Oberoi Realty Limited announced its results for the nine months of FY18 and third quarter of FY18.
The company has recorded Consolidated Revenues of Rs. 360.36crore for Q3FY18 as against Rs.264.65crore for Q3FY17 and Rs. 939.17 crore for 9MFY18 as against Rs. 859.02 crore for 9MFY17.
The Consolidated Profit Before Tax for Q3FY18 is Rs. 183.73croreas against Rs. 125.43crore for Q3FY17 and Rs. 470.87crore for 9MFY18 as against Rs. 414.39crore for 9MFY17.
The Consolidated Profit After Tax for Q3FY18 is Rs.120.19 crore as against Rs. 84.72crore for Q3FY17 and Rs. 315.88 crore for 9MFY18 as against Rs. 276.78crore for 9MFY17.
Commenting on the Q3FY18 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “2017 was the year of formalisation of the Indian economy with key reforms such as demonetisation, GST and RERA being implemented. We are optimistic that these initiatives and the upcoming budget will boost the economy and further improve customer confidence and market sentiment.
With the state of Maharashtra being at the forefront of implementation of RERA coupled with a strong focus on Mumbai’s infrastructure to improve quality of life for Mumbaikars, we are confident that the city will witness an increase in demand. With this stimulus to growth and our continued focus on delivering quality products in Mumbai, we believe that Oberoi Realty is well-placed to capitalise on these opportunities.