Oberoi Realty Limited has released its financial results for the first half and second quarter of FY25, showcasing impressive growth across key metrics. The company reported a booking value of ₹2,509.45 crores for H1FY25, a significant increase from ₹1,441.26 crores in the same period last year. For Q2FY25, the booking value reached ₹1,442.46 crores, compared to ₹965.01 crores in Q2FY24.
The consolidated revenue for H1FY25 stood at ₹2,800.57 crores, up from ₹2,177.36 crores in H1FY24. Revenue for Q2FY25 also saw an increase, totaling ₹1,358.62 crores versus ₹1,243.80 crores in Q2FY24.
Profit Before Tax (PBT) for H1FY25 was reported at ₹1,557.50 crores, compared to ₹1,025.12 crores for H1FY24. The PBT for Q2FY25 reached ₹782.47 crores, up from ₹598.89 crores in the previous year. Profit After Tax (PAT) followed suit, with H1FY25 PAT at ₹1,173.71 crores, a rise from ₹777.45 crores in H1FY24, and Q2FY25 PAT at ₹589.31 crores compared to ₹456.06 crores in Q2FY24.
Mr. Vikas Oberoi, Chairman & Managing Director of Oberoi Realty, commented on the results, stating, “India’s economic growth story continues to captivate the world, and the real estate sector has been a key beneficiary of this positive momentum. We are pleased to report another strong quarter driven by healthy residential sales momentum and robust operating performance across our annuity assets.”
Highlighting recent developments, Oberoi Realty launched the first phase of ‘Jardin’ at its integrated development, Oberoi Garden City, Thane. This phase includes five residential towers, with bookings now open for two of them. The project aims to set a new benchmark in luxury living, featuring world-class amenities and facilities such as a 5-star JW Marriott Hotel and an Oberoi International School.
The company also received accolades, being recognized by BW Businessworld as one of India’s Top 3 Most Sustainable Companies in the real estate sector for 2024. Additionally, The Westin Mumbai Garden City won four awards at the IHC-IIHM International Hospitality Day Awards.
With a robust launch pipeline and a commitment to delivering exceptional living experiences, Oberoi Realty is well-positioned to capitalize on the growing demand for premium residential properties.
Also Read: Oberoi Realty Conferred as ‘ESG Champions of India 2024’ by Dun & Bradstreet
