Oberoi Realty posts good set of numbers
Mumbai-based realty firm Oberoi Realty reported its third quarter of FY18 on Tuesday. Oberoi Realty consolidated revenue for the quarter came in at Rs. 356.2 crore, registering 41.3 per cent yoy increase. This was primarily driven by 47 per cent yoy jump in real estate business which contributes around 90 per cent of total revenue.
EBITDA for the quarter rose by 52.6 per cent yoy to Rs. 192.62 crore with a corresponding margin expansion of 403 bps. EBITDA margin for the quarter stood at 54.1 per cent. This margin expansion was partly aided by lower employee cost in the quarter as against in Q3FY17.
The PAT for the quarter came in at Rs. 120.2 crore, yoy increase of 41.9 per cent.
The stock of Oberoi Realty today is trading at positive mark and touched day high of Rs. 547.95 as against previous close of Rs. 526.05. Currently, the stock is trading at Rs. 534.3, up by 1.6 per cent.