Oberoi Realty posts Rs. 266 cr PAT for Q2

Oberoi Realty Limited on October 29 announced its results for the second quarter of FY22 and first half of FY22.

According to a press release, the company recorded consolidated revenue of Rs. 768.52 crore for Q2FY22 as against Rs. 294.77 crore for Q1FY22. The consolidated revenue for H1FY22 was Rs. 1,063.29 crore as against Rs. 452.14 crore for H1FY21.

The consolidated profit before tax of the company was Rs. 361.94 crore for Q2FY22 as against Rs. 109.63 crore for Q1FY22. For H1FY22, it was Rs. 471.57 crore as against Rs. 208.59 crore for H1FY21.

The consolidated profit after tax was Rs. 266.55 crore for Q2FY22 as against Rs. 80.81 crore for Q1FY22. The consolidated profit after tax for H1FY22 was Rs. 347.36 crore as against Rs. 167.65 crore for H1FY21.

Vikas Oberoi, CMD, Oberoi Realty Limited, said, “All our projects have performed exceptionally well during the last quarter due to the increased awareness of home ownership and clear preference towards reputed and financially stable brands. We are certain that this sales momentum will continue.”