Oberoi Realty topline shoots up to Rs. 4,818.77 crore for FY24 as against Rs. 4,293.20 crore for FY23
MUMBAI, May 15 (The CONNECT) – Oberoi Realty Limited 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, as the Indian economy has been resilient amongst the global major economies the Indian real estate sector is poised to play pivotal role.
He pointed out that the residential sector continues to witness significant sales traction driven by end-user demand and a rising desire for homeownership, he said and cited the launch of Elysian Tower-C at the realtor’s flagship integrated development Oberoi Garden City. The company has 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,” he said.
