Oberoi Realty Announces Q4 Fy18 And Fy18 Results

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HIGHLIGHTS of Consolidated Financials for FY18

Revenue for FY18 at Rs. 1,292.01 crore as against Rs. 1,161.34 crore for FY17 and EBITDA at Rs. 701.84 crore for FY18 as against Rs. 617.36 crore for FY17

Profit Before Tax (PBT) for FY18 at Rs. 649.53 crore as against Rs. 565.44 crore for FY17 and Profit After Tax (PAT) at Rs. 458.80 crore as against Rs. 378.59 crore for FY17

Mumbai, April 30, 2018: Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the fourth quarter of FY18 and full year FY17.

The Company has recorded Consolidated Revenue of Rs. 352.84 crore for Q4FY18 as against Rs.

302.33 crore for Q4FY17. The Consolidated Revenue is Rs. 1,292.01 crore for FY18 as against Rs.1,161.34 crore for FY17.

The Consolidated Profit Before Tax for Q4FY18 is Rs. 178.66 crore as against Rs. 151.06 crore for Q4FY17. The Consolidated Profit Before Tax for FY18 is Rs. 649.53 crore as against Rs. 565.44 crore for FY17.

The Consolidated Profit After Tax for Q4FY18 is Rs. 142.92 crore as against Rs. 101.82 crore for Q4FY17. The Consolidated Profit After Tax for FY18 is Rs. 458.80 crore as against Rs. 378.59 crore for FY17.

The order book stands at Rs. 5,360.82 crore at the end of FY18 as against Rs 5,037.45 crore at the end of FY17.

Commenting on the results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “FY 2017-18 was a year of consolidation for the Indian economy, with many key reforms being successfully implemented. In Maharashtra, the state government, in addition to being at the forefront of RERA adoption, has retained its focus on key infrastructure and connectivity projects, especially in Mumbai. At Oberoi Realty we have always welcomed and embraced policy reforms positively and are poised to capitalise on these changes as well. The real estate sector has gone through a very disruptive period during the last few years and only those who are agile and can adapt to the market sentiments will be able to thrive.

With the strong impetus on Mumbai’s infrastructure and increase in disposable incomes we firmly believe that the city is sitting on latent demand waiting to be released. As a company we have always positioned our customers at the forefront and therefore we are creating synergies for the aspiring home buyers to own a home at Oberoi Realty”.

 

Awards & Recognition

Oberoi Garden City – Commerz II received the Health & Safety Award at High Rise India Summit & Awards

Oberoi Mall received Most Admired Marketing Campaign of the year – Jingle all the way to Switzerland at the ET Now Awards 2018 for Retail Excellence

Oberoi Mall were the First Runners up for Ecological Sustainability at The Infrastructure, Facility, Human Resources, and Realty Association (INHRA) Awards

Corporate Comm India(CCI Newswire)