Oberoi Realty , a leading real estate developer, reported a decline in its financial performance for the first quarter of fiscal year 2026, despite demonstrating robust sales across most projects and maintaining steady free cash flow.

Financial Highlights

• Net profit fell by 28% to Rs 421.00 crore compared to the same period last year
• Revenue dropped by 30% to Rs 988.00 crore
• EBITDA decreased by 36.2% to Rs 520.00 crore
• EBITDA margin contracted to 52.7%

Strong Pre-Sales and Project Performance

Despite the decline in financial metrics, Oberoi Realty showcased strength in its operational performance:

• Robust sales were reported across most projects
• New launches at Elysian, Gurgaon, drove strong pre-sales
• The company maintained a comfortable net debt to equity ratio of 0.12x

Annuity Business and Challenges

• The annuity business demonstrated strength with steady occupancy rates
• However, the company faced challenges with slower collections
• Development margins declined to 45%

Brokerage Outlook

Both JPMorgan and Nomura maintained positive ratings on Oberoi Realty:

• JPMorgan: Maintained 'overweight' rating with a target price of Rs 2,000.00
• Nomura: Maintained 'buy' rating with a target price of Rs 2,000.00

Nomura attributed the revenue and EBITDA decline to no revenue recognition from the 360West project but expects pre-sales from this project to be visible in upcoming quarters.

Management Commentary

Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, commented on the Q1 FY26 results:

"The Indian economy continues to display remarkable resilience and sustainable growth despite a challenging global economic and geopolitical landscape. With strong macroeconomic fundamentals, a growing aspirational population, robust domestic demand, and a stable external position, India is placed favourably for growth amongst the major global economies."

He added, "Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle. We are pleased to report another healthy quarter, driven by successful tower launch at Elysian, Oberoi Garden City Goregaon."

Future Outlook

Oberoi Realty remains focused on creating developments that foster vibrant communities through thoughtfully designed homes, premium retail, world-class hotels, and sustainable living experiences. The company has started preparations for new project launches over the balance part of the year and is continuing to pursue attractive land acquisitions to deliver lasting value for all stakeholders.

Dividend Announcement

The Board of Directors declared an interim dividend of Rs 2.00 per equity share (20% of face value) for the financial year 2025-2026.

Recent Accolades

Oberoi Realty has received several recognitions:

• Ranked 74th in India's Best Companies to Work For 2025 by Great Place to Work® Institute
• Named one of India's Best Workplaces™ in the Real Estate Industry for 2025
• Heavenly Spa at The Westin Mumbai Garden City recognized among Top 10 Hotel Spas
• Oberoi Mall received awards for Most Admired Marketing Campaign and Most Admired Green Shopping Centre
• Sky City Mall honored with Best Construction Project Award

As Oberoi Realty navigates through market challenges, its focus on premium developments and strong pre-sales performance positions it for potential growth in the coming quarters.

Oberoi Realty Limited , a prominent real estate developer, has announced significant developments that are likely to interest investors and market watchers alike. The company has declared an interim dividend and released its Q1 booking data for the fiscal year 2025-26.

Interim Dividend Declaration

The Board of Directors of Oberoi Realty, in their meeting held on July 21, 2025, declared an interim dividend of Rs 2 per equity share for the financial year 2025-2026. This dividend represents 20% of the face value of equity shares, which stands at Rs 10 each.

Key details of the dividend announcement include:

• Dividend amount: Rs 2 per equity share
• Record date: July 25, 2025
• Payment date: On or before August 7, 2025

Q1 FY26 Booking Performance

Oberoi Realty has also disclosed its booking data for the first quarter of the fiscal year 2025-26, showcasing robust performance in the real estate market:

The company's strong booking numbers indicate a healthy demand for its properties, with 181 units booked during the quarter, translating to a substantial gross booking value of Rs 1,639.00 crore.

Financial Results

While detailed financial results for Q1 FY26 are yet to be released, the company has scheduled a Board of Directors meeting on July 21, 2025, to approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2025.

Corporate Governance

In line with regulatory requirements, Oberoi Realty has informed the stock exchanges about these developments. The company continues to maintain transparency in its operations, promptly disclosing material information to its stakeholders.

Investors and market analysts will likely keep a close watch on the upcoming detailed financial results to gain further insights into Oberoi Realty's performance and future prospects in the real estate sector.