Oberoi Realty Limited, headquartered in Mumbai has announced its results for the nine months of FY19 and third quarter of FY19. The company has recorded Consolidated Revenues of Rs. 548.79 crore for Q3FY19 as against Rs.360.36 crore for Q3FY18 and Rs. 2,063.95 crore for 9MFY19 as against Rs. 939.17 crore for 9MFY18.
The Consolidated Profit Before Tax for Q3FY19 is Rs. 195.24 crore as against Rs. 183.73 crore for Q3FY18 and Rs. 957.50 crore for 9MFY19 as against Rs. 470.87 crore for 9MFY18.
The Consolidated Profit After Tax for Q3FY19 is 137.93 crore as against Rs.120.19 crore for Q3FY18 and Rs. 661.17 crore for 9MFY19 as against Rs. 315.88 crore for 9MFY18.
Commenting on the Q3FY19 results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “2018 was a year of transformation for the real estate industry in more ways than one. On the one hand it evolved to adapt to the path-breaking reforms of the government and rapidly changing market dynamics. On the other hand, the NBFC crisis also created its own turmoil for many players in the sector. While RERA has already started the consolidation process, NBFC will become the catalyst for accelerating the same.”
