Oberoi Realty's share closed in red brand, 45 percent of the profit dropped in the fourth quarter

New -Delhi, April 29 (IANS). Oberoi Realty, one of the country’s largest real estate companies, closed at Rs 1,624.70 on Tuesday, a shares of Oberoi Realty, or Rs 32.10. The decrease in the stock of Oberoi Realty is a 45 percent decrease in the consolidated net profit in the fourth quarter of FY 25. year. The major decline in profits is mainly due to an increase in cost of land acquisition and a decline in operating income. The cost of acquiring land from Oberoi Realty in the March quarter of FY 25 increased by 207 percent to Rs 587 crore, compared to Rs 191 crore a year ago. Despite the strong presence in the market, the increase in costs affected the profit of the business. The operating income of the company fell 12.5 percent in the fourth quarter to R150.14 crore, which was Rs 1,314.77 crore in the same quarter of the previous financial year. The Ebitda of Oberoi Realty fell 21.7 percent year -on -year to Rs 617.8 crore in the fourth quarter of FY 25, which was Rs 788.9 crore in the same period of the previous financial year. The company’s ebitda margin fell in the fourth quarter of FY 25 to 53.7 percent, which was 60 percent in the same period of the previous financial year. With the quarterly results, the company also declared its fourth interim dividend for the financial year 2024-25. Oberoi Realty announced a dividend of Rs 2 per shares share for all eligible shareholders. The company set a record date for this dividend payment on May 5. -Ians ABS/ Share This Story Tags