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 Realtys 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.
Oberoi Realty Share Price: Oberoi Realty hit an all-time high of Rs 1,616.00 on BSE on Wednesday (May 15, 2024) after the real estate firm reported strong fourth-quarter results a day ago.
The stock that closed at Rs 1,521.45 on Tuesday soared by 6.21 per cent to an all-time high of Rs 1,616.00 on Wednesday.
Oberoi Realty shares were trading higher by 6.32 per cent, or Rs 96.20, at Rs 1,617.65 each at 9:43 am on Wednesday.
Oberoi Realty Q4FY24, YoY, Consolidated 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.
Its margins were 60 per cent in the January-March quarter against 38.3 per cent in Q4 last years.
It was also quite higher than the estimates of 49 per cent.
The board declared a third interim dividend of Rs 2 per share.
The record date for the interim dividend is May 23.
Then Board also declared a final dividend of Rs 2 per share.
The Board approved issuing NCD’s worth Rs 20,000 crore on a private placement basis
It also approved the reappointment of Vikas Oberoi as MD of the company for 5 years ( From December 4, 2024 to December 3, 2029).
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.