Oberoi Realty has kicked off the fiscal year with strong momentum, announcing a net profit of ₹544 crore for the first quarter. This marks a significant 29% increase compared to the same period last year, reflecting the company's sustained profitability in a competitive real estate landscape.
Operational efficiency also saw a notable boost, with the firm’s EBITDA climbing by 41% to reach ₹734 crore. Total revenue surged by nearly 32% to ₹1,301 crore, underscoring the aggressive growth and strong market appetite for the developer's premium property offerings.
In a move to benefit investors, the company's board has officially declared an interim dividend of ₹2 per equity share. This payout highlights management's confidence in maintaining healthy cash flows as they continue to capitalize on the rising demand for high-end residential projects.
