Oberoi Realty Ltd's Q2FY17 consolidated net profit increses 12.16% yoy to Rs.83 crore : Beats Estimates

October 21, 2016 6:43 IST | India Infoline Research Team

Oberoi Realty Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 252 31.9
EDITDA 126 13.5
EBITDA Margin (%) 50 [812]
Net Profit (adjusted) 83 12.2
***EBITDA margin change is bps

Oberoi Reality Ltd Consolidated Q2FY17 came in mixed compared to street estimates. Revenue came in 1.5% higher than street estimate of Rs 248 cr yoy. EBITDA stood at Rs 126 cr, 4.8% lower than street estimate. Net profit stood at 83 cr which is in line with street estimate.

Revenue for the quarter increased 31.9% yoy to Rs 252 cr. This was due to volume growth driven by sky city project.

The EBITDA increased by 13.5% yoy to Rs 126 cr while EBITDA margin droped by 812 bps yoy to 50%. This was primarily due to sharp rise in operating cost by 79% yoy.

Net profit increased 12.2% yoy to Rs 83 cr.

Technical View:

Oberoi Realty Ltd ended at Rs. 332.6, down by 0.6 points or 0.18% from its previous closing of Rs. 333.2 on the BSE.
The scrip opened at Rs. 337.9 and touched a high and low of Rs. 338.2 and Rs. 330.35 respectively. A total of 139413(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction



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