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Oberoi Realty reports 2-fold jump in Q2 consolidated net profit

Oberoi Realty has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 42.29% in its net profit at Rs 90.01 crore for the quarter under review as compared to Rs 155.96 crore for the same quarter in the previous year. Total income of the company decreased by 25.61% at Rs 240.43 crore for Q2FY19 as compared Rs 323.22 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 213.83 crore for the quarter under review as compared to Rs 104.32 crore for the same quarter in the previous year. Total revenue of the company also reported 2-fold jump at Rs 619.78 crore for Q2FY19 as compared Rs 308.49 crore for the corresponding quarter previous year.

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