Oberoi Realty Ltd reported a 28% year-on-year decline in consolidated net profit for the quarter ending June, falling to ₹421.25 crore compared to ₹584.5 crore in Q1 FY25.
Revenue & Margins
- Total income dropped sharply to ₹1,073.98 crore, down from ₹1,441.95 crore in the same period last year.
- Revenue from core activities decreased nearly 30%, standing at approximately ₹987–988 crore.
- EBITDA fell to a range of ₹520–607 crore, with EBITDA margin contracting from nearly 58% to approximately 52.7%.
Property Sales & Bookings
- The company recorded ₹1,639 crore in property sales during the quarter.
- Operational performance included 181 units booked, covering 3.53 lakh square feet, translating to a gross booking value of ₹1,639 crore.
Interim Dividend Declared
- The Board of Directors approved an interim dividend of ₹2 per share (20% on face value of ₹10), with July 25, 2025 as the record date. The dividend is expected to be paid on or before August 7, 2025.
Management Commentary
Vikas Oberoi, Chairman and Managing Director, stated that strong demand for luxury homes, driven by rising aspirations and lifestyle upgrades, supported the company’s performance. He highlighted the successful launch of the Elysian tower in Goregaon and reiterated the company’s focus on creating vibrant, sustainable, and community-integrated developments.
Market Reaction
On July 22, Oberoi Realty shares fell by around 3% on the BSE, settling near ₹1,778. Other real estate stocks also witnessed declines, including Godrej Properties and Phoenix Mills.
Despite the near-term slowdown, analysts maintained a positive stance on Oberoi Realty, with most issuing a ‘Buy’ rating and target prices ranging from ₹1,900 to ₹2,000, citing strong future sales potential.
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Key Financial Highlights
| Parameter | Q1 FY26 | Q1 FY25 |
|---|---|---|
| Net Profit | ₹421 crore | ₹585 crore |
| Revenue from Operations | ~₹988 crore | ₹1,405 crore |
| EBITDA Margin | ~52.7% | ~58% |
| Analyst Target Price | ₹1,900–2,000 | — |