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Oberoi Realty Ltd, a leading Mumbai-based real estate developer, reported a 28 percent decline in its consolidated net profit for the June quarter, settling at INR 421.25 crore, primarily due to reduced income. The company's total income for the first quarter of the current fiscal year fell to INR 1,073.98 crore. Despite this profit reduction, Oberoi Realty achieved robust property sales of INR 1,639 crore during the April-June quarter and declared an interim dividend of INR 2 per equity share, equivalent to 20 percent of the face value, for the fiscal year 2025-26.
Oberoi Realty Ltd, a prominent Mumbai-based real estate developer, has announced its financial results for the quarter ending in June, revealing a decline in its consolidated net profit. The company's net profit for the recent quarter stood at INR 421.25 crore, marking a 28 percent reduction compared to INR 584.51 crore reported in the same period of the previous year. Advertisement
This decrease in profitability was primarily attributed to a reduction in the company's total income. For the first quarter of the current fiscal year, Oberoi Realty's total income fell to INR 1,073.98 crore, down from INR 1,441.95 crore in the corresponding period of the previous year.
Despite the reported decline in net profit, the company demonstrated a strong performance in property sales. During the April-June quarter of the fiscal year 2025-26, Oberoi Realty recorded property sales worth INR 1,639 crore. This indicates a continued demand for its real estate offerings, even amidst fluctuating financial figures.
In a move to reward shareholders, the company also declared an interim dividend of INR 2 per equity share for the fiscal year 2025-26. This dividend represents 20 percent of the face value of the shares, reflecting the company's commitment to shareholder returns despite the quarterly profit dip. Oberoi Realty remains a leading real estate developer headquartered in Mumbai, with a portfolio spanning residential, commercial, retail, and hospitality projects.
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