Oberoi Realty Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 30, 2018 at 01:05 pm
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Oberoi Realty Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 3,562.0 million against INR 2,521.7 million a year ago. Profit before tax was INR 1,837.3 million against INR 1,254.3 million a year ago. Net profit for the period was INR 1,201.9 million against INR 847.2 million a year ago. Profit before share of profit of associates/joint ventures and exceptional items was INR 4,683.2 million against INR 4,120.7 million a year ago. Basic and diluted EPS was 3.54 against INR 2.50 a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 9,204.6 million against INR 8,241.9 million a year ago. Profit before tax was INR 4,708.7 million against INR 4,143.9 million a year ago. Profit after tax after taxes, minority interest and share of profit of associates was INR 2,775.3 million against INR 3,687.2 million a year ago. Net profit for the period was INR 3,158.8 million against INR 2,767.8 million a year ago. Basic and diluted EPS was INR 9.30 against INR 8.16 a year ago.
For the quarter, on stand-alone basis, the company reported revenue from operations of INR 2,635.1 million against INR 2,087.6 million a year ago. Profit from ordinary activities before tax was INR 4,473.3 million against INR 3,483.3 million a year ago. Net profit for the period was INR 928.1 million against INR 722.2 million a year ago. Profit before exceptional items and tax was INR 1,412.8 million against INR 1,059.7 million a year ago. Basic and diluted EPS was INR 2.73 against INR 2.13 a year ago.
For the nine months, on stand-alone basis, the company reported revenue from operations of INR 7,128.5 million against INR 6,566.8 million a year ago. Profit before tax was INR 3,498.2 million against INR 5,404.1 million a year ago. Net profit for the period was INR 3,218.3 million against INR 2,347.7 million a year ago. Profit before exceptional items and tax was INR 4,473.3 million against INR 3,483.3 million a year ago. Basic and diluted EPS INR 9.48 against INR 6.92 a year ago.
Oberoi Realty Limited is an India-based company, which is engaged in the business of real estate development. The Company develops residential, commercial, retail and social infrastructure projects. The Company operates through two segments: Real Estate and Hospitality. The Real Estate segment develops and sells residential properties and leases commercial properties. The Hospitality segment is engaged in the business of owning and operating the hotel. It has developed approximately 43 projects at locations across the Mumbai skyline aggregating about 9.34 million square feet of space. Its residential projects include Maxima by Oberoi Realty, Oberoi Splendor, Oberoi Splendor Grande, Prisma by Oberoi Realty, Oberoi Sky Heights and others. Its commercial projects include Oberoi Chambers, Commerz and Commerz II. Its retail project includes Oberoi Mall. Its social infrastructure project includes Oberoi International School. Its hospitality project includes The Westin Mumbai Garden City.
OBEROI REALTY LIMITED 
