HIGHLIGHTS of Consolidated Financial results for Q3FY15 and 9MFY15
· Revenue for Q3FY15 at Rs. 219.60 crore and for 9MFY15 at Rs. 590.81 crore
· Profit Before Tax (PBT) for Q3FY15 at Rs. 119.19 crore and 9MFY15 at Rs. 316.72 crore
· Profit After Tax (PAT) for Q3FY15 at Rs. 79.23 crore and 9MFY15 at Rs. 214.10 crore
Mumbai: Oberoi Realty Limited, headquartered in Mumbai, today announced it’s results for the third quarter of FY15 and nine months of FY15. The company has recorded Consolidated Revenues of Rs. 219.60 crore for Q3FY15 as against Rs. 185.95 crore for Q3FY14, a growth of 18.09% and Rs 590.81 crore for 9MFY15 as against Rs. 627.02 crore for 9MFY14.
The Consolidated Profit Before Tax for Q3FY15 is Rs. 119.19 crore as against Rs. 98.32 crore for Q3FY14, a growth of 21.22% and Rs. 316.72 crore for 9MFY15 as against Rs 337.79 crore for 9MFY14.
The Consolidated Profit After Tax for Q3FY15 is Rs. 79.23 crore as against Rs. 68.06 crore for Q3FY14, a growth of 16.40% and Rs. 214.10 crore for 9MFY15 as against Rs. 234.03 crore for 9MFY14.
Commenting on the Q3FY15 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said; “Our Prime Minister Mr Modi's endeavour to put India's economy back on track is now yielding results. The increase in sales volume during this quarter also clearly establishes that the economy is back on the growth path. The recent announcement by the RBI to decrease the interest rates will give a further impetus to the Real Estate Sector. We hope to announce the launch of our Borivali project between March and June. On the back of these developments, we will continue to channelize our efforts to bring greater value to our shareholders.