Oberoi Realty on Saturday posted 34.8 per cent increase in net profit to Rs. 185.39 crore for the quarter ended December 31.
The real estate developer had posted a net profit of Rs. 137.48 crore in the year-ago period. The total revenues for the period stood at Rs. 308.03 crore, a 41.7 per cent increase, as compared to Rs .217.34 crore in the corresponding period last year.
“There continues to be demand of quality projects by reputed developers at the right price. We have managed to keep our order book robust and our steady growth is a reflection of the confidence that our stakeholders have in Oberoi Realty,” Oberoi Realty Chairman and Managing Director Vikas Oberoi said in a statement. He said they continue to be financially prudent and explore the right opportunities to acquire land that make business sense for the company. The Oberoi Mall contributed Rs. 20.23 crore to the operating revenue for the period as against Rs. 19.70 crore in the third quarter. — PTI