The real estate developer posted a consolidated net profit of ₹703.3 crore for the quarter ended March, up 62.4% from ₹433.2 crore in the year-ago period.
Revenue from operations rose 52.1% year-on-year to ₹1,750 crore from ₹1,150 crore, while EBITDA increased 55.4% to ₹960.3 crore from ₹618.1 crore.
Operating margin improved to 54.9% from 53.7% a year earlier, reflecting stable cost control and healthy project mix.
Ahead of the earnings announcement, shares of Oberoi Realty closed 1.8% higher at ₹1,705 on the NSE.
Separately, the company on May7 completed the implementation of the resolution plan for Hotel Horizon Private Limited (HHPL) under the corporate insolvency resolution process.
Following the completion of the transaction on May 7, Oberoi Realty now holds a 49.999% stake in HHPL and has infused ₹460 crore into the company through equity and unsecured loans as part of the consortium-led acquisition.
The company said the monitoring committee overseeing the implementation of the resolution plan has ceased to exist, with management control of HHPL now transferred to the consortium comprising Oberoi Realty, Shree Naman Developers and JM Financial Properties and Holdings.
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Oberoi Realty is a Mumbai-based real estate developer focused on premium residential, commercial, retail and hospitality projects, with a strong presence in the Mumbai metropolitan region.
