Oberoi Realty falls ~1% on missing street estimates on all fronts in Q3FY19

The company missed revenue estimates by 23%, EBITDA margins by a whopping 48%, and PAT by 42%

Jan 23, 2019 04:01 IST India Infoline News Service

Shares of Oberoi Realty lost ~1% in early morning trade on Wednesday as the company missed street estimates on all fronts. 

Oberoi Realty Ltd’s consolidated revenue from operations increased 48% yoy to Rs528.62cr as against Rs356.2cr in Q3FY18, however missing the consensus estimates by 23%. The EBITDA came in at Rs188.09cr, missing the consensus estimates by a whopping 48%. Read more. 

IIFL view: The company continues to witness strong momentum in new bookings despite a challenging demand environment. Consolidated sales surged 95% yoy to Rs592cr on the back of strong growth in thr real estate business (94% of the total revenue)

Oberoi Realty Ltd is currently trading at Rs441.40 down by Rs5.15 or 1.15% from its previous closing of Rs446.55 on the BSE.

The scrip opened at Rs448 and has touched a high and low of Rs448 and Rs439.40 respectively. So far 1,00,625 (NSE+BSE) shares were traded on the counter. 

Related Story