HIGHLIGHTS ofConsolidated Financials for Q4FY20
Revenue for Q4FY20 at Rs. 625.73crore as against Rs. 597.34crore for Q4FY19•Profit Before Tax (PBT) for Q4FY20 at Rs. 350.80croreas against Rs. 220.12crorefor Q4FY19 and Profit After Tax (PAT) for Q4FY20 at Rs. 250.96croreas against Rs.155.76crorefor Q4FY19•Total area booked for Q4FY20 is 1.27lakh sq. ft. as against 1.45lakh sq. ft. booked in Q4FY19 and the total value is Rs. 230.28crorefor Q4FY20 as against Rs. 319.14crore for Q4FY1
HIGHLIGHTS of Consolidated Financials for FY20•Revenue for FY20 at Rs. 2,285.98crore as against Rs. 2,661.35 crore for FY19 •Profit Before Tax (PBT) for FY20 at Rs. 968.89crore as against Rs. 1,177.62crorefor FY19 and Profit After Tax (PAT) at Rs. 689.33croreas against Rs.816.93crorefor FY19
HIGHLIGHTS of Consolidated Financialresults for Q1FY21•Revenue for Q1FY21at Rs. 126.86crore •Profit Before Tax (PBT) for Q1FY21at Rs. 39.78croreand Profit After Tax (PAT) for Q1FY21at Rs. 28.07crore
Mumbai, July14th,2020: Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the firstquarter ofFY21and for the fourth quarter FY20 & full year FY20. The Company has recorded Consolidated Revenue of Rs. 625.73crorefor Q4FY20as against Rs. 597.34crore for Q4FY19. The Company also reported Consolidated Revenue of Rs.2,285.98crorefor FY20 as against Rs. 2,661.35crorefor FY19. Further the Company also recorded Consolidated Revenue of Rs. 126.86crore for Q1FY21.The Consolidated Profit Before Tax for Q4FY20is Rs. 350.80croreas against Rs. 220.12crorefor Q4FY19.The Consolidated Profit Before Tax for FY20 is Rs. 968.89croreas against Rs. 1,177.62crorefor FY19. Further the Consolidated Profit Before Tax forQ1FY 21 is Rs. 28.07crore.The Consolidated Profit After Tax for Q4FY20is Rs. 250.96croreas against Rs. 155.76crorefor Q4FY19. The Consolidated Profit After Tax for FY20 is Rs. 689.33croreas against Rs. 816.93crorefor FY19.Further the Consolidated Profit After Tax for Q1FY 21 is Rs. 39.78crore. Commenting on the performance of the quarters, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said,“The impact of Covid-19 has been unprecedented across the globe, however, the relaxations offered by RBI and the regulatory authorities have been valuable to both developers and homebuyers. We are also humbled to be a part of the on-ground effort to manage this crisis with the local bodies and doing our bit to contribute to the society.On our annuity portfoliowe are delighted to announce that Oberoi Realty and Morgan Stanley have concluded the deal of leasing 1.1 mn sq. ft. at our Commerz-III building, making it one of the largest office space transactions. All our residential projects continue to receive enquiries from across the globe, highlighting the faith of our customers. Our offices and sites are open with necessary safety measures and we have also seen an increase in customer visits post relaxations in lockdown. Our focus is to continue to progress forward to achieve construction milestones and honour our committed timelines.We believe that the real estate sector will continue to undergo consolidation across all segments, hence only strong and reputed brands like us with a strong track record will be able to outperform”.
