Wed, May 15, 2024
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.
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Fri, Jan 29, 2021
Oberoi Realty surprised positively as revenue jumped to 1.5x/2.6x YoY/QoQ. Booking value also jumped to Rs 9.7 bn during the quarter (vs 3.3 bn in Q3 FY20). We expect the momentum to continue for ORL, given the stamp duty cut, low- interest rate, strong brand recognition and market consolidation. Residential launches remain on track to hit the market from Q4 FY21 in Borivali, Goregaon and Thane. Platform deals for commercial assets are off-the table for the time being.
Wed, Jan 27, 2021
Oberoi Realty Q3 Review: Jefferies has raised FY21/22/23 earnings by 17%/4%/6% on higher sales. Jefferies set their target at NAV of Rs 668 (Rs 682, remove platform upside). It has maintained BUY on Oberoi Realty with new launches and price increments as triggers. Oberoi Realty's multi-year-high sales and P&L performance in Q3 has boosted management's confidence in the residential business with pricing improvement and new launches likely over the next year.
Fri, Jan 27, 2017
Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, "While initially demonetisation did its short-term consequences, we are confident that the sales volume will be more than restored in coming quarters of 2017."
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