Oberoi Realty falls 9% after reporting 49%YoY drop in net profits

On Tuesday, Oberoi Realty Ltd faced a 9% decline in shares due to a 49% YoY drop in net profit, falling from ₹701 crore in Q2FY23 to ₹360 crore in Q3FY24. And 21% a QnQ decline. Additionally, the company experienced a 34% YoY decrease in revenue, a drop from ₹1,651 crores to ₹1,082 crore, and 13% QoQ decline.