Oberoi Realty net at Rs 209cr

Oberoi Realty on Friday reported a more than two-fold jump in consolidated net profit at Rs 209 crore for the quarter ended December on higher sales. Net profit stood at Rs 79 crore in the year-ago period.

Total income has increased to Rs 790 crore for the October-December quarter of 2015-16 financial year from Rs 220 crore in the corresponding period of the previous year, the developer said in a filing to  BSE.

The company has developed about 40 projects at strategic locations across the Mumbai skyline aggregating about 9.18 million sq ft. Another 20.61 million sq ft is under construction.