Oberoi Realty shares in focus after Q3 profit jumps 72% YoY to Rs 618 crore
Oberoi Realty shares will be in the spotlight on Tuesday, 21 January, after the company reported a 71.70% year-on-year (YoY) increase in net profit for Q3 FY25, reaching Rs 618.38 crore, up from Rs 360.15 crore in Q3 FY24.
The Mumbai-based real estate firm's consolidated revenue from operations stood at Rs 1,411.08 crore for Q3 FY25, a 33.92% YoY rise from Rs 1,053.64 crore in Q3 FY24. On a sequential basis, revenue grew by 7%.
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Commenting on the results, Vikas Oberoi, Chairman & Managing Director of Oberoi Realty, said, “Indian economy has continued to grow across sectors, with the luxury real estate market being one of the key beneficiaries. At Oberoi Realty, we are delighted to announce another healthy quarter, driven by tremendous response to our first phase launch at Oberoi Garden City, Thane. The demand for premium and bespoke residences continues to be robust, and our luxury homes are setting new benchmarks in design and quality. With a strong portfolio of upcoming projects, and strategic land acquisitions, we stand well-positioned to meet the rising demand and foster long-term profitable growth."
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