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Oberoi Realty's net profit increases by 50.27% in Q3 FY23

2023-02-10

During the quarter that concluded on December 31, 2022, Oberoi Realty's consolidated net profit increased by 50.27%. The company reported in a BSE filing that its profit after tax (PAT) increased to 7025.7 million in Q3 FY23 from 4675.3 million in the equivalent quarter of the previous fiscal.

In Q3 FY23, the company's consolidated total income increased by 95.17 percent from the 8461.9 million it reported in the same quarter the previous year to 16,515 million.

"We are pleased to announce that we have just purchased 8.5 acres of land from Blue Star on Pokhran Road in Thane. I am also happy to report that Oberoi Realty has successfully completed the acquisition of residential properties in the "Three Sixty West" project "said Vikas Oberoi, the company's chairman and managing director.

On February 3, 2023, the company paid 36,070 million for 63 residential properties in the "Three Sixty West" project, according to the regulatory filing.