Oberoi Realty, a real estate company, announced a sharp increase in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 23.69% to Rs 795.70 million from Rs 643.30 million in the same quarter last year.
Revenues for the quarter rose 19.88% to Rs 2,102.50 million, compared with Rs 1,754 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.42, registering 23.47% growth over previous year period.
Shares of the company gained Rs 4.9, or 1.75%, to trade at Rs 285.15. The total volume of shares traded was 50,600 at the BSE (1.52 p.m., Monday).