Oberoi Realty is our top pick in real estate sector as its cash rich and has a robust order book. Oberoi Realty is focused on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals.
In the real estate space, Oberoi Realty is an established brand with an impeccable track record. Its primary aim is to build aspirational developments for its customers with distinctive designs, functional aesthetics and quality finishes that translate into landmark projects through its mixed-use and single-segment developments. This mix of innovative design, planning initiatives and use of cutting-edge technologies has enabled the company to successfully deliver 40 completed projects across Mumbai.
The company has performed consistently and delivered excellent Q4FY18 and FY18 results. The company’s consolidated revenue for the quarter came in at Rs 344.97 crore, registering 19.1 percent yoy increase. This was primarily driven by around 21.6 percent yoy jump in revenue from real estate segment. Q4FY18 EBITDA witnessed a rise of 21.3 per cent yoy to Rs. 183.35 crore with a corresponding margin expansion of 94 bps. EBITDA margin for the quarter stood at 53.1 percent.