Mumbai, October 29, 2021: Oberoi Realty Limited, headquartered in Mumbai, today
announced its results for the second quarter of FY22 and first half of FY22. The Company has recorded Consolidated Revenue of Rs. 768.52 crore for Q2FY22 as against Rs. 294.77 crore for Q1FY22. Further the Consolidated Revenue for H1FY22 was Rs. 1,063.29 crore as against Rs. 452.14 crore for H1FY21.
The Consolidated Profit Before Tax was Rs. 361.94 crore for Q2FY22 as against Rs. 109.63
crore for Q1FY22. Further the Consolidated Profit Before Tax for H1FY22 was Rs. 471.57
crore as against Rs. 208.59 crore for H1FY21.
The Consolidated Profit After Tax was Rs. 266.55 crore for Q2FY22 as against Rs. 80.81
crore for Q1FY22. Further the Consolidated Profit After Tax for H1FY22 was Rs. 347.36 crore as against Rs. 167.65 crore for H1FY21.
Commenting on the Q2FY22 results, Mr. Vikas Oberoi, Chairman and Managing Director,
Oberoi Realty Limited said, “The administering of 1 billion Covid vaccine doses by the
government is a milestone achievement. The vaccination progress, improved pandemic
scenario in Maharashtra and historically low home loan rates have improved market
sentiments and instilled confidence in the homebuyers. We are certain that there will be further consolidation amongst developers who can offer an aspirational lifestyle and have a proven track record of quality construction and delivery.
All our projects have performed exceptionally well during the last quarter due to the increased awareness of home ownership and clear preference towards reputed and financially stable brands. We are certain that this sales momentum will continue. Oberoi Realty has always adapted seamlessly to the demands of the dynamic market and consumer behaviour, while continuing to create value for our stakeholders.”
Awards & Recognition :
Oberoi Realty Ltd. recognised as the “Industry Disruptor” under the Architecture,
Engineering and Construction industry category by Autodesk desk Imagine awards
Corporate Comm India (CCI Newswire)
Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…
New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…
New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…
~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…
- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…
The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…