Bangalore: Mumbai-based real estate firm Oberoi Realty Ltd has posted a 32% increase in net profit to Rs.134.4 crore for the quarter ended 31 December, compared with the year-ago period.
Total income has also increased by 41.7% to Rs.308 crore during the same period.
Vikas Oberoi, chairman and managing director, Oberoi Realty said; “There continues to be demand of quality projects by reputed developers at the right price. We have managed to keep our order book robust and our steady growth is a reflection of the confidence that our stakeholders have in Oberoi Realty.”
“We will continue to be financially prudent and explore the right opportunities to acquire land that make business sense for the company,” he said.