Oberoi Realty Reports Strong Q3 FY24-25 Results Amid Rising Interest Costs

Jan 20 2025 08:15 PM IST
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Oberoi Realty has announced its financial results for Q3 FY24-25, reporting a Profit After Tax of Rs 1,207.82 crore, a 47.85% year-on-year increase. The company achieved its highest Profit Before Tax at Rs 761.09 crore and net sales of Rs 1,411.08 crore, despite facing rising interest costs.
Oberoi Realty, a key player in the construction and real estate sector, has recently released its financial results for the third quarter of FY24-25, showcasing notable developments. The company's Profit After Tax (PAT) for the half-year period reached Rs 1,207.82 crore, reflecting a substantial year-on-year growth of 47.85%. This performance suggests a strong near-term outlook for the company.

In terms of profitability, Oberoi Realty achieved its highest Profit Before Tax (PBT) at Rs 761.09 crore for the quarter, indicating consistent growth over the last five quarters. Additionally, net sales peaked at Rs 1,411.08 crore, highlighting a favorable sales trend. The operating profit, measured as PBDIT, also reached a high of Rs 856.14 crore, underscoring the company's solid financial health.

However, the company is encountering challenges with rising interest costs, which surged by 44.14% quarter on quarter to Rs 74.52 crore. This increase in interest expenses may suggest a potential rise in borrowings, which could influence future financial dynamics. Overall, Oberoi Realty's recent financial results reflect a mix of strengths and challenges in its current operations.

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