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Oberoi Realty\’s shares surged by 9% to reach a new 52-week high of Rs 1,712.30 following the company\’s announcement of a 65% year-on-year (YoY) increase in its Q4 profit, reaching Rs 788 crore.
Oberoi Realty shares soared 7% to a 52-week high of Rs 1,629 on BSE after reporting a remarkable 64% YoY surge in net profit to Rs 788 crore for the March quarter. Revenue rose by 36.8% to Rs 1,314.8 crore, with a significant improvement in EBITDA and margin.
First Industrial Realty Trust (NYSE: NYSE:FR), a leading player in the industrial real estate sector, has reported a strong performance in the first quarter of 2024. The company has successfully signed two major development leases and is making notable progress on its 2024 renewals. With a disciplined industrial market, First Industrial Realty Trust has seen a significant cash rental rate increase and is on track to meet its full-year sales guidance. Adjustments to same-store leasing assumptions have been made in light of economic uncertainty. The company has also provided an updated outlook for funds from operations (FFO) and expects solid growth in same-store net operating income (NOI).
6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales.