Oberoi Realty Announces 72% Year-on-Year Rise in Q3 Net Profit to ₹618 Crore
Mumbai-based Oberoi Realty, a prominent real estate firm, has reported a significant 72% year-on-year increase in net profit to ₹618 crore for the quarter ended December (Q3FY25). The company also announced an interim dividend.
Real EstateNet ProfitQ3 ResultsOberoi RealtyInterim DividendReal Estate MumbaiJan 20, 2025
The company's net profit saw a substantial 72% year-on-year (YoY) rise, reaching ₹618 crore, compared to ₹360 crore in the same period last year.
This robust performance underscores the company's strong market position and effective business strategies.
Consolidated revenue from operations for the quarter stood at ₹1,411.08 crore, marking a significant improvement from ₹782.68 crore in the corresponding quarter of the previous year.
This growth is attributed to the successful completion and sales of several high-profile projects, as well as the company's strategic focus on premium segments of the real estate market.
Oberoi Realty, known for its commitment to quality and innovation, has also declared an interim dividend of ₹2 per share.
This move is expected to boost investor confidence and reward shareholders for their continued support.
The company's strong financial performance and dividend declaration are indicative of its stable financial health and growth potential.
Despite the ongoing economic challenges and market uncertainties, Oberoi Realty has managed to maintain a steady growth trajectory.
The company's strategic investment in key locations and its focus on customer satisfaction have been key drivers of its success.
Additionally, Oberoi Realty's strong financial discipline and prudent risk management practices have enabled it to navigate the volatile market conditions effectively.
Looking ahead, Oberoi Realty is poised for continued growth.
The company has a robust pipeline of projects under development, which are expected to contribute significantly to its revenue and profitability in the coming quarters.
The management is confident that the strong demand for quality residential and commercial properties, coupled with favorable government policies, will provide a conducive environment for sustained growth.
In a statement, the company's management expressed satisfaction with the Q3 results and highlighted the importance of maintaining a customer-centric approach.
'We are pleased with the strong financial performance in Q3FY25, which reflects our commitment to delivering high-quality projects and creating value for our stakeholders,' said the CEO of Oberoi Realty.
'We will continue to focus on innovation and excellence to meet the evolving needs of our customers and drive long-term sustainable growth.'
Oberoi Realty, established in 1996, is a leading real estate developer in India, with a presence in multiple cities across the country.
The company is known for its premium residential and commercial projects, which are designed to meet the highest standards of quality and sustainability.
With a strong track record of delivery and customer satisfaction, Oberoi Realty is well-positioned to capitalize on the growing demand for quality real estate in India.
Frequently Asked Questions
What is the net profit of Oberoi Realty for Q3FY25?
Oberoi Realty reported a net profit of ₹618 crore for the quarter ended December (Q3FY25).
How much did Oberoi Realty's consolidated revenue from operations stand at in Q3FY25?
Oberoi Realty's consolidated revenue from operations for Q3FY25 stood at ₹1,411.08 crore.
What is the percentage increase in Oberoi Realty's net profit compared to the same period last year?
Oberoi Realty's net profit increased by 72% year-on-year (YoY) in Q3FY25 compared to the same period last year.
What interim dividend has Oberoi Realty announced for Q3FY25?
Oberoi Realty has announced an interim dividend of ₹2 per share for Q3FY25.
What are the key factors contributing to Oberoi Realty's strong financial performance?
Oberoi Realty's strong financial performance is attributed to the successful completion and sales of several high-profile projects, a strategic focus on premium segments of the real estate market, and strong financial discipline and prudent risk management practices.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.