Net income of Oberoi Realty rose by 50.27% in Q3 FY23

Oberoi Realty's consolidated net profit increased by 50.27% during the quarter that concluded on December 31, 2022. Its profit after tax (PAT) was Rs 702.57 crore in the third quarter of FY23 as opposed to Rs 467.53 crore in the equivalent quarter of the previous fiscal. Its profit after tax (PAT) was Rs 702.57 crore in the third quarter of FY23 as opposed to Rs 467.53 crore in the equivalent quarter of the previous fiscal. The company's consolidated total income for the third quarter of FY23 was Rs 1,651.50 crore, up 95.17 percent from Rs 846.19 crore it earned in the same quarter of FY22.

In an interview captured by ET Realty, Vikas Oberoi, the company's chairman and managing director said, "We are pleased to announce that we have just purchased 8.5 acres of land from Blue Star on Pokhran Road in Thane. I'm also happy to report that Oberoi Realty has successfully completed the acquisition of residential properties in the "Three Sixty West" project."

The business paid Rs 3,607 crore for 63 residential properties in the "Three Sixty West" project on February 3, 2023.

Next (Rajesh LifeSpaces' hotel business fiercely contested by three bidders)

Net income of Oberoi Realty rose by 50.27% in Q3 FY23

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