Oberoi Realty rose 1.55% to Rs 284.60 at 12:11 IST on BSE after consolidated net profit rose 23.7% to Rs 79.57 crore on 18.7% rise in total income to Rs 215.78 crore in Q1 June 2015 over Q1 June 2014.
The result was declared on Saturday, 18 July 2015.
Meanwhile, the BSE Sensex was down 118.54 points, or 0.42%, to 28,345.18
On BSE, so far 46,088 shares were traded in the counter, compared with an average volume of 40,344 shares in the past one quarter.
The stock hit a high of Rs 295 and a low of Rs 283 so far during the day. The stock hit a record high of Rs 334 on 24 February 2015. The stock hit a 52-week low of Rs 203.05 on 16 October 2014.
The mid-cap company has an equity capital of Rs 328.28 crore. Face value per share is Rs 10.
Oberoi Realty said that the aggregate area booked for Q1 June 2015 was 0.81 lakh sq ft as against 0.68 lakh sq ft booked in Q1 June 2014. The order book was Rs 2705 crore at the end of Q1 June 2015 as against Rs 1535 crore at the end of Q1 June 2014.
Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty said that the state government's 'Make in Maharashtra' initiative and its focus on seeking FDI for the state coupled with a strong focus on Mumbai's infrastructure by fast-tracking key projects like the Mumbai Metro, the proposed Coastal Road will improve quality of life for people living in Mumbai and become key drivers for increased demand in the city. With these stimulus to growth and Oberoi Realty's continued focus on timely delivery and quality products, the company is also gearing up to launch its project in Borivali by September 2015, Vikas Oberoi said.
Oberoi Realty is India's leading real estate development company, headquartered in Mumbai, focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.
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