Here are the financial highlights
|Particulars||Sep-20 Quarter||Growth (YOY)||Growth (QOQ)|
|Key Ratios||Sep-20 Quarter||Sep-19 Quarter||Jun-20 Quarter|
|Net Profit Margin||43.58%||28.09%||23.78%|
Key takeaways from the Sep-20 quarter results
- The company has managed this profit performance largely by keeping debt well in check. For example, the debt equity ratio at 0.19 is among the lowest in the real estate business. Also, Oberoi Realty has a comfortable interest coverage ratio of 4.33 times and a debt service coverage of 0.91
- The lockdown severely impacted the mall operations of its subsidiary in the absence of which the actual profit numbers and sales numbers could have been still better at a consolidated level.
- Operating cash profit has literally halved in the first half of 2020 as compared to the first half of 2019. This was largely due to the pressure created in the June quarter.