Oberoi Realty shares surge 11% in early trade on robust Q4 numbers

The share price of Oberoi Realty jumped around 11 per cent in the early trading session today after the announcement of its earnings for the fourth quarter and the fiscal ended March 2015. The company announced its results on April 30 post market hours.

At 9.50 am, it was trading at Rs 299.95 on the Bombay Stock Exchange.

For the quarter ended March 2015, the company registered consolidated gross sales of Rs 338.59 crore, up 54.35 per cent, against Rs 219.36 crore in the corresponding quarter a year ago.

Net profit of the company grew by 30.03 per cent on year-on-year basis to Rs 103.02 crore. The company registered net profit of Rs 77.03 in the corresponding quarter a year ago.

Oberoi Realty registered consolidated net sales of Rs 910.93 crore for the year ended March 2015 as against Rs 784.18 crore last year.

In the past one year, the share price of the company jumped 30.43 per cent to Rs 270.45 on April 30 against Rs 207.35 on the same day a year ago.