Oberoi Realty (OBEROIRLTY) Q4 23/24 earnings summary

Executive summary

• Highest quarterly and annual PAT: Rs 788 crore in Q4FY24 and Rs 1,926 crore in FY24; Q4 diluted EPS Rs 21.67.

• FY24 revenue from operations was Rs 4,49,579 lakh; residential bookings totaled Rs 3,94,482 lakh across 700 units.

Financial highlights

• Q4FY24 revenue from operations Rs 1,31,477 lakh vs Rs 96,143 lakh in Q4FY23; total income Rs 1,55,856 lakh vs Rs 99,511 lakh.

• Q4FY24 net profit Rs 78,803 lakh vs Rs 48,029 lakh in Q4FY23; FY24 diluted EPS Rs 52.99 vs Rs 52.38 in FY23.

• FY24 revenue from operations Rs 4,49,579 lakh vs Rs 4,19,258 lakh in FY23; total income Rs 4,81,877 lakh vs Rs 4,29,320 lakh.

• FY24 operating cash flows were Rs 2,80,985 lakh; closing cash and bank balance including short-term liquid investments was Rs 1,26,870 lakh.

Segment performance

• FY24 residential operating margin was 48.25%, with revenue of Rs 3,68,155 lakh and operating margin amount of Rs 1,77,617 lakh.

• FY24 rental revenue was Rs 58,741 lakh at a 97.13% operating margin; hospitality revenue was Rs 17,729 lakh at a 39.38% margin.

• Oberoi Mall FY24 revenue rose to Rs 16,499 lakh from Rs 14,617 lakh; EBITDA was Rs 15,481 lakh at a 94% margin, with 97% occupancy.

• Commerz and Commerz II FY24 occupancy was 58% and 86%, respectively; EBITDA margins were 90% and 92%.

• The Westin Mumbai Garden City FY24 revenue was Rs 17,730 lakh, EBITDA Rs 6,990 lakh, occupancy 83% and RevPAR Rs 10,704.