Oberoi Realty Ltd Share Price – NSE /  BSE

Realty, Small Cap

PVR Inox Ltd, Wipro Ltd, Indian Hotels Co Ltd, ITI Ltd are among the other stocks to see a surge in volumes on BSE today, 22 July 2024.

Oberoi Realty Ltd recorded volume of 56300 shares by 10:47 IST on BSE, a 4.31 times surge over two-week average daily volume of 13048 shares. The stock gained 4.98% to Rs.1,754.45. Volumes stood at 13830 shares in the last session.

PVR Inox Ltd registered volume of 60875 shares by 10:47 IST on BSE, a 3.07 fold spurt over two-week average daily volume of 19811 shares. The stock rose 1.80% to Rs.1,429.30. Volumes stood at 18809 shares in the last session.

Wipro Ltd registered volume of 11.86 lakh shares by 10:47 IST on BSE, a 1.87 fold spurt over two-week average daily volume of 6.33 lakh shares. The stock slipped 7.90% to Rs.513.25. Volumes stood at 9.96 lakh shares in the last session.

Indian Hotels Co Ltd clocked volume of 1.73 lakh shares by 10:47 IST on BSE, a 1.86 times surge over two-week average daily volume of 93264 shares. The stock gained 4.96% to Rs.605.90. Volumes stood at 1.04 lakh shares in the last session.

ITI Ltd notched up volume of 2.79 lakh shares by 10:47 IST on BSE, a 1.66 fold spurt over two-week average daily volume of 1.68 lakh shares. The stock rose 4.72% to Rs.306.05. Volumes stood at 70583 shares in the last session.

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Revenue from operations climbed 54.42% to Rs 1405.16 crore in Q1 FY25 as compared to Rs 909.97 crore recorded in the corresponding quarter last year.

Profit before tax during the quarter stood at Rs 775.03 crore, registering a growth of 81.84% from Rs 426.22 crore reported in Q1 FY24.

EBITDA was at Rs 815.05 crore in the June quarter, up 72.05% as against Rs 473.73 crore posted in Q1 FY24

Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, “The Indian real estate market has witnessed strong demand across various segments, solidifying its position as the preferred investment avenue.

We are pleased to announce another successful quarter, driven by healthy demand in the luxury real estate market with homeowners constantly looking to elevate their lifestyles. We are gearing up for new project and tower launches, scaling up our annuity assets and strategic land acquisitions. We are committed to achieving sustainable growth, with a focus on creating lasting value for all our stakeholders.”

Meanwhile, the company’s board has declared an interim dividend of Rs 2 per equity share for FY25. The record date for the same is fixed on Thursday, 1 August 2024 and the dividend will be paid starting from 12 August 2024.

Oberoi Realty is a Mumbai based real estate development company. It is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure projects.

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Revenue from operations climbed 54.42% to Rs 1405.16 crore in Q1 FY25 as compared to Rs 909.97 crore recorded in the corresponding quarter last year.

Profit before tax during the quarter stood at Rs 775.03 crore, registering a growth of 81.84% from Rs 426.22 crore reported in Q1 FY24.

EBITDA was at Rs 815.05 crore in the June quarter, up 72.05% as against Rs 473.73 crore posted in Q1 FY24

Vikas Oberoi, Chairman and Managing Director, Oberoi Realty said, “The Indian real estate market has witnessed strong demand across various segments, solidifying its position as the preferred investment avenue.

We are pleased to announce another successful quarter, driven by healthy demand in the luxury real estate market with homeowners constantly looking to elevate their lifestyles. We are gearing up for new project and tower launches, scaling up our annuity assets and strategic land acquisitions. We are committed to achieving sustainable growth, with a focus on creating lasting value for all our stakeholders.”

Meanwhile, the company’s board has declared an interim dividend of Rs 2 per equity share for FY25. The record date for the same is fixed on Thursday, 1 August 2024 and the dividend will be paid starting from 12 August 2024.

Oberoi Realty is a Mumbai based real estate development company. It is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure projects.

The scrip fell 2.69% to end at Rs 1,671.25 on Friday, 19 July 2024.

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Oberoi Realty announced that the Board of Directors of the Company at its meeting held on 19 July 2024, has recommended a Interim dividend of Rs.2 per share (i.e.20%), subject to the approval of the shareholders.

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