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    HomeNewsBusinessEarningsOberoi Realty Q2 net seen up 15%, rev may grow 31% at Rs 248 cr

    Oberoi Realty Q2 net seen up 15%, rev may grow 31% at Rs 248 cr

    In Q2, EBITDA may go up 21 percent at Rs 132 crore against Rs 109 crore while operating profit margin (OPM) is likely to be at 53.2 percent from 57.6 percent year-on-year (YoY).

    October 20, 2016 / 15:09 IST

    Net profit of Oberoi Realty is expected to rise 15 percent at Rs 83 crore in July-September quarter from Rs 72.44 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, its revenue is likely to  gain 31 percent at Rs 248.3 crore compared to Rs 189.2 crore in year-ago period.

    In Q2, EBITDA may go up 21 percent at Rs 132 crore against Rs 109 crore while operating profit margin (OPM) is likely to be at 53.2 percent from 57.6 percent year-on-year (YoY).

    The company reported very strong earnings last quarter and had said that Q2 FY17 given no new launches. Exquisite and Eternia are expected to see flattish momentum this quarter. Overall pre-sales are expected at Rs 120 crore versus Rs 140 crore (YoY).

    Realisations in Q2 is expected at Rs 17143/square feet against Rs 22478/square feet. Sales volumes are likely to be aided by Sky City project which was launched in Q3FY16. 

    first published: Oct 20, 2016 03:09 pm

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