Oberoi Realty's Q4FY22 PAT falls 19 pc YoY to Rs 232.78 cr; FY22 PAT jumps 41 pc to 1,047.87

The consolidated Profit After Tax for FY22 was Rs 1,047.87 crores, up 41 percent y-o-y against Rs 741.54 crore for FY21.

The Mumbai-headquartered company has recorded consolidated Revenue of Rs. 842.94 crore for Q4FY22 as against Rs. 800.87 crore for Q4FY21. The Consolidated Revenue is Rs. 2,752.42 crore for FY22 as against Rs. 2,090.59 crore for FY21.

The consolidated Profit After Tax for Q4FY22 is Rs. 232.78 crore as against Rs 287.47 crore for Q4FY21.'

The consolidated Profit After Tax for FY22 is Rs 1,047.87 crore as against Rs 741.54 crore.

Commenting on the Q4FY22 results, CMD Oberoi Realty Vikas Oberoi said, “Our Prime Minister’s proactive economic policies have steered India into a global economic force. The real estate sector has also witnessed a healthy increase in demand over the last two years, and we clearly see this actual user consumption led momentum continuing."

He said: "We are observing a paradigm shift in consumer behaviour towards an aspirational lifestyle, and a clear preference for larger spaces. We are also witnessing a steady increase in demand for commercial real estate as employees return to their offices."

"A strong preference for reputed brands like ours has led to consolidation of the real-estate sector. At Oberoi Realty, we are committed to building resilient ecosystems by adopting more sustainable business practices. Given our robust existing pipeline and proposed launches, we are uniquely placed to create long-term value for all our stakeholders,” he added.