Oberoi Realty’s net profit up 43.36% in Q2 FY24, Real Estate News, ET RealEstate

October 27, 2023

NEW DELHI: Oberoi Realty has reported a growth of 43.36 per cent in its net consolidated profit during the quarter ended September 30, 2023. It’s profit after tax stood at Rs 456.76 crore in Q2 FY24 as against Rs 318.62 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 1,243.80 crore, a growth of 74.74 per cent from Rs 711.79 crore it recorded in the similar quarter last year.

As on September 30, 2023, the company’s net worth stood at Rs 12,842.11 crore, debt-equity ratio was 0.26, current liability ratio was 0.45, total debts to total assets was 0.18, operating margin was 52.42% and net profit margin was 36.72%.

During the quarter and half year ended September 30, 2023, the company, in exercise of the option available to it under the terms of the Issue, had redeemed an amount of Rs 180 crore and Rs 200 crore respectively from Series I NCDs by way of face value reduction, the company said in the regulatory filing.

  • Published On Oct 27, 2023 at 08:00 PM IST

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