Oberoi Realty Posts 16% Rise in Q3 Profit

New Delhi: Oberoi Realty Ltd on Friday reported a 16 per cent increase in consolidated net profit at Rs 79.23 for the quarter ended December 2014, on higher sales.

The company had registered a net profit of Rs 68.06 crore for the corresponding period a year ago.

Total income rose to Rs 219.6 crore in the third quarter of this fiscal year from Rs 185.95 crore in the corresponding period of the previous year, Mumbai-based Oberoi Realty said in a filing to the BSE.

Net sales increased 28 per cent to Rs 215.73 crore as against Rs 169 crore in the year-ago period.

Oberoi Realty has completed more than 35 projects across Mumbai.