Oberoi Realty Ltd - Q4FY21 Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Oberoi Realty - Q4FY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Oberoi Realty limited reported total revenue from operations at 790 up by % as compared to 615.5 crores in Q4FY20. Mainly revenue is down due to restricted construction activity in Maharashtra region due to 2nd wave of covid 19.
Company reported profit before tax of 354.8 crores as compared to 350.8 crores in Q4FY20.
Company reported profit after tax of 286.8 crores in Q4FY21 as compared to profit after tax of 250.9 crores in Q4FY2021.
This was one of the difficult year for the real estate companies in India even Maharashtra region is one of the heaviest hit due to covid and same is continued in Q1FY22 also we expect first half of FY2022 will going to be washout quarter the company and some recovery in 2nd half of the year.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
