Oberoi Realty has informed the stock exchanges that both the audio recording and the transcript of its conference call on Q4FY26 results and business updates, held on May 11, 2026, have been uploaded on the company's official website. The disclosures were filed pursuant to Regulations 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were authorised by Bhaskar Kshirsagar, Company Secretary.

Conference Call and Disclosure Details

The following table summarises the key details related to the conference call and the availability of both the audio recording and the transcript:

Regulatory Compliance

The communications were addressed to both BSE Limited and the National Stock Exchange of India Limited, submitted through the BSE Listing Centre and NEAPS respectively, in line with Regulation 30 and 46 disclosure requirements. Both the audio recording and the transcript have been made available on the company's official website for stakeholder access.

The filings were authorised by Bhaskar Kshirsagar, Company Secretary of Oberoi Realty.

Oberoi Realty has drawn a diverse set of analyst views, with three major brokerages — CLSA, Nomura, and HSBC — each offering distinct perspectives on the company's growth trajectory, launch pipeline, and execution capabilities. The ratings range from Hold to Buy, reflecting both optimism around the company's presales outlook and caution over the scale and complexity of its upcoming project launches.

CLSA Upgrades to Hold, Flags Execution Risk

CLSA has upgraded Oberoi Realty to Hold, assigning a target price of ₹1500. The brokerage acknowledges the company's aggressive launch plans, which include 9–10 greenfield projects plus 3 phases, driven by a combination of spillover delays and recent acquisitions. In response to this expanded pipeline, CLSA has revised its FY27–28 presales estimates upward by 8%/7%, reflecting a projected 28% FY27 presales growth and a steadier FY28–29 outlook.

Despite the upward revision, CLSA has flagged execution as a critical variable, noting that the scale of upcoming launches represents an unprecedented intensity relative to the company's past track record. The brokerage's cautious stance underscores that the realization of these growth estimates is contingent on timely and successful project delivery.

Nomura Maintains Buy, Highlights Strong Presales CAGR

Nomura has maintained its Buy rating on Oberoi Realty with a raised target price of ₹1850. The brokerage characterizes the company as entering a strong presales growth phase, underpinned by a bullish launch pipeline expected to drive a ~30% FY26–28F presales CAGR. Nomura also points to continued business development traction, supported by the company's large ready inventory and net cash position as key enablers.

Additionally, Nomura expects a 20% CAGR in annuity and hotel income, highlighting the diversified nature of Oberoi Realty's revenue streams beyond core residential presales. The brokerage's overall assessment reflects confidence in the company's financial positioning and pipeline execution.

Jefferies Maintains Hold, Emphasizes Location Risk for New Launches

Jefferies has maintained a Hold rating with a target price of ₹1735, acknowledging strength in Q4 presales performance. However, the brokerage highlights that any meaningful rerating of the stock would depend on the successful execution of upcoming launches in new and relatively untested locations, specifically citing South Mumbai and Gurgaon as markets where the company's track record is yet to be established.

HSBC Maintains Buy, Cites Goregaon Strength and Accelerated Launches

HSBC has maintained its Buy rating on Oberoi Realty with a raised target price of ₹2100. The brokerage attributes its positive stance to a strong quarterly performance, led by the company's core market strength in Goregaon, alongside improving residential demand and office occupancy. HSBC also expects accelerated new launches and sustained premium residential momentum to support the company's growth profile going forward.

Nevertheless, HSBC acknowledges that risks remain, including a potential slowdown in the luxury real estate segment and possible delays in project launches — factors that could temper the pace of growth if they materialize.

Analyst Ratings at a Glance

The following table summarizes the key ratings and target prices assigned by the three brokerages:

Collectively, the analyst assessments reflect a broadly constructive view on Oberoi Realty's medium-term presales and income growth potential, tempered by execution-related uncertainties tied to the scale and geographic diversity of its upcoming launch pipeline.