Oberoi Realty Q3 Results | Net profit zooms 72%, revenue up 34%; dividend declared

Real estate developer Oberoi Realty Ltd on Monday (January 20) 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.

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.

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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.

The board of directors declared a third interim dividend for FY24-25 at the rate of ₹2 per equity share i.e. 20% of the face value of equity shares of ₹10 each. January 24 is the record date for the payment of the dividend, and it will be paid starting from February 10.

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The results came after the close of the market hours. Shares of Oberoi Realty Ltd ended at ₹2,000.45, up by ₹12.40, or 0.62%, on the BSE.