Reality Company Oberoi Realty declares Q3FY22 result: Revenue for Q3FY22 at Rs 846.19 crore and 9MFY22 at Rs. 1,909.48 crore Profit Before Tax (PBT) for Q3FY22 at Rs 551.22 crore and 9MFY22 at Rs 1,022.78 crore Profit After Tax (PAT) for Q3FY22 at Rs 467.73 crore and 9MFY22 at Rs 815.08 crore 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”. Result PDF
HIGHLIGHTS Revenue for Q2FY22 at Rs. 768.52 crore and for H1FY22 at Rs. 1,063.29 crore and EBITDA for Q2FY22 is at Rs. 387.41 crore and for H1FY22 is at Rs. 522.80 crore Profit Before Tax (PBT) for Q2FY22 at Rs. 361.94 crore and for H1FY22 at Rs. 471.57 crore and Profit After Tax (PAT) for Q2FY22 at Rs. 266.55 crore and for H1FY22 at Rs. 347.36 crore Total area booked for Q2FY22 was 4.43 lakh sq. ft. and for H1FY22 was 5.35 lakh sq. ft. The Company has recorded Consolidated Revenue of Rs. 768.52 crore for Q2FY22 as against Rs. 294.77 crore for Q1FY22. Further the Consolidated Revenue for H1FY22 was Rs. 1,063.29 crore as against Rs. 452.14 crore for H1FY21. The Consolidated Profit Before Tax was Rs. 361.94 crore for Q2FY22 as against Rs. 109.63 crore for Q1FY22. Further the Consolidated Profit Before Tax for H1FY22 was Rs. 471.57 crore as against Rs. 208.59 crore for H1FY21. The Consolidated Profit After Tax was Rs. 266.55 crore for Q2FY22 as against Rs. 80.81 crore for Q1FY22. Further the Consolidated Profit After Tax for H1FY22 was Rs. 347.36 crore as against Rs. 167.65 crore for H1FY21. Commenting on the Q2FY22 results, Mr. Vikas Oberoi, Chairman and Managing Director, Oberoi Realty Limited said, “The administering of 1 billion Covid vaccine doses by the government is a milestone achievement. The vaccination progress, improved pandemic scenario in Maharashtra and historically low home loan rates have improved market sentiments and instilled confidence in the homebuyers. We are certain that there will be further consolidation amongst developers who can offer an aspirational lifestyle and have a proven track record of quality construction and delivery. All our projects have performed exceptionally well during the last quarter due to the increased awareness of home ownership and clear preference towards reputed and financially stable brands. We are certain that this sales momentum will continue. Oberoi Realty has always adapted seamlessly to the demands of the dynamic market and consumer behaviour, while continuing to create value for our stakeholders.” Result PDF