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The real estate firm’s revenue for the same quarter also notably exceeded expectations. It soared by 77%, reaching Rs 1,217 crore from Rs 688.5 crore in the same period last year. This figure outstripped the average analyst estimate of Rs 989 crore.
Other financial highlights from Oberoi Realty’s Q2 report included an increase in Ebitda to Rs 638 crore and an expanded Ebitda margin of 52.4%. The strong performance across multiple financial metrics indicates a positive trajectory for the company in the current fiscal year.
Drawing upon real-time data from InvestingPro, Oberoi Realty Ltd. has demonstrated a robust financial performance. The company is a prominent player in the Real Estate Management & Development industry, and its recent financial results testify to this status.
InvestingPro data points out that the company has been profitable over the last twelve months. This aligns with the reported 43% surge in net profit in the second quarter of fiscal 2024. Moreover, the company’s consistent increase in earnings per share, another InvestingPro Tip, is evident in the exceeded revenue expectations for the same quarter.
Despite the strong performance, investors should be aware of the company’s low earnings quality, with free cash flow trailing net income. This InvestingPro Tip suggests careful evaluation of the company’s financial health.
For more in-depth tips and data, consider subscribing to InvestingPro. With over 12 additional tips available for Oberoi Realty Ltd., investors can gain an even more comprehensive understanding of the company’s financial landscape. To learn more, visit InvestingPro Pricing.
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