Oberoi Realty builds up strong
Oberoi Realty is currently the second top gainer on the BSE, up 7% at Rs.289.20, with an intra day high at Rs.299.40, just a tad shy of crossing the Rs.300 threshold. Its 52-week high is at Rs.344.
The stock is reacting positively to the Q4 and FY15 numbers it announced on 2nd May. On a 56% (YoY) jump in consolidated total income at Rs.345 crore, the company posted a healthy 34% rise in net profit at Rs.103 crore. The rise in EBITDA was pretty good at 42% at Rs.179 crore though the margins showed a dip from 58.36% to 52.43%. Total area booked during Q4FY15 was 7.78 lakh sqft v/s 0.48 lakh sq.ft in Q4FY14. And the total value was Rs.1,232 crore Rs.112 crore (YoY).
The company ended FY15 with a consolidated revenue of Rs.940 crore v/s Rs.855 crore and net profit was at Rs.317 crore v/s Rs.311 crore. The company’s net debt stands at around Rs.690 crore.