Oberoi Realty has reported a dip of 48.74 per cent in its net consolidated profit during the quarter ended December 30, 2023. Its profit after tax stood at Rs 360.15 crore in Q3 FY24 as against Rs 702.57 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s consolidated total income stood at Rs 1,082.85 crore in Q3 FY24, a dip of 34.43 per cent from Rs 1,651.50 crore it recorded in the similar quarter last year.During the quarter the board of directors of the company declared an interim dividend of Rs. 2 per equity share (20% of face value of equity share) for the financial year 2023-2024. Starting from November 20, 2023, the said dividend has been paid to the members entitled thereto.
As on December 30, 2023, its net worth stood at Rs 13,129.42 crore, debt-equity ratio was 0.23, current liability ratio was 0.57, total debts to total assets ratio was 0.15, operating margin was 48.34% and net profit margin was 33.26 per cent.
During the quarter ended December 31, 2023, the company had redeemed entire Series I NCDs amounting to Rs 50 crore, on its scheduled redemption date of December 16, 2023.