You are here: Home » Companies » Results
Business Standard

Oberoi Realty Q3 profit up 7% at Rs 148 cr despite decline in net income

Mumbai-based Oberoi Realty is one of the leading real estate developers in the country

Topics
Oberoi Realty

Press Trust of India  |  New Delhi 

Housing inventory of 15 months in Bengaluru, 44 months in Delhi-NCR: Report

has reported 7 per cent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December despite fall in total income.

Its net profit in the year-ago period stood at Rs 137.93 crore.

Total income, however, fell to Rs 536.53 crore in the third quarter of 2019-20 from Rs 548.79 crore in the same period a year ago, according to a regulatory filing.

"The Union Budget and the new RBI policy have paved the path to growth and liquidity. Reputed corporates thrive in challenging times due to their ability to adapt and deliver value to their stakeholders," CMD Vikas Oberoi said.

"We have also seen a marked improvement in buyer interest across all our projects; our diversified businesses also continue to perform well," he added.

Mumbai-based is one of the leading real estate developers in the country.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 08 2020. 12:46 IST
RECOMMENDED FOR YOU
.