HomeNewsBusinessEarningsOberoi Realty Q2 PAT seen up 75% YoY to Rs. 466.5 cr: Yes Securities
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Oberoi Realty Q2 PAT seen up 75% YoY to Rs. 466.5 cr: Yes Securities

Net Sales are expected to increase by 76.5 percent Y-o-Y (up 45.8 percent Q-o-Q) to Rs. 1,331.1 crore, according to Yes Securities.

Broker Research
October 14, 2022 / 14:45 IST
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Oberoi Realty | CMP: Rs 893.05 | The scrip jumped over 4 percent after consolidated net profit of the company surged to Rs 403 crore in the June quarter from Rs 80.63 crore in the year ago period. Revenue from operations increased 221 percent to Rs 913.11 crore. HDFC Securities has maintained buy call on the stock with a target price of Rs 1,118 per share, an upside of around 27 percent from current market price.
Oberoi Realty | CMP: Rs 893.05 | The scrip jumped over 4 percent after consolidated net profit of the company surged to Rs 403 crore in the June quarter from Rs 80.63 crore in the year ago period. Revenue from operations increased 221 percent to Rs 913.11 crore. HDFC Securities has maintained buy call on the stock with a target price of Rs 1,118 per share, an upside of around 27 percent from current market price.

Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 466.5 crore up 75% year-on-year (up 15.7% quarter-on-quarter).

Net Sales are expected to increase by 76.5 percent Y-o-Y (up 45.8 percent Q-o-Q) to Rs. 1,331.1 crore, according to Yes Securities.

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Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 146 percent Y-o-Y (down 297 percent Q-o-Q) to Rs. 677.9 crore.

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