Oberoi Realty, on a consolidated basis, has posted a 5 per cent rise in net profit at Rs 144 crore for the quarter-ended March 31, 2012.
The Mumbai-based real estate developer logged a net profit of Rs 137 crore in the same period last year.
Total revenue for the quarter was down 3 per cent at Rs 285 crore (Rs 295 crore).
The board of directors has recommended a dividend of Rs 2 per equity share for 2011-12.
For FY12, net profit was down 10 per cent at Rs 463 crore (Rs 517 crore). Total revenue stood at Rs 975 crore (Rs 1,059 crore), down 8 per cent.
Mr Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Ltd, said, “We have managed to maintain a robust order-book and have received strong collections through customer receipts along with stable rental income coming from our investment properties.”
On Thursday, the company's scrip was trading 2.16 per cent higher at Rs 269.90 on the BSE at 12.40 p.m.