Oberoi Realty Q2FY25 Results: Net Profit Surges 29% to Rs 589 Crore
Segment-wise, the company's real estate business generated revenue of Rs 1276.14 crore, almost 94 per cent of its total revenue.
Real EstateNet ProfitOberoi RealtyQ2fy25Financial ResultsReal EstateOct 19, 2024
on Oberoi RealtyOberoi Realty is a prominent real estate developer known for its high-quality residential and commercial projects across major cities in India. Founded in 2002, the company has established itself as a trusted brand in the industry. With a focus on premium and luxury segments, Oberoi Realty has successfully delivered several landmark projects that cater to the needs of discerning customers. The company's commitment to quality, innovation, and customer satisfaction has been a key driver of its success.
Q2FY25 HighlightsThe company's strong performance in Q2FY25 is underpinned by several key highlights - Net Profit The net profit surged by 29% to Rs 589 crore, compared to Rs 456 crore in the same quarter last year.- Revenue Total revenue for the quarter stood at Rs 1362.44 crore, a notable increase from Rs 1065.74 crore in the previous year.- Real Estate Revenue The real estate segment, which is the company's core business, generated revenue of Rs 1276.14 crore, accounting for almost 94% of the total revenue.- EBITDA The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter was Rs 762.22 crore, representing a significant improvement.
Factors Driving GrowthSeveral factors have contributed to Oberoi Realty's impressive performance in Q2FY25 - Strong Market Demand The real estate market has shown resilience and strong demand, particularly in the premium and luxury segments. This is evident from the robust sales and positive response to Oberoi Realty's projects.- Strategic Projects The company has been successful in launching and executing strategic projects that align with market needs and customer preferences. These projects have received high praise and have been well-received in the market.- Financial Discipline Oberoi Realty's disciplined approach to financial management has played a crucial role in maintaining profitability and cash flow. The company has effectively managed its costs and improved operational efficiency.- Customer Trust The company's reputation for delivering high-quality projects and exceptional customer service has fostered trust and loyalty among its customers. This has translated into repeat business and positive word-of-mouth referrals.
Future OutlookLooking ahead, Oberoi Realty is optimistic about its future prospects. The company plans to continue its focus on premium and luxury segments, leveraging its strong brand presence and market expertise. Key areas of focus include - New Project Launches Oberoi Realty is poised to launch several new projects in key markets, further expanding its portfolio and customer base.- Innovation and Sustainability The company is committed to incorporating innovative design and sustainable practices in its projects, aligning with the growing demand for eco-friendly and smart living solutions.- Market Expansion Oberoi Realty aims to explore new markets and opportunities, both in India and internationally, to drive growth and diversify its revenue streams.
ConclusionOberoi Realty's Q2FY25 results underscore the company's strength and resilience in the real estate sector. With a solid foundation and a forward-looking strategy, Oberoi Realty is well-positioned to sustain its growth and deliver value to its stakeholders in the years ahead.
Frequently Asked Questions
What was Oberoi Realty's net profit in Q2FY25?
Oberoi Realty's net profit in Q2FY25 was Rs 589 crore, a 29% increase from the previous year.
How much revenue did Oberoi Realty generate from its real estate business in Q2FY25?
Oberoi Realty generated revenue of Rs 1276.14 crore from its real estate business in Q2FY25, which accounted for almost 94% of its total revenue.
What factors contributed to Oberoi Realty's strong performance in Q2FY25?
Strong market demand, strategic project launches, financial discipline, and customer trust were key factors contributing to Oberoi Realty's strong performance in Q2FY25.
What are Oberoi Realty's plans for the future?
Oberoi Realty plans to focus on new project launches, innovation and sustainability, and market expansion to drive growth and diversify its revenue streams.
What is Oberoi Realty's total revenue for Q2FY25?
Oberoi Realty's total revenue for Q2FY25 was Rs 1362.44 crore, a notable increase from Rs 1065.74 crore in the previous year.
Related News Articles
Zakir Hussain's Nephew Debunks Death Rumors: 'He's Alive, Pray for Him'
In a recent社交媒体 post, Zakir Hussain's nephew has addressed widespread misinformation about the popular motivational speaker's death, assuring his followers that he is still alive and requesting prayers for his well-being.
Urjita Jagdish Master Invests INR 105 Crore in Opulent Mumbai Apartment
Urjita Jagdish Master, a prominent stock market investor and director of Deep Financial Consultants, has recently acquired a luxury apartment in Mumbai for a staggering INR 105 crore. This high-value transaction underscores the robust demand for premium l
UP Police Files FIR Against Ansal Group for Fraud and Criminal Conspiracy
The Uttar Pradesh Police has filed a First Information Report (FIR) against the Ansal Group, a prominent real estate developer, on charges of cheating, criminal conspiracy, and breach of trust, following directives from Chief Minister Yogi Adityanath.
Chembur's Real Estate Market Poised for Upward Trajectory
Infrastructure developments and improved connectivity drive real estate demand in Chembur
Maharashtra Government Approves Salt Pan Lands for Dharavi Redevelopment
The Maharashtra government has approved the use of salt pan lands for the Dharavi Redevelopment project, a significant step towards transforming one of the world's largest slums.
Pune Court Remands Bopdev Ghat Gang Rape Accused to Police Custody Until October 15
A court in Pune has remanded a 28-year-old man arrested in the Bopdev Ghat gang rape case to police custody until October 15. The man, who has a history of criminal activities, was arrested on Friday, eight days after the incident.