Oberoi Realty Ltd share Price Today

Oberoi Realty announced Q2FY24 & H1FY24 results:

• Q2FY24:
  • Consolidated Revenue for Q2FY24 is Rs 1,243.80 crore as against Rs 933.56 crore for Q1FY24.
  • Consolidated Profit Before Tax for Q2FY24 is Rs 598.89 crore as against Rs 426.22 crore for Q1FY24.
  • Consolidated Profit After Tax for Q2FY24 is Rs 456.06 crore as against Rs 321.36 crore for Q1FY24.
• H1FY24:
  • The Company has recorded Consolidated Revenue of Rs 2,177.36 crore for H1FY24 as against Rs 1,646.60 crore for H1FY23.
  • Consolidated Profit Before Tax for H1FY24 is Rs 1,025.12 crore as against Rs 904.64 crore for H1FY23.
  • Consolidated Profit After Tax is Rs 777.45 crore for H1FY24 as against Rs 722.01 crore for H1FY23

Vikas Oberoi, Chairman & Managing Director, Oberoi Realty, stated, "India has sustained its growth momentum and emerged as the fastest-growing major economy in this fiscal year. Despite the headwinds from renewed geo-political tensions and sluggish global demand, India's macroeconomic outlook is optimistic and firmly bolstered by strong domestic fundamentals."

We believe the real estate market will continue its upward trajectory through consistently surging demand for established brands, spacious apartments, and a desire for home ownership. We expect strong demand in retail, driven by the festive season and increased consumer confidence. As one of India's largest real estate brands, we are excited about our much-awaited foray into Thane as we launch our first residential project that follows the tenets of New Urbanism and offers aesthetically designed homes and a positive lifestyle upgrade."
 

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