Oberoi Realty Q3 net jumps over two-fold

PTI New Delhi | Updated on January 19, 2018

Oberoi Realty today reported more than two-fold jump in consolidated net profit at Rs 209.35 crore for the quarter ended December 31, 2016 on higher sales. Its net profit stood at Rs 79.23 crore in the year-ago period.

Total income has increased to Rs 790.33 crore for the October-December quarter of 2015-16 fiscal from Rs 219.6 crore in the corresponding period of the previous year, Mumbai-based developer said in a filing to the BSE.

The company has developed about 40 projects at strategic locations across the Mumbai skyline aggregating about 9.18 million sq ft. Another 20.61 million sq ft is under construction.

Published on January 15, 2016

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