This Article is From Jan 15, 2016

Oberoi Realty Posts Two-Fold Jump in Q3 Profit

Oberoi Realty Posts Two-Fold Jump in Q3 Profit
New Delhi: Oberoi Realty on Friday reported a more than two-fold jump in consolidated net profit at Rs 209.35 crore for the quarter ended December 31, 2015, on higher sales.

The company had registered a net profit of Rs 79.23 crore for the corresponding period a year ago.

Total income has increased to Rs 790.33 crore for the October-December quarter of fiscal year 2015-16 from Rs 219.6 crore in the corresponding period of the previous year, the Mumbai-based developer said in a filing to the BSE.

The company has developed about 40 projects at strategic locations across the Mumbai skyline aggregating about 9.18 million square feet.

Another 20.61 million square feet is under construction.