Buy a Property or Buy Oberoi Realty Stocks - You will win!!!
📅 October 19, 2024
Oberoi Realty has got the best mix of Portfolio. With its constant launches of new Towers both in Goregaon, Thane markets and the steady income from Malls and Commerz of Rent is helping the Company steadily grow. Oberoi Garden City, Thane launch is the newest for Oberoi Realty Ltd and it has taken off very well. As per the real estate local brokers in the launch date of mid October they have sold nearly 220 + Flats which gives a flying start to Oberoi in Thane market. Oberoi has huge land parcels in Thane. The residual inventory in Sky City and Oberoi 360 and incoming times the Ritz Carlton shall start giving revenue to Oberoi Realty Ltd. There project in Gurgaon is yet to take off, but there is a lot in stock for the Company to review.
Investors in the past starting from the year 2001 have minted money in Oberoi Realty Ltd properties in Mumbai and the same goes for the Oberoi Realty Stock which is touching new highs every few months.
Key Highlights of Oberoi Realty's Q2 FY25 Performance:
Profit Growth:
- Oberoi Realty reported a 29.05% growth in net consolidated profit in Q2 FY25, with a profit after tax of 589.44 crore, compared to 456.76 crore in the same quarter last year.
Total Income:
- The company's net consolidated total income increased by 9.23%, reaching 1,358.62 crore in Q2 FY25, compared to 1,243.80 crore in Q2 FY24.
Dividend Announcement:
- The board declared a second interim dividend of ?2 per equity share for FY 2024-25.
Debt and Capital Measures:
- Oberoi Realty redeemed 70 crore
