Oberoi Realty’s net profit up 64.07% in Q4 FY24, Real Estate News, ET RealEstate
NEW DELHI: Oberoi Realty has reported a growth of 64.07 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 788.03 crore in Q4 FY24 as against Rs 480.29 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 1,558.56 crore in Q4 FY24, a growth of 56.62 per cent from Rs 995.11 crore it recorded in the similar quarter last year.
As on March 31, 2024, its net worth stood at Rs 13,844.41 crore, debt-equity ratio was 0.18, current liability ratio was 0.57, total debts to total assets ratio was 0.13, operating margin was 59.98% and net profit margin was 50.56%.
During the quarter ended March 31, 2024, the company, in exercise of the option available to it under the terms of the issue, had redeemed an amount of Rs 161 crore from Series II NCDs by way of face value reduction. During the quarter, the group divested its stake in one of its joint ventures on March 28, 2024.
