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Oberoi Realty posted a consolidated net profit of INR 760.26 crore in the July-September quarter, up 29 % year-on-year, driven by higher revenue growth. Income rose from INR 1,358.62 crore to INR 1,844.84 crore. The firm also declared an interim dividend of INR 2 per share. Despite no new launches during the quarter, its pipeline remains active with planned towers in Borivali, Thane and other locations. This result underscores the strength in its luxury housing business and disciplined execution.
Oberoi Realty reported a consolidated net profit of INR 760.26 crore in the second quarter of FY26, a 29 % increase over INR 589.44 crore in the same quarter last year. Its total income for the quarter rose to INR 1,844.84 crore from INR 1,358.62 crore. These figures were disclosed in its regulatory filing. Advertisement
Revenue from operations in this quarter stood at about INR 1,779 crore, marking a growth of 34.8 % over a year ago. The company's total expenses rose as well, reflecting higher costs across construction, marketing, and operations.
During the quarter, Oberoi did not launch any new projects. However, it has announced intent to launch one tower in Borivali, two towers at Forestville in Thane, and projects at Peddar Road and Gurugram. Possible launches at Adarsh Nagar, Worli, and Tardeo are also on the radar. For the first half of FY26, its revenue edged up modestly, and profit rise was marginal, showing that much of the growth momentum is concentrated in the latest quarter.
The board has declared an interim dividend of INR 2 per equity share (face value INR 10). The record date for determining eligible shareholders is set in the coming days, and the dividend is expected to be paid before November.
Oberoi's performance gains further backing when placed in context. Earlier quarters had seen slower growth for many premium real estate developers, especially amid interest rate pressures and market caution. Oberoi's ability to deliver in such a quarter suggests resilience in its projects particularly its luxury housing vertical.
On another front, earlier this year Oberoi Realty sold a 21.74 % stake in its joint venture I-Ven Realty to Alpha Wave for INR 1,250 crore.That transaction had added to its financial flexibility and capital pool. Also, a consortium involving Oberoi had won a resolution plan for Hotel Horizon in Mumbai worth INR 919 crore, which had pushed its shares up when that news emerged.
Still, the company is not free from challenges. Some analyses have flagged that Oberoi's stock faces technical headwinds, and its earnings growth in past quarters had shown volatility. Nonetheless, its debt levels remain manageable, and its execution track record gives it a firmer footing in the luxury realty space.
Source PTI
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