Oberoi Realty’s profitability drops in Q1FY17

Oberoi Realty has declared its Q1FY17 results on August 19 after market hours. The company’s revenue has increased by 49.82 per cent to Rs 253 crore in Q1FY17 as compared to same period in previous fiscal. Its EBITDA too has risen by 31.29 per cent to Rs 136 crore in Q1FY17 on a yearly basis. Oberoi Realty’s EBITDA margin has contracted by 737 basis points to 53.81 per cent in Q1FY17 as compared to same period in previous financial year. The company’s net profit has declined by 30.31 per cent to Rs 92.8 crore in Q1FY17 on a yearly basis as other income has dropped by 82.14 per cent to Rs 13.21 crore during the quarter.

On the segmental revenue front, Oberoi Realty has earned 88.61 per cent from Real Estate; and remaining 11.39 per cent from Hospitality during Q1FY17.

The share price of Oberoi Realty has declined by 2.14 per cent on bourses; and closed at Rs 297.9 on an intraday basis.

Oberoi Realty is engaged in real estate development. The company is focused on developments in the residential, office space, retail, hospitality and social infrastructure verticals. It operates in two segments viz. real estate and hospitality. Oberoi Realty has developed over 36 projects. Its projects include Oberoi Exquisite and Esquire.