Oberoi Realty Limited on October 17 announced its results for the second quarter of FY21 and first half of FY21. The company has recorded consolidated revenue of Rs. 325.28 crore for Q2FY21 as against Rs.505.09 crore for Q2FY20.
The consolidated profit before tax was Rs. 168.81 crore for Q2FY21 as against Rs.192.08 crore for Q2FY20, said a press release issued by the Mumbai-headquartered developer.
The consolidated profit after tax was Rs. 138.38 crore for Q2FY21 as against Rs.138.22 crore for Q2FY20.
Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited, said, “The COVID-19 pandemic has made home buyers realise the importance of owning a home that takes care of all the needs and safety of every family member. The customers have clearly indicated their preference to deal with developers with strong brand equity, financial stability and a proven track record of construction quality and delivery. These changes in customer preferences and consolidation in the real estate sector have led to a major transformation. In addition, the measures announced by the Central and state governments and the RBI have also contributed to creating a positive sentiment.”