Oberoi Realty declares interim dividend: The company announced a ₹2 per share interim dividend for FY25, with a record date set for January 24, 2025. The dividend will be paid starting February 10, 2025.
Key Details:
- Interim Dividend Announcement:
- Oberoi Realty’s Board of Directors has approved a third interim dividend for FY24-25 at the rate of ₹2 per equity share.
- This equates to 20% of the face value of ₹10 per equity share.
- Record and Payment Dates:
- Record Date: January 24, 2025.
- Dividend Payment Start Date: February 10, 2025.
- Regulatory Compliance:
- The announcement aligns with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The dividend declaration reflects Oberoi Realty’s commitment to rewarding shareholders amidst strong financial performance in FY25. With a significant rise in revenue and profitability, the company continues to demonstrate its focus on shareholder value.
Oberoi Realty Limited posted strong financial results for Q3 FY25, with revenue from operations increasing by 34% year-on-year (YoY) to ₹1,411 crore. The company also recorded a 71% YoY surge in net profit, reaching ₹618 crore, reflecting robust demand in the real estate sector.
Key Highlights (Q3 FY25):
- Revenue from Operations: ₹1,411 crore (up 34% YoY from ₹1,053 crore in Q3 FY24).
- Total Income: ₹1,460 crore (up from ₹1,083 crore in Q3 FY24).
- Net Profit: ₹618 crore (up 71% YoY from ₹361 crore in Q3 FY24).
- Profit Before Tax (PBT): ₹810 crore (up from ₹479 crore in Q3 FY24).
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