Oberoi Realty Ltd’s net profit tanks 82% to Rs 28 cr in Q1FY21

New Delhi: Oberoi Realty Ltd’s consolidated net profit tanked 82 percent to Rs 28 crore in the first quarter of the current fiscal as compared to Rs 152 crore in the same quarter of the previous fiscal. 

The consolidated revenue from operations nosedived 80 percent to Rs 118 crore in the first quarter of the current fiscal as compared to Rs 603 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The profit before tax for the first quarter of the current fiscal stood at Rs 39.78 crore  as compared to Rs 216 crore in the corresponding period of the previous fiscal.

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