Oberoi Realty reported a decrease of 48.74% in its combined net profit for the quarter ending December 30, 2023. The profit after tax was Rs 360.15 crore in Q3 FY24, down from Rs 702.57 crore in the same quarter last fiscal, according to a BSE filing.
The company’s total income for Q3 FY24 was Rs 1,082.85 crore, a 34.43% decline from Rs 1,651.50 crore in the corresponding quarter the previous year.
During the quarter, the board declared an interim dividend of Rs. 2 per equity share (20% of face value) for the fiscal year 2023-2024. This dividend has been paid to eligible members since November 20, 2023.
As of December 30, 2023, Oberoi Realty’s net worth was Rs 13,129.42 crore, with a debt-equity ratio of 0.23, current liability ratio of 0.57, total debts to total assets ratio of 0.15, operating margin of 48.34%, and net profit margin of 33.26%.
In the quarter ending December 31, 2023, the company redeemed the entire Series I NCDs amounting to Rs 50 crore on its scheduled redemption date of December 16, 2023.
| Metric | Q3 FY24 |
|---|---|
| Combined Net Profit (in crore) | Rs 360.15 |
| Change in Net Profit | -48.74% decrease |
| Total Income (in crore) | Rs 1,082.85 |
| Change in Total Income | -34.43% decline |
| Interim Dividend Declared | Rs 2 per equity share |
| Net Worth (as of December 30, 2023, in crore) | Rs 13,129.42 |
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