Post lockdown period exceptionally kind to Oberoi Mall in Mumbai

New Delhi: Post lockdown period has been exceptionally kind to Oberoi Mall, a mall in Mumbai. The retail property asset has clocked better operating revenues EBITDA and EBITDA margins in the October-December quarter of 2020 as compared to the same period of the previous year.

The operating revenues of the mall, develped by Oberoi Realty, jumped 22 percent in the third quarter of the current fiscal as compared to the corresponding quarter of the previous fiscal. The operating revenues jumped to Rs 49.9 crore from Rs 40.9 crore. Similarly, the EBITDA went up 24 percent to Rs 48.5 crore from Rs 39 crore in the same time periods.

The EBITDA margins, as a percentage, went up to 97.07 percent in the third quarter of the current fiscal as compared to the corresponding quarter of the previous fiscal.

However, for its commercial project ‘Commerz’, the realty firm took a beating of 8 percent in operating revenues. The project had operating revenues of Rs 6.13 crore in the third quarter of the current fiscal as compared to Rs 6.68 crore in the previous fiscal, according to an investor presentation by the company.    

          

 

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