Oberoi Realty profit rises 32% in December quarter

Total income of the firm rises 41.7% to Rs.308 crore year-on-year in December quarter
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First Published: Sat, Jan 19 2013. 05 20 PM IST
Net profit for the three months ended 31 December stood at Rs134.4 crore.
Net profit for the three months ended 31 December stood at Rs134.4 crore.
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.
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First Published: Sat, Jan 19 2013. 05 20 PM IST
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