Companies

Oberoi Realty Q3 profit up 7 per cent

PTI New Delhi | Updated on February 08, 2020

Oberoi Realty has reported 7 per cent increase in consolidated net profit at ₹148.24 crore for the quarter ended December despite fall in total income. Its net profit in the year-ago period stood at Rs 137.93 crore.

The company’s total income, however, fell to ₹536.53 crore in the third quarter of 2019-20 from ₹548.79 crore in the same period a year ago, according to a regulatory filing.

“The Union Budget and the new RBI policy have paved the path to growth and liquidity. Reputed corporates thrive in challenging times due to their ability to adapt and deliver value to their stakeholders,” CMD Vikas Oberoi said. “We have also seen a marked improvement in buyer interest across all our projects; our diversified businesses also continue to perform well,” he added.

Mumbai-based Oberoi Realty is one of the leading real estate developers in the country.

Published on February 08, 2020

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