Oberoi Realty Soars 7% on Strong Q1FY25 Performance; Profit Surges 82%
Oberoi Realty, a Mumbai-based real estate development company, has reported a strong Q1FY25 performance, with profit zooming 82% to Rs 584.5 crore.
Oberoi RealtyReal EstateMumbaiLuxury Real EstateQ1fy25Real Estate MumbaiJul 22, 2024
The company's revenue from operations has also climbed 54.4% Y-o-Y to Rs 1,405.2 crore, compared to Rs 910 crore in the same quarter previous fiscal. Oberoi Realty's earnings before interest, taxes, depreciation, and amortisation (Ebitda), also known as operating profit, has surged 72% to Rs 815 crore in Q1FY25, compared to Rs 473.7 in Q1FY24.
Consequently, the Ebitda margin has come in at 58% for the June quarter of FY25, compared to 52% in the June quarter of FY24. Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, said, 'We are pleased to announce another successful quarter, driven by healthy demand in the luxury real estate market with homeowners constantly looking to elevate their lifestyles.
The company is focused on providing customers with aesthetically designed luxurious homes and a sustainable lifestyle complete with world-class amenities. The board of directors has also declared an interim dividend of Rs 2 per equity share, with the record date for payment being August 1, 2024.
Oberoi Realty is part of the Oberoi Realty Group, which is focused on developments in the residential, office space, retail, hospitality, and social infrastructure verticals. The company has a market capitalisation of Rs 63,812.19 crore, according to the Bombay Stock Exchange (BSE), and falls under the BSE 200 category.
Frequently Asked Questions
What is Oberoi Realty's profit in Q1FY25?
Oberoi Realty's profit has zoomed 82% year-on-year (Y-o-Y) to Rs 584.5 crore in the June quarter of financial year 2025 (Q1FY25).
What is the revenue from operations of Oberoi Realty in Q1FY25?
The company's revenue from operations has climbed 54.4% Y-o-Y to Rs 1,405.2 crore in Q1FY25.
What is the Ebitda margin of Oberoi Realty in Q1FY25?
The Ebitda margin has come in at 58% for the June quarter of FY25.
What is the interim dividend declared by Oberoi Realty?
The board of directors has declared an interim dividend of Rs 2 per equity share.
What is the market capitalisation of Oberoi Realty?
The company has a market capitalisation of Rs 63,812.19 crore, according to the Bombay Stock Exchange (BSE).
Related News Articles
Sunteck Realty Sees 30% Jump in Sale Bookings to Rs 502 Crore in Q1 FY25
Sunteck Realty, a prominent real estate developer, reports a significant surge in sale bookings, driven by strong housing demand in the Maharashtra property market.
IAS Officer Puja Khedkar's Marital Status Under Scrutiny: Centre Seeks Clarification
Centre asks Pune Police to investigate Puja Khedkar's parents' marital status amid allegations of quota fraud.
Rustomjee Launches Belle Vie: A Luxury Plotted Development in Kasara
Mumbai, Maharashtra, India: Rustomjee Group, a leading real estate developer, announces its entry into plotted development with the launch of Belle Vie, a luxury residential project in Kasara.
CIDCO Ordered to Register Land Schemes as Real Estate Projects by MREAT
The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that the City and Industrial Development Corporation (CIDCO) must register its land sale schemes as real estate projects, upholding the rights of buyers under the Real Estate (Regulation and
MHADA Plans 2.5 Lakh Affordable Homes in Mumbai Over Five Years
In recent years, the skyrocketing cost of real estate in Mumbai has made homeownership a distant dream for many. To address this, the Maharashtra Housing and Area Development Authority (MHADA) has announced an ambitious plan to build 2.5 lakh affordable h
Flex Space Operators Capitalize on Rising Demand in the Real Estate Market
As companies increasingly opt for flex spaces to optimize costs and enhance employee satisfaction, flex space operators are actively tapping into the market to secure funding and expand their operations.