Revenue for the quarter was Rs 995.11 crore as against Rs. 842.94 in the same period last year, up 18% YoY.

EBITDA improved by 8% to Rs 402.38 crore in Q4FY23 from Rs 371.25 crore in Q4 FY22.

Profit before tax for Q4 FY23 stood at Rs 390.68 crore, up by 18% from Rs. 330.78 crore in Q4 FY22.

For FY23, the company's profit after tax (PAT) was Rs 1,903.93 crore (up 82% YoY) and revenue was Rs 4,293.20 crore (up 56% YoY).

Vikas Oberoi, CMD, Oberoi Realty, said, “Despite global headwinds, the domestic tailwinds have given a huge boost to the residential sector. Demand for housing has continued to grow, driven by the aspiration of continued home ownership by end users. Industry consolidation has led to incremental market share gains for organised players.

The retail segment is experiencing phenomenal footfalls and strong growth across consumption. We expect a sustained interest in Grade-A offices as occupiers and employees focus on the quality of space that they occupy.”

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

The scrip tumbled 5.60% to currently trade at Rs 920.90.

On the BSE, 62,390 shares were traded in the counter so far compared with average daily volumes of 18,420 shares in the past two weeks.