INSUBCONTINENT EXCLUSIVE:
oberoi realty q3 earnings: Oberoi Realty Q3 profit up 7% at Rs 148 crore - The TheIndianSubcontinentHomeBudget
2020MarketsNewsIndustryRISEPoliticsWealthMFTechJobsOpinionBlogsNRIPanacheET NOWStock Analysis, IPO, Mutual Funds, Bonds - MoreTotal income,
however, fell to Rs 536.53 crore in the third quarter of 2019-20.PTI|Last Updated: Feb 08, 2020, 02.03 PM ISTGetty Images"The Union Budget
and the new RBI policy have paved the path to growth and liquidity
Reputed corporates thrive in challenging times due to their ability to adapt and deliver value to their stakeholders," CMD Vikas Oberoi said
Oberoi Realty has reported 7 per cent increase in consolidated net profit at Rs 148.24 crore for the quarter ended December despite fall in
total income.
Its net profit in the year-ago period stood at Rs 137.93 crore.
Total income, however, fell to Rs 536.53 crore in the third
quarter of 2019-20 from Rs 548.79 crore in the same period a year ago, according to a regulatory filing.
"The Union Budget and the new RBI
policy have paved the path to growth and liquidity
Reputed corporates thrive in challenging times due to their ability to adapt and deliver value to their stakeholders," CMD Vikas Oberoi
said.
"We have also seen a marked improvement in buyer interest across all our projects; our diversified businesses also continue to perform
well," he added.
Mumbai-based Oberoi Realty is one of the leading real estate developers in the country.
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