Companies

Oberoi net rises 56% to Rs 205 cr

Our Bureau Mumbai | Updated on January 30, 2011 Published on January 29, 2011

The Mumbai-based Oberoi Realty has posted a 56 per cent rise in net profit at Rs 205 crore for the quarter-ended December 31, compared with Rs 131 crore logged in the same period a year ago.

Total income

Total income rose 95 per cent to Rs 421 crore (Rs 216 crore).

Mr Vikas Oberoi, Chairman and Managing Director, said, “We have witnessed continuing momentum in sales across our on-going residential projects. The response to our newly launched residential project has also been promising.”

CBD

Of late, a large number of corporates are moving from the traditional central business districts in the city to the suburbs where the company has most of its office space coming up, he said.

Published on January 29, 2011
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