Oberoi Realty shares jump 7%, hit 52-week high after Q4 net profit rises 68% YoY

At the operating level, stood at Rs 788.6 crore in the fourth quarter of this fiscal over Rs 368 crore in the corresponding period in the previous fiscal. The EBITDA margin stood at 60% in the reporting quarter versus 38.3% in the year-ago period.

The has declared a third interim of Rs 2 per equity share i.e. 20% of the face value of equity shares of Rs 10 each in respect of the fourth quarter of the financial year ended March 31, 2024.

The record date for payment of the interim dividend is May 23, 2024. The dividend will be paid starting from May 29.

Also, the board has recommended a final dividend of Rs 2 per equity share i.e. 20% of the face value of equity share of Rs 10 each for the financial year ended March 31, 2024.

Also Read: At 11:38 am, the scrip was trading 3.6% higher at Rs 1,577 on BSE. In the last one year, the stock has surged 92%.

Meanwhile, the company’s board of directors has passed enabling resolutions for an issue of non-convertible debentures (NCDs) and Qualified Institutional Placement of equity shares in one or more tranches totalling up to Rs Rs 4,000 crore.

Of this, the issue of non-convertible debentures will be up to Rs 2,000 crore by way of private placement, while the balance amount is expected to be raised through the QIP.

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