OBEROI REALTY ANNOUNCES 9MFY17 and Q3FY17 RESULTS
Author(s): City Air NewsMumbai, January 25, 2017: Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the nine months of FY17 and third quarter of FY17. The company has recorded Consolidated Revenues of Rs.264.84...
cityairnews
Jan 25, 2017 12:30
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Mumbai, January 25, 2017: Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the nine months of FY17 and third quarter of FY17. The company has recorded Consolidated Revenues of Rs.264.84 crore for Q3FY17 as against Rs.264.67 crore for Q2FY17.
The Consolidated Profit Before Tax for Q3FY17 is Rs. 124.93 crore as against Rs 124.76 crore for Q2FY17.
The Consolidated Profit After Tax for Q3FY17 is Rs. 84.93 crore as against Rs. 83.72 crore for Q2FY17.
Commenting on the Q3FY17 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “2016 came to an eventful close with the move of demonetization which will help clean up the entire system and improve India’s image, thereby attracting more foreign investment. This initiative will create a level playing field for us by removing the unfair advantage that certain unscrupulous players enjoyed. While initially demonetisation did its short-term consequences, we are confident that the sales volume will be more than restored in coming quarters of 2017.
We enter the New Year, hoping for a budget which will give a boost to home-buying and paving the way for the government’s vision of ‘Housing for All by 2022’. This year will also see the implementation of the RERA, which is going to have a huge impact on the future of Real Estate in the country as it will give an equal consideration to all stakeholders in the sector – the customers, the developers and the authorities. As an organization, we look forward to these initiatives and are well positioned to capitalize on all these measures which will accelerate the trend of customers steadily shifting from unorganised developers to organised developers of repute.
Awards & Recognition
· Oberoi Realty was adjudged as the “Best for Investor Relation” & “Best for Disclosure and Transparency” by Asiamoney Corporate Governance Poll India – 2016
· Exquisite by Oberoi Realty received “Iconic Residential Project - Western Mumbai at the Mid-Day Real Estate Icons 2016
· Sky City was adjudged as the ‘Residential Property of the Year’ at Realty Plus Excellence Awards, 2016
