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Oberoi Realty Limited, headquartered in Mumbai announced its results for the fourth quarter of FY24 and full year FY23-24. The Company has recorded Consolidated Revenue of Rs.1,558.56 crore for Q4FY24 as against Rs. 1,082.85 crore for Q3FY24. The Consolidated Revenue is Rs. 4,818.77 crore for FY24 as against Rs. 4,293.20 crore for FY23.
The Consolidated Profit Before Tax for Q4FY24 is Rs. 971.28 crore as against Rs. 479.33 crore for Q3FY24. The Consolidated Profit Before Tax for FY24 is Rs. 2,475.73 crore as against Rs. 2,223.88 crore for FY23.
The Consolidated Profit After Tax for Q4FY24 is Rs. 787.71 crore as against Rs. 360.02 crore for Q3FY24. The Consolidated Profit After Tax for FY24 is Rs. 1,925.17 crore as against Rs. 1,903.93 crore for FY23.
Commenting on the Q4FY24 results, Vikas Oberoi, CMD, Oberoi Realty, said, “Indian economy has been resilient amongst the global major economies and on course to become the fourth largest in the world. Within the Indian real estate sector, the residential and commercial segments are poised to play pivotal roles.
The residential sector continues to witness significant sales traction driven by end-user demand and a rising desire for homeownership. In the last quarter, we launched Elysian Tower-C at our flagship integrated development Oberoi Garden City and we also delivered over 1,100 homes to residents at Sky City in Borivali. We recorded the highest ever quarterly and annual profits driven by robust sales momentum and healthy operational performance.
Our integrated developments will redefine the landscape of urban living and hospitality in MMR as we extend our longstanding association with Marriott International to develop hotels in Thane and Borivali.
Our Grade-A offices at International Business Park witnessed sustained demand as occupiers focus on quality workspaces. We remain committed to develop our existing land parcels and explore new growth opportunities, leading to enhanced value for our stakeholders.
