(MENAFN– ForPressRelease)
Mumbai, October 18, 2024: Oberoi Realty Limited, based in Mumbai, reported its financial results for the first half of FY25. The company saw a booking value of Rs. 2,509.45 crores for H1FY25, up from Rs 1,441.26 crores in H1FY24. The booking value for Q2FY25 was Rs. 1,442.46 crores compared to Rs. 965.01 crores in Q2FY24.
Consolidated revenue for H1FY25 was Rs. 2,800.57 crores, rising from Rs. 2,177.36 crores in H1FY24, with Q2FY25 revenue at Rs. 1,358.62 crores, up from Rs. 1,243.80 crores in Q2FY24.
Profit Before Tax for H1FY25 was Rs. 1,557.50 crores, an increase from Rs. 1,025.12 crores in H1FY24, while Q2FY25 profit before tax was Rs. 782.47 crores, compared to Rs. 598.89 crores in Q2FY24.
Profit After Tax for H1FY25 reached Rs. 1,173.71 crores, up from Rs. 777.45 crores in H1FY24, with Q2FY25 profit after tax at Rs. 589.31 crores, compared to Rs. 456.06 crores in Q2FY24.
Mr. Vikas Oberoi, Chairman & Managing Director, noted that India’s economic growth continues to benefit the real estate sector. He highlighted the launch of ‘Jardin’ at Oberoi Garden City Thane, which features 5 residential towers, with bookings now open for 2. The development spans 75 acres and includes a luxury hotel, private club, and international school.
Oberoi Realty was named one of India’s Top 3 Most Sustainable Companies 2024 by BW Businessworld in real estate, and The Westin Mumbai Garden City won four awards at the IHC-IIHM International Hospitality Day Awards.
About Oberoi Realty Limited:
Oberoi Realty is a leading Indian real estate development company, focused on premium residential, office, retail, hospitality, and infrastructure projects. It aims to create distinctive developments with innovative designs and high-quality finishes, having successfully completed 49 projects across Mumbai.
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