Oberoi Realty, on Saturday reported five per cent decline in consolidated net profit at Rs 100.8 crore for the first quarter ended June 30, due to higher tax expense and fall in other income.

The Mumbai-based company had posted Rs 105.77 crore profit in the year-ago period.

The total income of the company during the April-June, 2012 period has increased to Rs 230.79 crore from Rs 215.08 crore in the corresponding quarter last fiscal, Oberoi Realty said in a BSE filing.

Its tax expense increased to Rs 36.83 crore in during quarter from Rs 31.59 crore in the year-ago period, while other income fell to Rs 30.90 crore in the April-June quarter from Rs 54.48 crore in the corresponding period of last year.

The company’s share price closed at Rs 233.85 yesterday on BSE, down by 1.29 per cent from previous close.

(This article was published on July 21, 2012)
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