Oberoi Realty shares climbed more than 3% in Thursday morning’s trade after the company posted robust numbers for the September quarter. As of 9:28 AM, the shares were trading 3.62% higher at Rs 1,659.30.
The Mumbai-based real estate developer reported a 34.8% year-on-year rise in revenue to ₹1,779.04 crore, compared to ₹1,319.89 crore in the same period last year.
Net profit rose 29% to ₹760.26 crore from ₹589.44 crore, driven by healthy sales and sustained demand across its premium projects. EBITDA increased 25% to ₹1,020.29 crore, while operating margins stood at 57.4% versus 61.7% last year, reflecting strong profitability despite rising costs.
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