Embassy REIT's net operating income grows 30% to Rs 624 crore in Q2

PAT declined 15.5% from Rs 232 crore in the September quarter last year to Rs 196 crore in the same quarter this year

Embassy REIT on Friday said that its net operating income grew 30 per cent to Rs 624 crore in the quarter ended September on a year on year basis. Revenue from operations shot up 36 per cent to Rs 7,352 crore in Q2 of FY22 compared to last year, whereas EBITDA grew 28 per cent to Rs 6,053 crore.

However, profit after tax (PAT) declined 15.5 per cent from Rs 232 crore in the September quarter last year to Rs 196 crore in the same quarter this year.

Embassy REIT’s board declared that it will distribute Rs 537 crores or Rs 5.66