This realty company's sales booking shot up over 6 times!

The company reported sales booking worth Rs 6,023 crore in Q4FY23. 

Quarterly performance 

Oberoi Realty’s sales bookings grew over 6 times to worth Rs 6,023 crore in Q4FY23, as compared to Rs 925 crore a year ago. Units booked in Q4FY23 stood at 207 as against 234 units booked in Q4FY22. Further, the company ended the financial year 2022-23 with sales bookings worth Rs 8,572 crore, about 2.2 times as compared to Rs 3,889 crore a year ago.

During the quarter Oberoi Constructions (a wholly owned subsidiary of Oberoi Realty) retired as a member and constituent of Oasis Realty, an unincorporated association of persons, on March 3, 2023. For the period from January 1, 2023, to March 3, 2023, Oasis Realty has sold 63 units amounting to Rs 3,403 crore of Booking value to Oberoi Realty.

Share price movement 

Oberoi Reality is currently trading at Rs 873.05, down by 38.30 points or 4.20% from its previous closing of Rs 911.35 on the BSE.

The scrip opened at Rs 912.25 and has touched a high and low of Rs 929.15 and Rs 870 respectively. So far 51,666 shares were traded on the counter.

The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high of Rs 1,088.40 and a 52-week low of Rs 726.25. The current market cap of the company is Rs 31,791.56 crore.

The promoters holding in the company stood at 67.71%, while Foreign Institutions and Domestic Institutions held 17.77% and 12.11% respectively.

Company profile 

Oberoi Realty Limited is a public limited company incorporated in India under the provisions of the Companies Act. It is headquartered in Mumbai, India. The shares of the company are listed on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

Oberoi Realty is engaged in construction and real estate development, and hospitality. The company’s segments include real estate and hospitality.