The consolidated profit before tax during the quarter stood at Rs 598.89 crore, up by 54.41% from Rs 387.86 crore in Q2 FY23.

EBITDA was stood at Rs 664.60 crore for the quarter ended 30 September 2023.

Vikas Oberoi, chairman and managing director of Oberoi Realty said, “India has sustained its growth momentum and emerged as the fastest growing major economy in this fiscal year. Despite the headwinds from renewed geo-political tensions and sluggish global demand, India's macroeconomic outlook is optimistic and firmly bolstered by strong domestic fundamentals.

We believe the real estate market will continue its upward trajectory through consistently surging demand for established brands, spacious apartments and a desire for home ownership. We expect a strong demand in retail, driven by the festive season and increased consumer confidence.”

Meanwhile, the board has declared interim dividend at Rs 2 per equity share for the financial year 2023-24. Further, it has fixed 8 November 2023 as the record date and the same shall be paid starting from 20 November 2023.

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.