Oberoi Realty Announces Q2 FY20 Result And H1 FY20 Results

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Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the second quarter of FY20 and first half of FY20. The Company has recorded Consolidated Revenue of Rs. 505.09 crore for Q2FY20 as against Rs. 618.10 crore for Q1FY20 and Rs. 1,123.19 crore for H1FY20. The Consolidated Profit Before Tax was Rs. 192.08 crore for Q2FY20 as against Rs. 216.32 crore for Q1FY20 and Rs. 408.40 crore for H1FY20. The Consolidated Profit After Tax was Rs. 138.07 crore for Q2FY20 as against Rs. 152.07 crore for Q1FY20 and Rs. 290.14 crore for H1FY20. Commenting on the Q2FY20 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “In the last quarter Modiji’s 2.0 government has taken a series of significant measures to boost the economy such as incentives for affordable housing, interest rate reduction and a corporate tax cut. We are confident that this government will continue to take similar requisite steps for the real estate sector to accelerate growth and the economy. Corporate India is also doing its best in creating an environment of confidence amongst all stakeholders. At Oberoi Realty, the sustained faith of our customers has resulted in the consistent performance of all our projects. With a strong pipeline of projects and focus on execution and delivery, we will continue to create and enhance value for all our shareholders.”