Oberoi posts Rs 80 cr PAT for Q1FY22

Oberoi Realty on July 30 announced its results for the first quarter of FY22. The company has recorded consolidated revenue of Rs. 294.77 crore for Q1FY22 as against Rs. 126.86 crore for Q1FY21 and Rs. 800.87 crore for Q4FY21.

The consolidated profit before tax for Q1FY22 was Rs. 109.63 crore as against Rs. 39.78 crore for Q1FY21 and Rs. 354.86 crore for Q4FY21.

The consolidated profit after tax for Q1FY22 was Rs. 80.81 crore as against Rs. 29.27 crore for Q1FY21 and Rs. 287.47 crore for Q4FY21.

Commenting on the Q1FY22 results, Vikas Oberoi, CMD, Oberoi Realty Limited, said, “The real estate sector is undergoing major consolidation as very few developers have the financial stability to undertake large capital-intensive projects. Therefore, the market share of reputed brands with strong executional capabilities will continue to grow. This places Oberoi Realty in an exceptional position to leverage our strong financial governance and deliver value to all our stakeholders.