Oberoi Realty Secures ₹970 Crore in Bookings from Elysian Tower D Launch
Oberoi Realty Limited has launched Elysian Tower D at Oberoi Garden City in Goregaon, Mumbai, securing bookings worth ₹970 crore. The launch on April 30, 2025, registered a gross booking value for about 2.10 lakh sq. ft. of RERA carpet area, equivalent to 3.25 lakh sq. ft. of saleable area. The tower offers luxurious 3 and 4-BHK residences with carpet areas from 2,009 to 3,430 sq. ft. It's part of the 80-acre Oberoi Garden City development, featuring amenities like landscaped gardens, high-ceiling lobby, and recreational zones. The project's success follows positive sales of previous Elysian Towers and demonstrates strong demand for Oberoi Realty's residential projects in Mumbai.
30Apr 25
Oberoi Realty Sets Sights on Major Land Acquisitions in 2025
Oberoi Realty announced plans for significant land acquisitions during their Q4FY25 results conference call. The company is focusing on large-scale, high-investment land purchases, potentially within the current year. This strategy suggests a bullish outlook on the real estate market and implies strong financial readiness. The move could significantly impact Oberoi Realty's future growth and market position.
Oberoi Realty's Q4 FY25 results show a significant decline, with net profit down 45% to ₹433.17 crore and revenue falling 12.5% to ₹1,150.00 crore. EBITDA also decreased by 21.6% to ₹618.07 crore. However, the company's full-year FY25 performance improved, with PAT rising to ₹2,224.05 crore from ₹1,925.17 crore in FY24. Management remains optimistic about luxury real estate demand amid India's economic growth.
28Apr 25
Oberoi Realty Reports Mixed Q4 Results: Net Profit Down YoY, Declares Dividend
Oberoi Realty's Q4 FY2025 results show a 12.50% YoY revenue decline to ₹1,150.00 crore and a 45.00% drop in net profit to ₹433.00 crore. The company declared a 4th interim dividend of ₹2.00 per share. Despite financial challenges, Oberoi Realty maintains a strong balance sheet with a debt-equity ratio of 0.21. The board has approved the incorporation of a wholly-owned CSR subsidiary, subject to regulatory approval.
27Apr 25
Oberoi Realty Sets Date for Q4 and FY25 Results, Dividend Decision on the Horizon
Oberoi Realty Ltd. has announced a board meeting on April 28, 2025, to review Q4 and FY25 financial results and consider dividend declaration. An earnings call is scheduled for April 29, 2025. The trading window for company securities will be closed from April 1, 2025, until 48 hours after the results announcement.
19Apr 25
Oberoi Realty Soars: FY25 Bookings Surge 31% to ₹5,266.00 Crore
Oberoi Realty Ltd announced impressive growth for FY25, with booking value increasing 31% YoY to ₹5,266.00 crore. Unit sales rose 32% to 928, and total carpet area sold reached 12.80 lakh square feet. Q4 FY25 saw 78 units booked with a value of ₹853.00 crore. Q3 FY25 financial results showed a 71.7% increase in net profit to ₹618.40 crore and a 34% rise in revenue to ₹1,411.00 crore.
20Mar 25
Oberoi Realty Secures ₹1,250 Crore Investment from Alpha Wave Ventures for I-Ven Realty
Oberoi Realty's board has approved a ₹1,250 crore investment from Alpha Wave Ventures II, LP into its subsidiary, I-Ven Realty Limited. This investment will give Alpha Wave a 21.74% stake in I-Ven Realty. The deal involves issuing 2,77,778 Series A Compulsorily Convertible Preference Shares and 10 Class A Equity Shares to Alpha Wave. The agreement includes board representation for Alpha Wave, a five-year lock-in period for share transfers, and various exit options post-lock-in. Additionally, I-Ven will conduct a rights issue of redeemable preference shares to repay loans and redeem existing shares.