Oberoi Realty Q2 FY18 consolidated net profit rises 24.9% yoy

EBITDA for the quarter rose by 27.5% yoy to Rs 176 crore with a corresponding margin expansion of 330 bps.

Oct 16, 2017 12:10 IST India Infoline Research Team

Oberoi Realty Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 304 20.6
EBITDA 176 27.5
EBITDA Margin (%) 58.2 330
Net Profit (adjusted) 104 24.9
***EBITDA margin change is bps
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Last updated on

11-Oct-2017

Oberoi Realty consolidated revenue for the quarter came in at Rs. 304 crore, registering 20.6% yoy increase. This was primarily driven by ~23% yoy surge in the revenue of real estate segment.

EBITDA for the quarter rose by 27.5% yoy to Rs. 176 crore with a corresponding margin expansion of 330 bps. EBITDA margin for the quarter stood at 58.2%. This margin expansion was mainly led by lower operating costs as proportionate to sale (~62% in Q2FY18 vs ~78% in Q2FY17).

The PAT for the quarter came in at Rs. 104 crore, yoy increase of 24.9%.

Technical View:

Oberoi Realty Ltd is currently trading at Rs. 477.60, up by 31.1 points or 6.97% from its previous closing of Rs. 446.50 on the BSE.
The scrip opened at Rs. 455 and has touched a high and low of Rs. 483.65 and Rs. 443.65 respectively. So far 14,54,865(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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