NEW DELHI: Oberoi Realty has reported a growth of 29.05 per cent in its net consolidated profit during the second quarter of the financial year 2024-25. Its profit after tax stood at Rs 589.44 crore in Q2 FY25 as against Rs 456.76 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 1,358.62 crore in Q2 FY25, a growth of 9.23 per cent from Rs 1,243.80 crore it recorded in the similar quarter last year.
The board of directors of the holding company declared second interim dividend of Rs 2 per equity share for the financial year 2024-25.
During the quarter ended September 30, 2024, the holding company, in exercise of the option available to it under the terms of the issue, had redeemed an amount of Rs 70 crore series III NCDs by way of face value reduction.
The board also approved raising of an amount of upto Rs 6,000 crore by way of issue of equity and/or equity linked instruments by way of private placement including a qualified institutional placement.
As on September 30, 2024, the company’s net worth was 14,799.98 crore, debt-equity ratio was 0.14, current liability ratio was 0.56, total debts to total assets ratio was 0.10, operating margin was 61.66% and net profit margin was 43.39%.
National Company Law Tribunal, Mumbai (NCLT) recently approved the resolution plan as submitted by the holding company in relation to the corporate insolvency resolution process (CIRP) of Nirmal Lifestyle (NLRPL). The said resolution plan provides for payments to various creditors of an amount of Rs 273 crore and the CIRP cost, and also subscription to the 100% equity shares of NLRPL of Rs 100 lakh within a period of 90 days from NCLT approval date.
