Q4FY18 Result: Oberoi Realty PAT jumps 40 per cent

Oberoi Realty reported Q4FY18 results for the quarter ended March 31, 2018.

The company's consolidated revenue for the quarter came in at Rs. 344.97 crore, registering 19.1 per cent yoy increase. This was primarily driven by around 21.6 per cent yoy jump in revenue from Real estate segment.

EBITDA for the quarter rose by 21.3 per cent yoy to Rs. 183.35 crore with a corresponding margin expansion of 94 bps. EBITDA margin for the quarter stood at 53.1 per cent.

The PAT for the quarter came in at Rs. 142.92 crore, which is yoy increase of 40.4 per cent. This was partly due to decline in effective tax rate to 20 per cent in Q4FY18 vs 33 per cent in Q4FY17.

Looking at the full year numbers, we see that revenue jumped by 14 per cent to reach Rs. 1,265.43 crore, while EBITDA rose by 19 per cent to Rs. 675.26 crore. Company reported net profit of Rs. 458.8 crore, up 21 per cent yoy.

During Q4FY18, total area booked for was 1.31 lakh sqft. as against 1.35 lakh sqft. booked in Q4FY17 and the total value was Rs. 263.32 crore for Q4FY18 as against Rs.345.43 crore for Q4FY17.

The order book stood at Rs. 5,360.82 crore at the end of FY18 as against Rs 5,037.45 crore at the end of FY17.

Oberoi Realty is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals. On Wednesday, the stock opened at Rs. 567.75 per share and touched an intra-day high and low of Rs. 591.85 and Rs. 556.70, respectively, on the BSE.