The shares of this real-estate company gained up to 5 percent after the company announced its first Luxury Residential project, Forestville in Kolshet.
Oberoi Realty Ltd is a Large-cap with a market capitalization of Rs 51,131.56 Crore. On Tuesday, the shares closed at Rs 1,406.25 a share, an increase of 4.18 percent from the previous close price.
According to the company filing, Oberoi Realty Ltd announced the launch of its first Luxury Residential project, Forestville in Kolshet. Oberoi Realty has launched the first phase of this development consisting of 3 towers. The apartments at Forestville will comprise predominantly spacious 3-bedroom apartments starting from 1090 sq. ft. at ~ Rs. 1.87 crores onwards.
Looking into the company’s finances, Oberoi Realty Ltd’s revenue increased by 76.79 percent from Rs 688.59 Crore in Q2FY23 to Rs 1,217.41 Crore in Q2FY24. During the same period, net profits increased by 108 percent from Rs 218.04 crore to Rs 454.67 crore.
The stock has delivered a return of 51.69 percent in six months and 55.93 percent in a year.
Oberoi Realty Ltd reported an increase in return ratio from the previous financial year, a return on equity (ROE) increased from 10.58 percent to 16.83 percent and a return on capital employed (ROCE) increased from 11.91percent to 16.26 percent.
Oberoi Realty Ltd’s recent shareholding pattern, The Promoters of the company own 67.7 percent while Retail shareholders own a 2.85 percent stake in the company and Foreign Institutional Investors own a 17.83 percent stake.
Oberoi Realty Ltd is a real estate development company that specializes in projects in the social infrastructure, retail, office, hotel, and residential verticals.
Written by:- Abhishek Singh
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