Oberoi Realty Sees Significant Growth in Q1 with 82% Increase in PAT
Oberoi Realty, a Mumbai-based real estate development company, has reported a significant surge in its consolidated net profit for Q1 FY25.
Oberoi RealtyQ1 ResultsReal EstateIndian Real Estate MarketMumbai Based DeveloperReal Estate MumbaiJul 20, 2024
The company's revenue from operations has also seen a significant increase of 54.42% to Rs 1405.16 crore in Q1 FY25, compared to Rs 909.97 crore in the corresponding quarter last year. Profit before tax has registered a growth of 81.84% to Rs 775.03 crore, up from Rs 426.22 crore in Q1 FY24.
The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has also shown a remarkable growth of 72.05% to Rs 815.05 crore in the June quarter, compared to Rs 473.73 crore in Q1 FY24.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, expressed his optimism about the Indian real estate market, stating that it has solidified its position as the preferred investment avenue. He also highlighted the company's focus on creating lasting value for all stakeholders, with a commitment to achieving sustainable growth.
The company's board has declared an interim dividend of Rs 2 per equity share for FY25, with a record date fixed on August 1, 2024, and the dividend will be paid starting from August 12, 2024.
Oberoi Realty is a Mumbai-based real estate development company that focuses on premium developments in the residential, office space, retail, hospitality, and social infrastructure projects. The company's shares have been performing well, despite a slight dip of 2.69% to end at Rs 1,671.25 on Friday, July 19, 2024.
Frequently Asked Questions
What is Oberoi Realty's consolidated net profit for Q1 FY25?
Rs 584.51 crore
What is the growth rate of Oberoi Realty's revenue from operations in Q1 FY25?
54.42%
What is the company's EBITDA for Q1 FY25?
Rs 815.05 crore
What is the interim dividend declared by Oberoi Realty's board for FY25?
Rs 2 per equity share
What is the focus of Oberoi Realty's business?
Premium developments in the residential, office space, retail, hospitality, and social infrastructure projects
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