Oberoi Realty Limited, headquartered in Mumbai announced it’s results for the first quarter of FY13. The company has recorded Consolidated Revenue of Rs. 230.79 crore for Q1FY13 as against Rs. 215.07 crore for Q1FY12, a growth of 7.31%.

The Consolidated Profit Before Tax for Q1FY13 is Rs. 1.37bn as against Rs. 137.36 crore for Q1FY12.

The Consolidated Profit After Tax for Q1FY13 is Rs. 1bn as against Rs. 1.05bn for Q1FY12, a decline of 4.90%.

Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said; “Our results for the first quarter of this fiscal have been satisfactory in the light of the challenging global environment and the domestic macroeconomic headwinds. Our business continues to generate healthy cash flows from operations and we have managed to maintain strong order book. Our customers’ faith in us is a reflection of our track record of project delivery and execution. Moving forward, we will continue our strategy of financial prudence and exploring the right opportunities to acquire land.”

BUSINESS HIGHLIGHTS

Investment Properties (Retail, Office Space and Hospitality)

Oberoi Mall contributed Rs. 19.85 crore to the revenue for the Q1FY13 as against Rs. 19.12 crore in Q1FY12, a growth of 3.82%.

Commerz contributed Rs. 11.26 crore to the revenue for the Q1 FY13 as against Rs. 10.91 crore in Q1 FY12, a growth of 3.21%.

The Westin Mumbai Garden City contributed Rs. 22.00 crore to the revenue for the Q1FY13 as against Rs. 20.83 crore in Q1 FY12, a growth of 5.62%.

Development Properties (Residential)

Oberoi Esquire: For Q1FY13, we sold 58,065 sqft. and cumulative sales for the project is 767,970 sqft. amounting to Rs. 946.35 crore.

Oberoi Exquisite: For Q1FY13, we sold 28,600 sqft. and cumulative sales for the project is 863,180 sqft. amounting to Rs. 1,069.94 crore.

Oberoi Splendor Grande: For Q1FY13, we sold 23,660 sqft. and cumulative sales for the project is 232,960 sqft. amounting to Rs. 325.09 crore.

Oberoi Splendor: For Q1FY13, we sold 7,896 sqft. amounting to Rs. 19.02 crore