Oberoi Realty's net profit jumps 61% to Rs 250 cr in Q4FY20

New Delhi: Mumbai-based Oberoi Realty Ltd’s consolidated net profit jumped 61 percent to Rs 250 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 155 crore in the same quarter of the previous fiscal. 

The consolidated revenue from operations increased 7 percent to Rs 615 crore in the fourth quarter of fiscal 2019-20 as compared to Rs 573 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The company’s consolidated net profit, however, declined 16 percent to Rs 689 crore for the whole fiscal 2019-20 as compared to Rs 816 crore in the previous fiscal. 

The consolidated revenue from operations increased 13 percent to Rs 2,236 crore in the whole fiscal 2019-20 as compared to Rs 2,582 crore in the previous fiscal. 

The consolidated total expenses of the company fell to Rs 276 crore in the fourth quarter of the last fiscal as compared to Rs 378 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company fell to Rs 1,323 crore in the last fiscal as compared to Rs 1,490 crore in the previous fiscal.

Oberoi Realty earned Rs 585 crore through real estate business in fourth quarter of 2019-20 fiscal as compared to Rs 536 crore in the corresponding quarter  of the previous fiscal. It earned Rs 29 crore through hospitality business in fourth quarter of 2019-20 fiscal as compared to Rs 37 crore in the corresponding quarter of the previous fiscal.  

Oberoi Realty earned Rs 2,106 crore through real estate business in the whole of 2019-20 fiscal as compared to Rs 2,445 crore in the previous fiscal. It earned Rs 131 crore through hospitality business in the whole of 2019-20 fiscal as compared to Rs 137 crore in the previous fiscal.  

The company has proposed not to give any dividend for the last fiscal. The company also intends to raise up to Rs 1,500 crore by way of issuance of non convertible debentures (NCDs). The NCDs can be issued on private placement basis in one or more installments.

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