Oberoi Realty reports 47% fall in Q4 consolidated net profit

Oberoi Realty has reported results for fourth quarter and year ended March 31, 2014 The company has posted a fall of 26.68% in its net profit at Rs 56.65 crore for the quarter ended March 31, 2014 as compared to Rs 77.27 crore for the same quarter in the previous year. Total income of the company decreased by 18.32% to Rs 160.99 crore for quarter under review as compared to Rs 197.12 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 46.93% fall in its net profit at Rs 77.03 crore for the quarter ended March 31, 2014 as compared to Rs 145.17 crore for the same quarter in the previous year. Total income of the company has declined by 29.90% at Rs 228.49 crore for quarter under review as compared to Rs 325.99 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 9.87% in its net profit at Rs 295.12 crore as compared to Rs 327.47 crore in the previous year. Total income of company dipped by 4.93% at Rs 705.86 crore for year under review as compared to Rs 742.50 crore in the previous year. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 38.37% in its net profit at Rs 311.06 crore as compared to Rs 504.79 crore for the same period in the previous year. Total income of company has decreased by 25.44% at Rs 855.51 crore for year under review as compared to Rs 1147.52 crore in the previous fiscal.