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Project pipeline to keep revenue trajectory strong for Oberoi Realty

Robust sales traction in Q3 helped bring down high levels of inventory

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Oberoi Realty | Real Estate

Ram Prasad Sahu  |  Mumbai 

Project pipeline to keep revenue trajectory strong for Oberoi Realty

The stock of Mumbai-based realty major was up 3.8 per cent in trade on Monday after its December quarter (Q3FY22) operational performance came in much ahead of expectations. Sales for the country’s third largest listed developer was 137 per cent higher than September quarter and doubled as compared to the year ago quarter. While the company sold units worth at Rs 1,965 crore, estimates had pegged the same at Rs 1,300 crore. The total sales for FY22 so far have been at Rs 3,000 crore with volumes at 1.58 million square feet.

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First Published: Mon, January 10 2022. 17:52 IST
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