Shares of Oberoi Realty fell by nearly 6% on January 21, trading at ₹1,895.50, following the announcement of its Q3 FY25 financial results. Despite showcasing robust performance, the market sentiment appears cautious, driven by concerns over collection and capex challenges.
Key Highlights (Q3 FY25 Performance):
- Revenue Growth: Revenue from operations surged 34% YoY to ₹1,411 crore, compared to ₹1,053 crore in Q3 FY24.
- Net Profit: Net profit jumped 71% YoY, reaching ₹618 crore, as against ₹361 crore in the corresponding quarter of the previous year.
- Total Income: Increased to ₹1,460 crore from ₹1,083 crore YoY.
- Profit Before Tax (PBT): Recorded at ₹810 crore, up from ₹479 crore in Q3 FY24.
Nine-Month Overview (FY25):
- Revenue: ₹4,136 crore (up 31% YoY).
- Net Profit: ₹1,793 crore (up 57% YoY).
- Total Expenses: ₹1,900 crore, reflecting operational efficiency.
Market Reaction:
Despite the strong earnings, Oberoi Realty shares have faced selling pressure, attributed to investor concerns over future challenges, such as collections and capital expenditures.
Brokerage Views:
- Nomura: Maintains ‘Buy’ with a target price of ₹2,500, highlighting robust pre-sales and consistent performance across segments.
- MS: Retains ‘Equal Weight’ with a target price of ₹2,060, acknowledging growth but flagging concerns over operational hurdles.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions.
TOPICS:
Oberoi Realty