Oberoi Realty Announces Q1 FY24 Results
Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the first quarter of FY24. The Company has recorded Consolidated Revenue of Rs. 933.56 crore for Q1FY24 as against 934.81 crore for Q1FY23 and Rs. 995.11 crore for Q4FY23. The Consolidated Profit Before Tax for Q1FY24 is Rs. 426.22 crore as against Rs. 516.78 crore for Q1FY23 and Rs. 390.68 crore for Q4FY23. The Consolidated Profit After Tax for Q1FY24 is Rs. 321.36 crore as against Rs. 403.48 crore for Q1FY23 and Rs. 480.16 crore for Q4FY23. Commenting on the Q1FY24 results, Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, “Despite international volatility, India’s economy continues to maintain its upward momentum on account of increased demand and infrastructure creation. All verticals in the real estate industry have also been a huge beneficiary of this economic growth, especially the demand for premium housing.” “On the back of this rising customer demand, coupled with the upcoming festive period, we are confident that the demand for quality housing by reputed brands having a proven track record will continue to sustain. With our calibrated and clear strategy to create long-term value for all our stakeholders, we continue to drive significant value to our portfolio across segments,” he added.
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