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Oberoi Realty Q2 Revenue Drops 6% to Rs 1,671 Crore While Profit Holds Steady

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OBEROIRLTY₹1,703.00 −0.29%

Oberoi Realty Limited (NSE:OBEROIRLTY) reported a 6.1% year-on-year drop in consolidated revenue from operations to Rs 1,670.95 crore for the second quarter of FY27, down from Rs 1,779.04 crore in the same period last year. Despite the top-line decline, consolidated net profit held flat with a 0.2% uptick to Rs 761.65 crore, compared to Rs 760.26 crore a year earlier. Total quarterly income decreased to Rs 1,736.37 crore from Rs 1,844.80 crore.

Profitability remained resilient due to expanding profit margins and reduced financing expenses. The developer's operating margin expanded to 60.99% from 57.35% in the year-ago quarter, while finance costs decreased to Rs 58.14 crore from Rs 71.2 crore. Real estate operations generated Rs 1,625.34 crore in revenue, down from Rs 1,734.4 crore, while hospitality revenue grew slightly to Rs 45.61 crore. For the first half of the fiscal year, overall net profit rose 10.5% to Rs 1,305.16 crore on revenue of Rs 2,971.8 crore. The balance sheet also strengthened as the debt-to-equity ratio improved to 0.14 from 0.18.

Investors will be watching how real estate demand shapes up during the upcoming festive season across the Mumbai Metropolitan Region. Attention will also focus on execution at the company's Three Sixty North project, marking its expansion into the National Capital Region. In addition, the board declared a second interim dividend of Rs 2 per share and completed the redemption of Rs 135 crore in non-convertible debentures, while the stock traded down 0.29% at 1,703 INR today.

Key points

  • Consolidated net profit for Q2 FY27 reached Rs 761.65 crore, up 0.2% from Rs 760.26 crore in the same quarter last year.
  • Revenue from operations decreased 6.1% year-on-year to Rs 1,670.95 crore, compared to Rs 1,779.04 crore a year earlier.
  • Operating margin expanded to 60.99% from 57.35%, while finance costs dropped to Rs 58.14 crore from Rs 71.2 crore.
  • First-half net profit grew 10.5% to Rs 1,305.16 crore as debt-to-equity ratio decreased to 0.14.
  • The board approved a second interim dividend of Rs 2 per share and redeemed Rs 135 crore of debentures.

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Questions and answers

What were Oberoi Realty's Q2 FY27 net profit and revenue?

Oberoi Realty reported a consolidated net profit of Rs 761.65 crore for Q2 FY27, up 0.2% year-on-year. Revenue from operations fell 6.1% to Rs 1,670.95 crore.

Did Oberoi Realty declare a dividend for Q2 FY27?

Yes, the board declared a second interim dividend of Rs 2 per share, which is 20% of the share's face value of Rs 10.

How did Oberoi Realty perform in the first half of FY27?

For the six months ended September 30, consolidated net profit rose 10.5% to Rs 1,305.16 crore, while revenue from operations increased to Rs 2,971.8 crore from Rs 2,766.6 crore.