Oberoi Realty Limited, headquartered in Mumbai, has announced its results for the first quarter of FY19. The company has recorded Consolidated Revenues of Rs. 895.38 crore for Q1FY19 as against Rs. 352.84 crore for Q4FY18 and Rs. 270.32 crore for Q1FY18.
The Consolidated Profit Before Tax for Q1FY19 was Rs. 454.39 crore as against Rs. 178.66 crore for Q4FY18 and Rs. 131.91 crore for Q1FY18.
The Consolidated Profit After Tax for Q1FY19 was Rs. 309.42 crore as against Rs. 142.92 crore for Q4FY18 and Rs. 91.37 crore for Q1FY18.
The order book stands at Rs. 4,429.62 crore at the end of Q1FY19 as against Rs. 5,360.82 crores at the end of Q4FY18 and Rs. 5,043.07 crore at the end of Q1FY18.
Commenting on the Q1FY19 results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said “The year has started well for Oberoi Realty with successful closure of the QIP; this is a reflection of the faith reposed by our investors in us. In the last 6 months we have delivered over 23 lakh sq. ft. area and in the last quarter itself we have handed over possession of two residential projects – Esquire and Prisma in time much to the delight of our customers.
We understand owning an Oberoi Realty home is a dream for every aspirational home buyer; hence to make our homes more accessible, we have revised our business strategy to introduce innovative financial terms for our projects in OGC and Mulund. The response has been very heartening. With customer centricity at the core of our operations, we will continue to innovate and create value for all our stakeholders.”
Awards & Recognition Oberoi realty recognized as “Integrated property development of the year-Western India” at the Real estate excellence awards
Oberoi Mall received the following awards at the National Awards for Marketing Excellence presented by Times Now “Best Thematic Decoration-Jingle All The Way To Switzerland”, “Most Admired Green Shopping Mall of the Year” and “Shopping Mall of the Year (Retailer’s Choice)”.
