On January 21, 2025, Oberoi Realty shares slipped ~4% to the day low of ₹1,885.25 after opening at ₹2023.70 at 09:25 AM. The fall in Oberoi Realty shares came after the release of its financial results for Q3FY25 and 9MFY25 ended on December 31, 2024.
The company reported Consolidated Revenues of ₹1,460.27 crore for Q3FY25, compared to ₹1,082.85 crore in Q3FY24. For the nine months of FY25, revenues stood at ₹4,260.84 crore, up from ₹3,260.21 crore in the corresponding period of FY24. The Consolidated Profit Before Tax (PBT) for Q3FY25 was ₹810.28 crore, a significant increase from ₹479.33 crore in Q3FY24.
For the nine-month period, PBT amounted to₹2,367.79 crore, compared to ₹1,504.46 crore for 9MFY24. The Consolidated Profit After Tax (PAT) for Q3FY25 was ₹617.82 crore, a substantial rise from ₹360.02 crore in Q3FY24. For 9MFY25, PAT stood at ₹1,791.55 crore, up from ₹1,137.47 crore in the same period last year.
Commenting on the Q3FY25 results, Mr Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, said, “Indian economy has continued to grow across sectors, with the luxury real estate market being one of the key beneficiaries. At Oberoi Realty, we are delighted to announce another healthy quarter, driven by the tremendous response to our first phase launch at Oberoi Garden City, Thane. The demand for premium and bespoke residences continues to be robust, and our luxury homes are setting new benchmarks in design and quality. With a strong portfolio of upcoming projects, and strategic land acquisitions, we stand well-positioned to meet the rising demand and foster long-term profitable growth.”
The company has declared a 3rd interim dividend for FY24-25 of ₹2 per equity share (i.e., 20% of the face value of ₹10 per share). The record date for the dividend is January 24, 2025, and the payment will begin on February 10, 2025.
The Board of Directors has approved the Scheme of Amalgamation of Nirmal Lifestyle Realty Private Limited (‘NLRPL’ or ‘Transferor Company’) with Oberoi Realty Limited. This strategic move aims to streamline the corporate structure and enhance management focus on the core business.
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Published on: Jan 21, 2025, 9:41 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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