OBEROI REALTY ANNOUNCES Q2FY18 and H1FY18 RESULTS

HIGHLIGHTS of Consolidated Financials for Q2FY18 and H1FY18 • Revenue for Q2FY18 at Rs. 308.49 crore and for H1FY18 at Rs. 578.81 crore • Profit Before Tax (PBT) for Q2FY18 at Rs. 154.36crore and for H1FY18 at Rs. 285.54 crore • Profit After Tax (PAT) for Q2FY18 at Rs. 104.32 crore and for H1FY18 at Rs. 195.69 crore
Mumbai,
October 16, 2017: Oberoi Realty Limited, headquartered in
Mumbai, today announced its results for the second quarter of FY18 and first
half of FY18. The Company has recorded Consolidated Revenue of Rs.308.49crore
for Q2FY18 as against Rs. 264.42 crore for Q2FY17 and Rs. 578.81 crore for H1FY18
as against Rs. 594.39 crore for H1FY17.

The Consolidated Profit
Before Tax was Rs. 154.36crore for Q2FY18 as against Rs. 124.51crore for Q2FY17
and for H1FY18 was Rs.285.54 crore as against Rs.287.34 crore for H1FY17.

The Consolidated Profit
After Tax was Rs. 104.32 crore for Q2FY18 as against Rs. 83.51 crore for Q2FY17
and for H1FY18 was Rs. 195.69 crore as against Rs. 192.05 crore for H1FY17.

The aggregate area booked
for Q2FY18was 1.73 lakh sq. ft. as against 1.77 lakh sq. ft. booked in Q2FY17.

The order book stands at Rs.
4,052 croreas against Rs. 4,043 crore at the end of H1FY17.

Commenting
on the results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi
Realty Limited said, “This quarter has seen the implementation
of the biggest tax reform in the country – GST. Additionally, RERA has been a
huge game-changer for the real estate sector. With the onset of RERA and GST,
we are already witnessing an increase in customer confidence and an improved
market sentiment. We believe that credible players are likely to gain ground
and unorganised players will be pushed out and we will witness consolidation in
the sector.

As a company, we, at Oberoi
Realty, have embraced GST with a positive and open mind and have already
started passing on the benefits to our existing and new customers. We have
always been ready and well-equipped to meet all regulatory changes and despite
the external ripples, our projects have performed consistently well this
quarter. With a robust pipeline and a sustained focus on customer-centricity,
we aim to keep doing what we do best – continue to create value for all our
stakeholders.”