Oberoi Realty Limited: Q3 FY 2018-19 Key Points

Oberoi Realty Limited, a Mumbai based real estate firm has declared its Q3 FY 2018-19 numbers today after the market hours!

The Company’s revenue from operations (standalone basis) comes at INR 149.80 Cr versus INR 263.51 Cr for a period year ago, showing 43.15% decline YoY basis. The company’s revenues were INR 219.48 Cr for the October – December quarter, registering 31.75% decline QoQ basis.

The Company’s net profit for the period ended 31 December 2018 comes at INR 54.51 Cr which was INR 92.81 Cr last year, showing de-growth of 41.27% YoY. The Company’s profit after tax for the last quarter stood at INR 90.01 Cr, showing almost 40% decline QoQ basis.

Company’s consolidated revenue comes at INR 528.62 Cr which was INR 356.20 Cr a period year ago, showing 48.51% growth YoY. The company’s consolidated profit increased 14.75% YoY (INR 137.93 Cr vs INR 120.19 Cr)

Oberoi Realty Limited, headquartered in Mumbai, is India’s leading real estate development company. In the real estate space, the company is an established brand with an impeccable track record.

History: Oberoi Realty was incorporated on May 8, 1998 as a private limited company with the name Kingston Properties Pvt Ltd.

Business: Oberoi Realty focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals. Its primary aim is to build aspirational developments for its customers with distinctive designs, functional aesthetics and quality finishes that translate into landmark projects through its mixed-use and single-segment developments.

USP: The Company uses innovative design, planning initiatives and use of cutting-edge technologies to successfully deliver 42 completed projects across Mumbai, the financial capital of India.

Stock Price Movement

The stock ended 0.60% or INR 2.65 higher to INR 447.75 when the market closed on Tuesday! During the quarter ended 31 December 2018, the share prices of Oberoi Realty Limited has made a low of INR 357 and high of INR 492

HDFC AMC on Technical Charts

The stock prices of Oberoi Realty is trading around 2% lower when compared to its 200 EMA (456) and marginally below when compared to its 50 EMA (449)

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