Oberoi Realty Limited Reports Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended on March 31, 2019
May 11, 2019 at 01:41 am EDT
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Oberoi Realty Limited reported audited consolidated and standalone earnings results for the fourth quarter and full year ended on March 31, 2019. For the quarter, on consolidated basis, the company reported revenue of INR 5,973.0 million compared to INR 3,528.4 million a year ago. Profit after tax (PAT) was INR 1,557.6 million compared to INR 1,429.2 million a year ago. Revenue from operations was INR 5,735.1 million compared to INR 3,449.7 million a year ago. Basic EPS was INR 4.28 compared to INR 4.21 a year ago.
For the full year, on consolidated basis, the company reported revenue of INR 26,612.5 million compared to INR 12,920.1 million a year ago. Profit after tax (PAT) was INR 8,169.3 million compared to INR 4,588.0 million a year ago. Revenue from operations was INR 25,825.0 million compared to INR 12,654.3 million a year ago. Basic EPS was INR 22.80 compared to INR 13.51 a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 1,801.4 million compared to INR 2,613.7 million a year ago. Total income was INR 1,942.5 million compared to INR 2,730.0 million a year ago. Net profit for the period was INR 631.1 million compared to INR 953.4 million a year ago. Basic EPS was INR 1.74 compared to INR 2.81 a year ago.
For the full year, on standalone basis, the company reported revenue from operations of INR 10,286.6 million compared to INR 9,742.2 million a year ago. Total income was INR 11,582.9 million compared to INR 10,833.4 million a year ago. Net profit for the period was INR 4,537.0 million compared to INR 4,171.6 million a year ago. Basic EPS was INR 12.66 compared to INR 12.28 a year ago.
Oberoi Realty Limited is an India-based company, which is engaged in the business of real estate development. The Company develops residential, commercial, retail and social infrastructure projects. The Company operates through two segments: Real Estate and Hospitality. The Real Estate segment develops and sells residential properties and leases commercial properties. The Hospitality segment is engaged in the business of owning and operating the hotel. It has developed approximately 43 projects at locations across the Mumbai skyline aggregating about 9.34 million square feet of space. Its residential projects include Maxima by Oberoi Realty, Oberoi Splendor, Oberoi Splendor Grande, Prisma by Oberoi Realty, Oberoi Sky Heights and others. Its commercial projects include Oberoi Chambers, Commerz and Commerz II. Its retail project includes Oberoi Mall. Its social infrastructure project includes Oberoi International School. Its hospitality project includes The Westin Mumbai Garden City.