Oberoi Realty’s Q1 PAT down 20% YoY at ₹321 crore

Oberoi Realty’s consolidated net profit in the June quarter fell a fifth to ₹321.6 crore and revenue was down a tad at ₹910 crore compared to ₹913 crore year ago.

Sequentially, the net profit declined 33 per cent and revenue was down 5.4 per cent.

The company said it was merging three wholly-owned subsidiaries -Oberoi Construction, Oberoi Mall and Evenstar Hotels with itself, revising an earlier plan to merge four subsidiaries with itself.