Oberoi Realty
The company had a disappointing QFY15, though aggregate area volumes rose 42% (YoY) at 67,730 sq.ft yet looks like lower realizations pulled down the company’s numbers. Its total consolidated revenue fell 20% at Rs.218 crore. Though the costs were kept down, 4% lower due to lower operating cost and other expenses. Net profit declined 37% at Rs.64 crore. Sequentially, revenue was down 20% and net profit was down 16%. What separates this company from the other realty companies is that its debt free – its interest cost for the quarter was at Rs.3 lakh and for entire FY14 at Rs.31 lakh.
In terms of segmental break-up, it has two units – realty and hospitality. The realty segment showed a 23% fall in topline though it contributes 84% to the net revenue earned. EBIT of this segment was down 27% (YoY). Hospitality showed a 4% growth in revenue but showed a loss of Rs.2 crore at EBIT level. As at 30th June 2014, the order book of the company stood at Rs.1,535 crore as against Rs.1,509 crore at the end of the quarter ended March.