Oberoi Realty hit all-time high on the back of strong operational Q4 results
The real estate firm reported better than Zee Business research estimate results as its profit after tax (PAT) soared by 64.1 per cent to Rs 788 crore in Q4 compared to Rs 480.3 crore in the same quarter last fiscal. It was above analyst estimates of Rs 500 crore. Its revenue from operations jumped by 36.8 per cent to Rs 1,314.8 crore in the quarter under review against Rs 961.4 crore YoY, below research estimates of Rs 1,450 core. Oberoi Realty's EBIDTA soared by 2.1X to Rs 788.6 crore in the fourth quarter compared to Rs 368.7 crore YoY. It was also above research estimates of Rs 710 crore.
The Board of Oberoi Realty declared a third interim dividend of Rs 2 per share. Photo: Oberoi Realty Official website/Representational