BofA Securities has estimated the first phase of the Gurugram project to have gross development value of ₹2,500 crore to ₹3,000 crore. Meanwhile, Kotak Securities said the 2.6 million square feet project has the potential of ₹10,000 crore sales value.
Oberoi Realty reported a positive set of earnings in the March quarter across all key parameters.Its net profit increased 62.4% to ₹703.3 crore from ₹433.2 crore in the previous year. Its revenue of 1,750 crore was 52.1% more than last year’s ₹1,150 crore.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased 55.4% to ₹960.3 crore from ₹618.1 crore in the fourth quarter of the previous fiscal. Its margins expanded to 54.9% from 53.7% in the year-ago period.
Shares of Oberoi Realty Ltd. were trading 3.2% up at ₹1,759 apiece at 1.40 pm on Wednesday. The stock is up 3.7% this year, so far.
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