Other income rose 62.58% to Rs 23.2 crore.  PBIDT fell 13.88% to Rs 333.64 crore.  Provision for interest rose 111.97% to Rs 36.31 crore. PBDT fell 19.70% to Rs 297.33 crore.  Provision for depreciation fell 0.69% to Rs 10.05 crore.  Profit before tax down 20.24% to Rs 287.28 crore.  Share of profit/loss was 5,550.56% higher at Rs 100.58 crore.  Provision for tax was expense of Rs 69.24 crore, compared to Rs 95.35 crore.  Effective tax rate was 17.85% compared to 26.34%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 19.52% to Rs 318.62 crore.  

 Sales of Real Estate segment has gone down 11.29% to Rs 654.53 crore (accounting for 95.05% of total sales).  Sales of Hospitality segment has gone up 107.43% to Rs 34.06 crore (accounting for 4.95% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 17.08% to Rs 302.16 crore.  PBIT of Real Estate segment fell 19.44% to Rs 292.24 crore (accounting for 96.72% of total PBIT).  PBIT of Hospitality segment rose 516.15% to Rs 9.92 crore (accounting for 3.28% of total PBIT).  

PBIT margin of Real Estate segment fell from 49.17% to 44.65%.  PBIT margin of Hospitality segment rose from 9.81% to 29.13%.  Overall PBIT margin fell from 48.31% to 43.88%.  

Half year performance

Net sales (including other operating income) of Oberoi Realty has increased 54.23% to Rs 1601.7 crore.  Sales of Real Estate segment has gone up 51.12% to Rs 1,532.83 crore (accounting for 95.70% of total sales).  Sales of Hospitality segment has gone up 184.70% to Rs 68.87 crore (accounting for 4.30% of total sales).  Profit before interest, tax and other unallocable items (PBIT) has jumped 63.58% to Rs 786.64 crore.  PBIT of Real Estate segment rose 58.22% to Rs 764.20 crore (accounting for 97.15% of total PBIT).  PBIT of Hospitality reported profit of Rs 22.44 crore compared to loss of Rs 2.12 crore.  PBIT margin of Real Estate segment rose from 47.62% to 49.86%.  PBIT margin of Hospitality segment rose from negative 8.76% to 32.58%.  Overall PBIT margin rose from 46.31% to 49.11%.  Operating profit margin has jumped from 47.95% to 50.11%, leading to 61.16% rise in operating profit to Rs 802.61 crore.  Employee cost decreased from 2.86% to 2.58%.   Other expenses fell from 51.47% to 44.17%.   Other direct service cost fell from 48.42% to 41.27%.   Other income rose 81.12% to Rs 44.9 crore.  PBIDT rose 62.11% to Rs 847.51 crore.  Provision for interest rose 99.91% to Rs 68.91 crore.   PBDT rose 59.44% to Rs 778.6 crore.  Provision for depreciation fell 1.88% to Rs 19.83 crore.   Profit before tax grew 62.09% to Rs 758.77 crore.  Share of profit/loss was 4,128.12% higher at Rs 145.87 crore.  Provision for tax was expense of Rs 182.94 crore, compared to Rs 124.35 crore.  Effective tax rate was 20.22% compared to 26.37%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 107.85% to Rs 721.70 crore.  

Loan funds rose to Rs 2,998.94 crore as of 30 September 2022 from Rs 2,093.65 crore as of 30 September 2021.  Inventories rose to Rs 4,941.64 crore as of 30 September 2022 from Rs 4,714.53 crore as of 30 September 2021.  Sundry debtors were lower at Rs 75.02 crore as of 30 September 2022 compared to Rs 105.15 crore as of 30 September 2021.  Cash and bank balance rose to Rs 304.03 crore as of 30 September 2022 from Rs 141.67 crore as of 30 September 2021.  Investments rose to Rs 2,525.57 crore as of 30 September 2022 from Rs 1,834.29 crore as of 30 September 2021 .  

Fixed assets increased to Rs 4,600.22 crore as of 30 September 2022 from Rs 3,843.53 crore as of 30 September 2021.  Intangible assets increased from Rs 2.22 crore to Rs 2.32 crore.