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The shares of real estate player Oberoi Realty may grab investor attention on Tuesday, April 29, after the firm reported a sharp 45% year-on-year (YoY) decline in its consolidated net profit for the March quarter at Rs 433.17 crore.This is compared to Rs 788.
03 crore in the same quarter last year.Further, the company’s revenue for the quarter also fell 12.5% to Rs 1,150 crore from Rs 1,315 crore in Q4FY24.
The company's EBITDA stood at Rs 618.07 crore, down 21.6% from Rs 788.
57 crore a year ago.The EBITDA margin contracted by 624 basis points to 53.7%, as against 60% in the corresponding quarter of the previous fiscal.
Oberoi Realty’s profit after tax (PAT) for FY25 stood at Rs 2,224.05 crore as against Rs 1,925.17 crore for FY24, while the revenue for FY25 was reported at Rs 5,474.
17 crore as against Rs 4,818.77 crore for FY24.“Indian economy continues to grow at a steady pace, the fastest amongst the major economies amidst global uncertainties.
Fueled by rising affluence and lifestyle aspirations, luxury real estate continues to witness sustained demand. At Oberoi Realty, we are pleased to report a quarter driven by steady sustenance residential sales and notable milestones across our verticals,” said Vikas Oberoi, CMD of Oberoi Realty.Also read: IndusInd may slip into red in Q4 on derivative lossesHe highlighted a strong interest in the Sky City Mall launch in Borivali, continued demand for their commercial spaces like Commerz III, and confidence in upcoming projects and business development opportunities to drive long-term value.
The shares of Oberoi Realty closed 2.8% higher at Rs 1,655.65 on the BSE on Monday.
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