Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the first quarter of FY15. The Company has recorded Consolidated Revenue of Rs. 181.85 crore for Q1FY15 as against Rs. 228.49 crore for Q4FY14.
The Consolidated Profit Before Tax for Q1FY15 was Rs. 93.40 crore as against Rs.126.59 crore for Q4FY14.
The Consolidated Profit After Tax for Q1FY15 was Rs. 64.33 crore as against Rs. 77.03 crore for Q4FY14.
The aggregate area booked during the quarter was 67,730 sq ft as against 47,675 sq ft booked in Q4FY14, a growth of ~42%.
The order book stands at Rs 1,535 crore as against Rs 1,509 crore at the end of Q4FY14.
Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said “With the uncertainty of the elections being over, we are seeing a distinct change in sentiments. The new government appears determined to tackle the macroeconomic issues and has begun in right earnest with a focus on infrastructure. The recent policy changes on FDI in real estate and the budget provisions for REITs also indicate a forward thinking approach on the sector. The increase in volumes indicates that the customer is again confident of the ‘India story’. Our pipeline of projects coupled with the positive market conditions, creates an ideal environment for the company to deliver on its potential.”
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