Oberoi Realty Shares Zooms Over 3%: Released Q2 FY25 Results and Launched New Project

Oberoi Realty, a leading real estate developer in India, has launched its highly anticipated integrated development, Oberoi Garden City Thane, located on Pokhran Road No. 2, on Friday, October 18, 2024. In just three days, the project has achieved a remarkable gross booking value of approximately ₹1,348 crores for 5.65 lakh sq ft of carpet area.

Named “Jardin”—French for “Garden”—these residences invite residents into a “Garden of Life,” where true luxury and human-centric design converge. Spanning around 75 acres, Oberoi Garden City Thane aims to set new benchmarks in luxury living, featuring over 30 world-class amenities, a 5-star JW Marriott Hotel, an exclusive Private Membership Club, and an Oberoi International School.

The first phase includes five residential towers with expansive gardens, with bookings for two of the towers opening on October 18, 2024. The residences will offer spacious 3-bedroom and 3-bedroom + studio apartments starting from 1,475 sq ft and will rise over 65 stories high.

Commenting on the overwhelming response to the project, Mr Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, said, “We are thrilled by the tremendous response to the launch of our latest project at Oberoi Garden City Thane. The trust and confidence our customers have shown in our brand and product deeply humbles and encourages us. This project epitomizes our vision of delivering a holistic, luxurious living experience and we believe it will set a new benchmark for luxury in Thane.” 

Oberoi Realty 1HFY25 Results 

Oberoi Realty Limited recorded a booking value of ₹2,509.45 crores for H1 FY25, up from ₹1,441.26 crores in H1 FY24. For Q2 FY25, the booking value reached ₹1,442.46 crores, compared to ₹965.01 crores in Q2 FY24.

Consolidated revenue for H1 FY25 was ₹2,800.57 crores, an increase from ₹2,177.36 crores in H1 FY24. In Q2 FY25, consolidated revenue stood at ₹1,358.62 crores, compared to ₹1,243.80 crores in Q2 FY24.

The consolidated profit before tax for H1 FY25 was ₹1,557.50 crores, up from ₹1,025.12 crores in H1 FY24. For Q2 FY25, the consolidated profit before tax reached ₹782.47 crores, compared to ₹598.89 crores in Q2 FY24.

Finally, the consolidated profit after tax for H1 FY25 was ₹1,173.71 crores, an increase from ₹777.45 crores in H1 FY24. In Q2 FY25, the consolidated profit after tax was ₹589.31 crores, compared to ₹456.06 crores in Q2 FY24. On October 21, 2024, Oberoi Realty shares opened at ₹1,980 and touched the day high of ₹1,994.05 at 09:30 AM.

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