Large-cap realty stock focused on developments in the residential, commercial, hospitality, and infrastructure verticals hit an intra-day high of Rs.1,780 on monday’s trading session surging 6.5 percent from its previous close of Rs.1,671.25.
Q1 Results:
The significant rise in the stock price of Oberoi Realty can be attributed to the substantial increase in revenue and net profit reported in the company’s filings.
In Q1 FY25, Oberoi Realty achieved total revenue of Rs.1,441.95 crore, reflecting a remarkable growth of 54.5 percent compared to Rs.933.56 crore in Q1 FY24.
Furthermore, on a quarter-over-quarter basis, the company experienced a 7.5 percent total revenue decrease, falling to Rs.1,441.95 crore in the quarter ending June 30, 2024 from Rs.1,558.56 crore in the previous quarter.
Oberoi Realty has reported a year on year growth of 82 percent in its net consolidated profit to Rs.584.51 crores in Q1 FY25, compared to Rs.321.64 crores recorded in the same quarter of the previous fiscal year, as reported in their filings with the BSE.
The company’s net profit saw a quarter-on-quarter decline of approximately 26 percent, dropping to Rs.584.51 crores in the quarter ending June 2024, down from Rs.788.03 crores in the preceding quarter.
Additionally, the company achieved an EBITDA of Rs.815.05 crores for Q1 FY25, up from Rs.473.73 crores in the same quarter of the previous fiscal year.
Company plans:
The Board of Directors of Oberoi Realty has announced an interim dividend for the fiscal year 2024-25 at the rate of Rs.2 per equity share, equivalent to 20 percent of the face value of each equity share, which is Rs.10.
Furthermore, August 1, 2024, is fixed as the record date for payment of the interim dividend, and it will be paid starting from August 12, 2024.
Shareholding Pattern:
As per the shareholding pattern of June 2024, the Promoters hold a 67.7 percent stake in the company, Foreign Institutional Investors (FII) hold a 18.15 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 1.86 percent and 12.29 percent stake in Oberoi Realty, respectively.
About the company:
Oberoi Realty Ltd is a real estate development company, headquartered in Mumbai. It is a part of Oberoi Realty Group, focused on developments in the residential, office space, retail, hospitality, and social infrastructure verticals.
Written by – Siddesh S Rakar
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