Oberoi Realty Q3 Net Profit Declines 48.74%
Real Estate

Oberoi Realty Q3 Net Profit Declines 48.74%

Oberoi Realty, a prominent player in the real estate sector, has recorded a 48.74% decline in net profit for the third quarter of the fiscal year 2024. The decrease is attributed to various market challenges impacting the real estate industry.

The dip in net profit reflects the broader challenges faced by the real estate sector, including factors such as economic uncertainties, regulatory changes, and fluctuations in market dynamics. Oberoi Realty, like many others in the industry, is navigating these challenges as it strives to adapt to the evolving landscape.

Despite the decline in net profit, Oberoi Realty continues to play a significant role in the real estate market, known for its premium projects and commitment to quality. The company remains focused on exploring strategic initiatives to overcome market challenges and maintain its position as a key player in the real estate development space.

The Q3 FY24 financial results highlight the resilience and adaptability required in the real estate sector amidst external uncertainties. Oberoi Realty's performance will be closely observed as it responds to market dynamics and works towards sustaining growth in a challenging environment.

Oberoi Realty, a prominent player in the real estate sector, has recorded a 48.74% decline in net profit for the third quarter of the fiscal year 2024. The decrease is attributed to various market challenges impacting the real estate industry. The dip in net profit reflects the broader challenges faced by the real estate sector, including factors such as economic uncertainties, regulatory changes, and fluctuations in market dynamics. Oberoi Realty, like many others in the industry, is navigating these challenges as it strives to adapt to the evolving landscape. Despite the decline in net profit, Oberoi Realty continues to play a significant role in the real estate market, known for its premium projects and commitment to quality. The company remains focused on exploring strategic initiatives to overcome market challenges and maintain its position as a key player in the real estate development space. The Q3 FY24 financial results highlight the resilience and adaptability required in the real estate sector amidst external uncertainties. Oberoi Realty's performance will be closely observed as it responds to market dynamics and works towards sustaining growth in a challenging environment.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?