Revenue for Q4FY21 at Rs. 800.87 crore as against Rs. 625.73 crore for Q4FY20 and EBITDA at Rs 384.29 crore for Q4FY21 as against Rs 380.75 crore for Q4FY20
Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the fourth quarter of FY21 and full year FY21. The Company has recorded Consolidated Revenue of Rs. 800.87 crore for Q4FY21 as against Rs. 625.73 crore for Q4FY20. The Consolidated Revenue is Rs. 2,090.59 crore for FY21 as against Rs. 2,285.98 crore for FY20.
The Consolidated Profit Before Tax for Q4FY21 is Rs. 354.86 crore as against Rs. 350.80 crore for Q4FY20. The Consolidated Profit Before Tax for FY21 is Rs. 924.42 crore as against Rs. 968.89 crore for FY20.
The Consolidated Profit After Tax for Q4FY21 is Rs. 287.47 crore as against Rs. 250.76 crore for Q4FY20. The Consolidated Profit After Tax for FY21 is Rs. 741.54 crore as against Rs. 689.19 crore for FY20.
Commenting on the Q4 FY21 results, Mr. Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, The ongoing pandemic has been extremely challenging for everyone. The need to have a safe and secure environment for one’s family has naturally become the top priority. We are seeing a clear trend of consumer preferences moving towards spacious homes that can cater to the needs of every family member.
Our quarterly and yearly numbers are a testament to this shift which we believe is here to stay. We launched two new residential projects (Elysian-Tower A in Goregaon and Sky City-Tower F in Borivali) in this quarter that saw an overwhelming response. This highlights the fact that as a result of customer’s confidence and the inevitable consolidation in the industry, the market share of the established developers will continue to grow.
We are adhering to all the health and safety guidelines while making sure that our construction sites are functional. We are undertaking necessary measures to ensure that our employees are vaccinated at the earliest. We expect site and show apartment visits to pick up swiftly once the lockdown restrictions are relaxed.
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