Oberoi Realty Q2 Net Up 3% at Rs 72.44 Crore

Oberoi Realty Ltd today reported a marginal rise in consolidated net profit at Rs 72.44 crore for
the quarter ended September 30.

Its net profit stood at Rs 70.54 crore in the year-ago period, Mumbai-based developer said in a statement.

Income from operations rose to Rs 189.21 crore during July-September quarter of the current fiscal from Rs 185.52 crore in the corresponding period of the previous fiscal.

The aggregate area booked for second quarter of this fiscal was 0.63 lakh sq ft as against 0.41 lakh sq ft booked in the same period last fiscal. The order book stands at Rs 2,723 crore as against Rs 1,528 crore at the end of April-September last fiscal.

"The recent launch of the project Sky City in Borivali has received overwhelming response...Another recent highlight was the appointment of Bouygues Batiment International as the contractor for Eternia & Enigma projects at Mulund.

"With these developments, the company is now well-poised to take advantage of the improving market sentiments and deliver on its potential," company's CMD Vikas Oberoi said.

Oberoi Realty has a total of 36 completed projects across Mumbai.