Oberoi Realty Q3 Profit Jumps 72%, Declares Interim Dividend

Oberoi Realty Q3 Results: Profit Jumps 72%, Third Interim Dividend Declared

Strong Profit Growth

Oberoi Realty Ltd. reported a significant 72% year-on-year jump in its consolidated net profit for the third quarter of the current financial year. The real estate company's profit rose to ₹618.4 crore in the quarter ended December, according to an exchange filing on Monday.

Revenue Increase

The company's revenue also saw a substantial increase, rising by 34% to ₹1,411 crore, compared to ₹1,053.6 crore in the corresponding quarter of the previous fiscal year. However, the consensus estimate of analysts tracked by Bloomberg stood at ₹1,621 crore.

Dividend Announcement

The board of directors has declared a third interim dividend of ₹2 per equity share for the current fiscal year. The company has set January 24 as the record date for the payment of the interim dividend, which will be paid from February 10.

Q3 FY25 Key Highlights (Consolidated, YoY)

• Revenue: Up 33.92% to ₹1,411 crore versus ₹1,053.6 crore
• EBITDA: Up 68.1% to ₹856 crore versus ₹509 crore
• Margin: Expanded to 60.66% versus 48.33%
• Net Profit: Up 71.73% to ₹618.4 crore versus ₹360 crore

Key Operational Metrics In Q3

• Area Booked: 6.59 lakh sq ft versus 2.60 lakh sq ft
• Booking Value: Up 143.79% at ₹1,918.25 crore versus ₹786.86 crore
• Collections: Up at ₹1,394.96 crore versus ₹891.53 crore
• Revenue Recognized: Up 31.92% stood at ₹1,096.61 crore versus ₹831.24 crore

Revenue Segment Growth

The revenue growth was primarily driven by a 35% increase in the real-estate segment and a 9% growth in the hospitality business.

Stock Performance

Shares of Oberoi Realty closed 0.68% higher as compared to a 0.59% increase in Sensex.

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Categories: Oberoi Realty, Q3 Results, Real Estate Stocks