Oberoi Realty announces Q2FY14 and H1FY14 results

Oberoi Realty Limited, headquartered has announced its results for the Second quarter of FY14 and first half of FY14. The Company has recorded Consolidated Revenue of Rs. 201.67 crore for Q2FY14 as against Rs. 282.70 crore for Q2FY13 and Rs. 441.08 crore for H1FY14 as against Rs. 513.49 crore for H1FY13.

The Consolidated Profit Before Tax for Q2FY14 was Rs. 91.90 crore as against Rs. 167.34 crore for Q2FY13 and Rs. 239.47 crore for H1FY14 as against Rs. 304.97 crore for H1FY13.

The Consolidated Profit After Tax for Q2FY14 was Rs. 64.14 crore as against Rs. 124.36 crore for Q2FY13 and Rs. 165.96 crore for H1FY14 as against Rs. 225.16 crore for H1FY13.

Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said;"Though the overall economic environment continues to remain challenging for the industry at large, we believe this will create opportunities for companies like us who have been financially prudent. Of late, the Mumbai market has experienced some sluggishness in volumes for under construction projects though there continues to be demand for ready projects. With the buoyancy in the stock markets being one of the key drivers of buyer sentiment, we expect the momentum to catch on gradually for the real estate sector and further strengthen our sales."

Highlights of consolidated financials for Q2FY14 and H1FY14:
1.Revenue for Q2FY14 at Rs. 201.67 crore and for H1FY14 at Rs. 441.08 crore

2. Profit Before Tax (PBT) for Q2FY14 at Rs. 91.90 crore and H1FY14 at Rs. 239.47 crore

3. Profit After Tax (PAT) for Q2FY14 at Rs. 64.14 crore and H1FY14 at Rs. 165.96 crore.


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