 3,298.10 crore Profit Before Tax (PBT) for Q3FY23 at Rs 928.58 crore and 9MFY23 at Rs 1,833.20 crore Profit After Tax (PAT) for Q3FY23 at Rs 701.77 crore and 9MFY23 at Rs 1,423.77 crore Consolidated Q3FY23 vs Q2FY23 & 9MFY23 vs 9MFY22: The profit before tax was Rs 928.58 crore for Q3FY23 as against Rs 387.86 crore for Q2FY23 and Rs 1,833.20 crore for 9MFY23 as against Rs 1,022.78 crore for 9MFY22. The profit after tax was Rs 701.77 crore for Q3FY23 as against Rs 318.53 crore for Q2FY23 and Rs 1,423.77 crore for 9MFY23 as against Rs 815.08 crore for 9MFY22. Commenting on the Q3FY23 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, “India continues to be one of the fastest growing economies in the world. The residential market continues to grow due to the increase in demand for larger homes due to incremental income and financial stability. Our newly launched Tower G in our project Sky City witnessed robust sales upon launch. We are happy to announce the recent acquisition of approx. 8.5 acres of land located at Pokhran Road, Thane, from Blue Star Limited. This would give us an additional saleable area of approx. 22.5 lakh sq. ft. in our existing Pokhran project. I am also pleased to announce Oberoi Realty’s successful conclusion of the acquisition of residential premises in the project ‘Three Sixty West’. With new project launches planned for the fourth quarter, we expect to end the year on a strong note as we continue to look out for future growth opportunities.” Result PDF
Oberoi Realty announced Q2FY23 results: Revenue for H1FY23 at Rs 1,646.60 crore and Q2FY23 at Rs 711.79 crore and EBITDA for H1FY23 is at Rs 847.51 crore and for Q2FY23 is at Rs 333.64 crore Profit Before Tax (PBT) for H1FY23 at Rs 904.64 crore and for Q2FY23 at Rs 387.86 crore Profit After Tax (PAT) for H1FY23 at Rs 722.01 crore and for Q2FY23 at Rs 318.53 crore Commenting on the Q2FY23 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, "India is a beacon of hope in an otherwise challenging global scenario. The real estate sector continues to outperform most sectors on account of the robust demand for homes from consumer sentiment towards home ownership and increased consumption activity. Our sales reflect the resilience of the Indian market and the customers' growing desire for larger and better apartments. We are seeing very good traction in the luxury residential segment. Alongside residential, our hospitality and retail businesses have also been witnessing overwhelming footfalls and consumption." Result PDF