Oberoi Realty Limited, announced its results for the fourth quarter of FY23 and full year FY23. The company has recorded consolidated revenue of Rs. 995.11 crore for Q4FY23 as against Rs. 842.94 crore for Q4FY22. The consolidated revenue is Rs. 4,293.20 crore for FY23 as against Rs. 2,752.42 crore for FY22.
The Consolidated Profit Before Tax for Q4FY23 is Rs. 390.68 crore as against Rs. 330.78 crore for Q4FY22. The Consolidated Profit Before Tax for FY23 is Rs. 2,223.88 crore as against Rs. 1,353.58 crore for FY22.
The Consolidated Profit After Tax for Q4FY23 is Rs. 480.16 crore as against Rs. 232.78 crore for Q4FY22. The Consolidated Profit After Tax for FY23 is Rs. 1,903.93 crore as against Rs. 1,047.87 crore for FY22.
Commenting on the Q4FY23 results, Vikas Oberoi, CMD, Oberoi Realty, said, “India’s influence as a major world power has been growing owing to its strong macro-economic fundamentals and rising status as the world’s fifth largest economy and with the country assuming G20 Presidency from December 2022. Despite global headwinds, the domestic tailwinds have given a huge boost to the residential sector. Demand for housing has continued to grow, driven by the aspiration of continued home ownership by end users. Industry consolidation has led to incremental market share gains for organised players.”
He further said, “The retail segment is experiencing phenomenal footfalls and strong growth across consumption. We expect a sustained interest in Grade-A offices as occupiers and employees focus on the quality of space that they occupy. In the coming year, we look forward to the launch of new projects and entry into new markets, leading to enhanced value for our stakeholders.”
