Top Stories

Oberoi Realty's Q2FY24 Financial Performance Review

Oct 28, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Oberoi Realty for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
Oberoi Realty reported a remarkable total income of ₹1,243.80 crores for Q2FY24, demonstrating a significant 33.23% sequentially. On a year-on-year basis, the company exhibited exceptional growth, with a staggering 74.74% surge in total income compared to Q2FY23.

EXPENSES: 
Expenses for Oberoi Realty in Q2FY24 amounted to ₹647.00 crores, reflecting a notable 27.09% increase compared to the preceding quarter. On a year-on-year basis, the company efficiently managed its expenses, showcasing a 52.41% decrease, which is a remarkable achievement.

NET PROFIT: 
The net profit of Oberoi Realty for Q2FY24 reached ₹456.76 crores, displaying an impressive 42.01% increase compared to the preceding quarter. On a year-on-year basis, the company achieved notable growth with a 43.36% increase in net profit, indicating robust financial performance.

MARGINS: 
Oberoi Realty's margin in Q2FY24 was 36.72%, showcasing a positive trend with a 2.27% increase compared to the preceding quarter, Q1FY24. Year-on-year, the company suffered with an 8.04% decrease in margins.

In conclusion, Oberoi Realty's financial performance in Q2FY24 reflects outstanding growth in revenue, profitability, and efficient management of expenses. However, it is worth noting that margins have come down despite increased revenue.

Stay tuned for more detailed updates on Oberoi Realty's financial performance.