Oberoi Realty Q4 PAT up 14.3% at Rs286.85cr on lower operating costs in the quarter

Oberoi Realty reported 28.36% yoy increase in consolidated sales revenues for the Mar-21 quarter at Rs790.08cr

May 14, 2021 08:05 IST India Infoline News Service

Oberoi Realty reported 28.36% yoy increase in consolidated sales revenues for the Mar-21 quarter at Rs790.08cr. On a sequential basis, the revenues were marginally lower by -4.63% compared to top line of Rs828.41cr in the Dec-20 quarter.

On a yoy basis, the real estate development vertical of Oberoi saw 33% growth in revenues at Rs778cr. However, the smaller hospitality vertical of the group saw top line revenues falling by 59% you due to the pandemic related slowdown in the hospitality sector.

Net profits were up 14.3% at Rs286.85cr for the Mar-21 quarter on the back of lower growth in real estate EBITDA on a yoy basis. Real estate EBITDA was flat sequentially. Net profit margins tapered from 40.77% in Mar-20 quarter to 36.31% in the Mar-21 quarter.

Financial highlights for Mar-21 compared yoy and sequentially


Oberoi Realty
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 790.08 ₹ 615.50 28.36% ₹ 828.41 -4.63%
Net Profit (Rs cr) ₹ 286.85 ₹ 250.96 14.30% ₹ 286.65 0.07%
Diluted EPS (Rs) ₹ 7.89 ₹ 6.90 ₹ 7.88
Net Margins 36.31% 40.77% 34.60%

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