Oberoi Realty reported a strong 29.05% growth in net consolidated profit for Q2 FY25, reaching INR 589.44 crore, up from INR 456.76 crore in the same period last year. The company's total consolidated income also rose by 9.23% to INR 1,358.62 crore. Oberoi Realty announced a second interim dividend of INR 2 per share and redeemed INR 70 crore in Non-Convertible Debentures, optimizing its capital structure. The board also approved raising up to INR 6,000 crore for future projects. With a robust net worth of INR 14,799.98 crore, a low debt-equity ratio of 0.14, and strong profit margins, the company continues on a growth trajectory.
Oberoi Realty has announced a remarkable 29.05 per cent growth in its net consolidated profit for the second quarter of the financial year 2024-25. The company reported a profit after tax of INR 589.44 crore for Q2 FY25, up from INR 456.76 crore during the same period in the previous fiscal year, as detailed in its filing with the Bombay Stock Exchange. This significant increase underscores the company's strong performance and strategic initiatives in a competitive market. In addition to its profit growth, Oberoi Realty's net consolidated total income reached INR 1,358.62 crore in Q2 FY25, marking a 9.23 per cent increase from INR 1,243.80 crore recorded in the corresponding quarter last year. The board of directors has also declared a second interim dividend of INR 2 per equity share for the financial year 2024-25, reflecting its commitment to delivering value to shareholders.
During the quarter ending earlier this week, the company took proactive steps by exercising its option to redeem INR 70 crore from Series III Non-Convertible Debentures (NCDs) through a reduction in face value. This move aligns with the company's strategy to optimise its capital structure. Furthermore, the board approved plans to raise up to INR 6,000 crore through the issuance of equity and/or equity-linked instruments, including private placements and qualified institutional placements. This funding initiative aims to bolster the company's financial flexibility for future projects and investments.
As of earlier this week, Oberoi Realty's financial position remains robust, with a net worth of INR 14,799.98 crore. The company's debt-equity ratio stands at a low 0.14, indicating prudent financial management, while the current liability ratio is recorded at 0.56. The total debts to total assets ratio is a healthy 0.10, showcasing a balanced approach to leverage. The company's operational efficiency is further evidenced by an impressive operating margin of 61.66% and a net profit margin of 43.39%.
Oberoi Realty's strong financial performance in Q2 FY25 highlights its robust growth trajectory, with significant increases in profit and total income. The strategic redemption of NCDs and plans to raise substantial funds through equity instruments further demonstrate the company's commitment to strengthening its financial position. The approval of the resolution plan by the NCLT for Nirmal Lifestyle reflects the company's proactive approach in managing corporate challenges, ensuring sustained growth and stability.
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