Oberoi Realty Rides On Consolidated Revenue Stock Up By Nearly 4%

The Oberoi Realty Limited on Thursday, 4 May 2017 has announced its results for the fourth quarter of FY17 and full year FY17.

The stock of Oberoi Realty was seen hovering around 4% on Friday on the BSE.

Oberoi Realty, in its BSE filing on Thursday, said that the company has recorded consolidated revenue of Rs 302 crore for Q4FY17 as against Rs 242.15 crore for Q4FY16. The consolidated revenue is Rs 1,161.04 crore for FY17 as against 1,458 crores for FY16.

The order book stands at Rs 5,037.45 crore at the end of FY17 as against Rs 4,247.69 crore at the end of FY16.

Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said, “The last year has been very dynamic, with a lot of significant policy changes for the real estate sector as well as the domestic economy. Key initiatives like the passing of the Real Estate Regulatory Act, clarity in REIT legislation and the GST rollout will eventually boost market sentiments and buoy the economy.”

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