iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Oberoi Realty Q3 PAT up 63% YoY

29 Jan 2022 , 02:03 PM

Total expenses increased by 11.3% YoY to Rs 530.31 crore during the quarter due to a sharp rise in operating costs (up 3x YoY). The overall increase in expenses was contained to some degree by lower other expenses (down 60.3% YoY).

The company recorded a net profit of Rs 235.34 crore from joint ventures in the third quarter. It had recorded a loss of Rs 0.15 crore from the same in the same period last year.

Vikas Oberoi, chairman & managing director, Oberoi Realty, said, ?The real estate sector has witnessed a very strong sales momentum in the last few quarters. This is primarily due to supply-side consolidation and a shift in consumer preference towards established players. Historically low-interest rates are also supporting a spur in the volumes. In the commercial segment, we see that the leasing activity is gradually picking up and with the pandemic easing out, the retail business is also set to make a comeback.?

Oberoi Realty is Indias leading real estate development company. It is focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.

The scrip advanced 0.95% to end at Rs 894.45 on the BSE yesterday.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.