Oberoi Realty Reports Strong Q3 Results: Net Profit Surges 72% Year-Over-Year to ₹618 Crore; Company Declares Interim Dividend
Oberoi Realty Reports Impressive Q3 Results: Leading real estate company, Oberoi Realty, released its third-quarter financial results on Monday, January 20th, showcasing a remarkable 71.7% year-on-year increase in consolidated net profit for the quarter ending December (Q3FY25), reaching ₹618.38 crore. This substantial growth marks a significant improvement from the ₹360.15 crore profit reported in the same period last year. Additionally, the company saw a 5% sequential increase in consolidated net profit.
The Mumbai-based real estate giant reported a consolidated revenue of ₹1,411.08 crore from operations during Q3FY25, compared to ₹1,053.64 crore in Q3FY24, representing a notable year-on-year increase of nearly 33.92%. Sequentially, the revenue growth was 7%.
Dividend Announcement:
In conjunction with the Q3 results, Oberoi Realty declared a third interim dividend for the current financial year at ₹2 per equity share with a face value of ₹10 each. The Board of Directors made this decision during their meeting on January 20, 2025, in compliance with relevant SEBI regulations. The record date for the dividend payment is set for January 24, with distribution commencing on February 10.
Stock Performance:
Prior to the Q3 results announcement, Oberoi Realty’s share price closed at ₹2001.50 on the BSE, reflecting a 0.68% increase. The stock reached a high of ₹2010.10 and a low of ₹1962.05 during the trading day.
For more market insights, follow our blog.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.