New Delhi, 29 April (IANS). Oberoi Realty, one of the country’s largest real estate companies, closed at Rs 1,624.70 on Tuesday, a shares of Oberoi Realty, or Rs 32.10.
The decline in the stock of Oberoi Realty is believed to be a 45 percent decrease in consolidated net profit in the fourth quarter of FY 25.
According to the information given to the Bombay Stock Exchange (BSE), the net profit of Oberoi Realty in the January-March quarter was Rs 433.17 crore, compared to Rs 788.03 crore in the same period of the previous financial year.
The huge decline in profits is mainly due to an increase in land acquisition costs and a decrease in operational income.
The land acquisition cost of Oberoi Realty in the March quarter of FY 25 has increased by 207 percent to Rs 587 crore, compared to Rs 191 crore a year ago.
Despite the strong presence in the market, the increase in cost affected the company’s profits.
The company’s operational income has come down by 12.5 percent to Rs 1,150.14 crore in the fourth quarter, which was Rs 1,314.77 crore in the same quarter of the previous financial year.
The EBITDA of Oberoi Realty declined by 21.7 percent to Rs 617.8 crore on an annual basis in the fourth quarter of FY 25, which was Rs 788.9 crore in the same period of the previous financial year.
The company’s EBITDA margin has come down to 53.7 percent in the fourth quarter of FY 25, which was 60 percent in the same period of the previous financial year.
With the quarterly results, the company also declared its fourth interim dividend for the financial year 2024-25.
Oberoi Realty announced a dividend of Rs 2 per equity share for all eligible shareholders. The company has set a record date for this dividend payment 5 May.
-IANS
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