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On Thursday (April 17), shares of Oberoi Realty Ltd ended at ₹1,633.60, down by ₹8.30, or 0.51%, on the BSE.
Real estate developer Oberoi Realty Ltd on Saturday (April 19) reported a 31% year-on-year increase in booking value for FY25, reaching ₹5,266 crore, compared to ₹4,007 crore in FY24, according to provisional data released by the company.
The Mumbai-based real estate developer sold 928 units during the fiscal year, marking a 32% jump from 705 units booked in the previous year. The total carpet area sold stood at 12.8 lakh square feet, up from 10.8 lakh square feet in FY24. These provisional numbers are subject to audit and may be revised.
Oberoi Realty reported a 71.7% year-on-year (YoY) jump in net profit at ₹618.4 crore for the third quarter that ended December 31, 2024, over ₹360.2 crore in Q3 FY24. The company's revenue from operations increased 34% to ₹1,411 crore against ₹1,053.7 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA zoomed 68% to ₹856 crore in the third quarter of this fiscal over ₹509.5 crore in the year-ago quarter. The EBITDA margin stood at 60.7% in the reporting quarter against 48.4% year-on-year. EBITDA is earnings before interest, tax, depreciation, and amortisation.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, said, "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."
On Thursday (April 17), shares of Oberoi Realty Ltd ended at ₹1,633.60, down by ₹8.30, or 0.51%, on the BSE.
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