Oberoi Realty Ltd Q2FY17
Consolidated Results Q2FY17: (Rs. in crore)
|EBITDA Margin (%)||50|||
|Net Profit (adjusted)||83||12.2|
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.
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.