Home / Companies / News /  Oberoi Realty posts 12.45% increase in September quarter profit to Rs83.72 crore

Mumbai: Oberoi Realty Ltd (ORL), India’s second largest developer by market value, on Friday reported a 12.45% increase in its second quarter net profit to Rs83.72 crore, helped by robust sales.

In a filing to BSE, Oberoi Realty reported net sales of Rs250.89 crore for the quarter to September, a 32.6% jump from Rs189.19 crore a year ago.

On a standalone basis, the company’s second quarter net profit stood at Rs70.8 crore, while net sales were Rs194 crore.

ORL shares fell 0.39% to Rs331.90 from the previous close on BSE.

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