Oberoi Realty net profit rises 63% at Rs 467.53 crore in Dec quarter

Mumbai-based Oberoi Realty Ltd on Friday reported a 63 per cent increase in its consolidated net profit at Rs 467.53 crore for the quarter ended December.

Its net profit stood at Rs 286.65 crore in the year-ago period.

Total income rose to Rs 846.19 crore during October-December period of this fiscal year from Rs 837.57 crore in the corresponding period of the previous year, according to a regulatory filing.

Net profit rose to Rs 814.74 crore in the April-December period of this fiscal year from Rs 452.44 crore in the corresponding period of the previous year.

Total income increased to Rs 1,909.48 crore in the first nine months of this fiscal year from Rs 1,289.71 crore in the corresponding period of the previous year.

Oberoi Realty is one of the leading real estate developers in the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor