This Article is From May 01, 2015

Oberoi Realty Q4 Net Up 34% to Rs 103 Crore

New Delhi: Oberoi Realty Ltd today reported 34 per cent increase in consolidated net profit at Rs 103.02 crore for the quarter ended March 31, 2015.

The company's consolidated net profit stood at Rs 77.03 crore in the year-ago period.

The consolidated revenue rose to Rs 349.33 crore for January-March quarter of 2014-15 fiscal as against Rs 228.49 crore in the year-ago period.

"The consolidated profit after tax for 2014-15 is Rs 317.12 crore as against Rs 311.06 crore for FY14," Mumbai-based firm said in a statement.

It recorded a revenue of Rs 940.16 crore for 2014-15 as against Rs 855.52 crore in 2013-14.

"Total area booked for 2014-15 was 10.34 lakh sq ft as against 2.79 lakh sq ft booked in 2013-14 and the total value was Rs 1,761.27 crore for 2014-15 as against Rs 661.76 crore for 2013-14," the statement said.

Oberoi Realty Chairman & Managing Director Vikas Oberoi said, "We have also witnessed very good pick up in sales volumes across all projects in the last year and now look forward to launching our Borivali project soon".

The company has a total of 35 completed projects across Mumbai.