Oberoi realty Q1 net profit Rs 309.42 crore

Mumbai-based real estate developer Oberoi Realty has reported 238% on-year rise in consolidated net profit of Rs 309.42 crore for the quarter ended June. Total income for the period stood at Rs 895.38 crore, up 231% from a year ago, showed the company’s regulatory filing.

The company earned revenue worth Rs 857.38 crore from real estate operations, while hospitality revenue was Rs 30.88 crore during the quarter.