Track2Realty: Oberoi Realty has announced its results for the fourth quarter of FY14 and full year FY14. The company has recorded consolidated revenue of Rs. 855.51 crore for FY14 as against Rs. 1,147.52 crore for FY13. The consolidated revenue is Rs. 228.49 crore for Q4FY14 as against Rs. 185.95 crore for Q3FY14 and Rs. 325.99 crore for Q4FY13.
The consolidated profit before tax for FY14 was Rs. 464.38 crore as against Rs. 683.06 crore for FY13. The consolidated profit before tax for Q4FY14 was Rs. 126.59 crore as against Rs. 98.32 crore for Q3FY14 and Rs. 192.71 crore for Q4FY13.
The consolidated profit after tax for FY14 was Rs. 311.06 crore as against Rs. 504.79 crore for FY13. The consolidated profit after tax for Q4FY14 was Rs. 77.03 crore as against Rs. 68.06 crore for Q3FY14 and Rs. 145.17 crore for Q4FY13.
Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “Our financial prudence has enabled us to use economic cycles to our advantage. Three key developments in the last few months – clearance by the Hon’ble Supreme Court of the land in Mulund, the appointment of The Ritz-Carlton as the hospitality partner for the Worli development and the acquisition of the land in Borivali – has placed us in a unique position to capitalise on the changing market sentiments due to expected political stability in the center.”
