Track2Realty: Oberoi Realty has announced its results for the fourth quarter of FY13 and full year FY13. The Company has recorded Consolidated Revenue of Rs. 1,147.52 crore for FY13 as against Rs. 974.79 crore for FY12. The Consolidated Revenue is Rs. 325.99 crore for Q4FY13 as against Rs. 308.03 crore for Q3FY13 and Rs. 285.50 crore for Q4FY12.
The Consolidated Profit Before Tax for FY13 was Rs. 683.06 crore as against Rs. 605.91 crore for FY12. The Consolidated Profit Before Tax for Q4FY13 was Rs. 192.71 crore as against Rs. 185.39 crore for Q3FY13 and Rs. 187.95 crore for Q4FY12.
The Consolidated Profit After Tax for FY13 was Rs. 504.79 crore as against Rs. 462.87 crore for FY12. The Consolidated Profit After Tax for Q4FY13 was Rs. 145.17 crore as against Rs. 134.46 crore for Q3FY13 and Rs. 143.59 crore for Q4FY12.
Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty said, “We are fairly satisfied with our performance that has remained steady in the last fiscal year, as there continues to be demand for quality projects by reputed developers at the right price. Our residential properties have maintained traction with the discerning flat purchasers and our rental income from our strategic investment properties continues to give us the stability. Our order books remain robust and continue to earn confidence of our partners and stakeholders. Considering the cyclical nature of our business, and the macro economic factors globally and locally, we will continue to be financially prudent and explore the various opportunities to acquire land that make business sense for the company.”
BUSINESS HIGHLIGHTS
Investment Properties (Retail, Office Space and Hospitality)
· Oberoi Mall contributed Rs. 79.21 crore to the operating revenue for the FY13 as against Rs. 78.18 crore for FY12 and Rs. 19.69 crore for Q4FY13 as against Rs. 20.23 crore for Q3FY13 and Rs. 19.59 crore for Q4FY12.
· Commerz contributed Rs. 46.13 crore to the operating revenue for the FY13 as against Rs. 43.62 crore for FY12 and Rs. 11.99 crore for the Q4FY13 as against Rs. 11.45 crore for Q3FY13 and Rs. 11.08 crore for Q4FY12.
· The Westin Mumbai Garden City contributed Rs. 96.45 crore to the operating revenue for the FY13 as against Rs. 90.57 crore for FY12 and Rs. 26.65 crore to the operating revenue for the Q4FY13 as against Rs. 26.86 crore for Q3FY13 and Rs. 25.69 crore for Q4FY12.
Development Properties (Residential)
· Oberoi Esquire: Area sold in FY13 is 2.27 lakh sqft and in Q4FY13 is 0.46 lakh sqft. The cumulative sale for the project till date is 9.37 lakh sqft., amounting to Rs. 1,212.69 crore.
· Oberoi Exquisite: Area sold in FY13 is 1.38 lakh sqft and in Q4FY13 is 0.42 lakh sqft. The cumulative sales for the project till date is 9.72 lakh sqft., amounting to Rs. 1,270.85 crore.
· Oberoi Splendor Grande: Area sold in FY13 is 0.72 lakh sqft and in Q4FY13 is 0.11 lakh sqft. The cumulative sale for the project till date is 2.82 lakh sqft., amounting to Rs. 410.89 crore.
· Oberoi Splendor: Area sold in FY13 is 0.47 lakh sqft and in Q4FY13 is 0.20 lakh sqft. The cumulative sale for the project till date is 12.77 lakh sqft., amounting to Rs. 1,571.40 crore.
