Oberoi Realty reports 51% fall in Q1 consolidated net profit

25 Jul 2019

Oberoi Realty has reported results for first quarter ended June 30, 2019.

The company has reported 71.10% fall in its net profit at Rs 71.10 crore for the quarter under review as compared to Rs 246.05 crore for the same quarter in the previous year. Total income of the company decreased by 61.47% at Rs 214.75 crore for Q1FY20 as compared Rs 557.38 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 50.85% in its net profit at Rs 152.07 crore for the quarter under review as compared to Rs 309.42 crore for the same quarter in the previous year. Total income of the company decreased by 30.97% at Rs 618.10 crore for Q1FY20 as compared Rs 895.38 crore for the corresponding quarter previous year.

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