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Key Points

Oberoi Realty reported a 28% drop in Q1 net profit and a 30% decline in revenue. Despite weaker financials, the company saw a strong rise in bookings and area sold. The firm also announced an interim dividend of Rs 2 per share. Shares remained flat ahead of the earnings announcement.

Key Points: Oberoi Realty Q1 Profit Drops 28% as Revenue Falls 30%

  • Oberoi Realty Q1 net profit falls 28% YoY to Rs 421 crore
  • Revenue drops nearly 30% to Rs 988 crore in Q1 FY26
  • EBITDA declines 36.2% with margins shrinking to 52.7%
  • Units booked rise 30.2% while gross booking value jumps 53.6%
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Oberoi Realty's Q1 profit falls 28 pc, revenue slips nearly 30 pc

Oberoi Realty reports 28% decline in Q1 profit and 30% revenue drop, but sees strong growth in bookings and announces Rs 2 dividend.

"This is to inform you that the Board of Directors... has declared interim dividend for FY25-26 at the rate of Rs 2 per equity share. - Oberoi Realty BSE Filing"

Mumbai, July 21

Oberoi Realty on Monday reported a 28 per cent year-on-year (YoY) drop in its consolidated net profit to Rs 421 crore for the quarter ended June (Q1 FY26), compared to Rs 585 crore in the same period in previous fiscal (Q1 FY25).

The decline in profit was driven by a steep fall in revenue, which dropped nearly 30 per cent to Rs 988 crore from Rs 1,405 crore in the year-ago quarter, according to its stock exchange filing.

Its operating performance also weakened during the quarter. EBITDA fell 36.2 per cent to Rs 520 crore from Rs 815 crore, and margins shrank to 52.7 per cent, down from 58 per cent in the same quarter previous year.

Despite the year-on-year (YoY) decline in financials, Oberoi Realty saw a healthy pickup in business activity.

The company recorded a 30.2 per cent increase in units booked, rising to 181 units from 139 a year earlier.

The carpet area booked also grew significantly by 67.3 per cent to 3.53 lakh square feet, while gross booking value jumped 53.6 per cent to Rs 1,639 crore from Rs 1,067 crore.

Oberoi Realty also announced an interim dividend of Rs 2 per share, with July 25 set as the record date to determine eligible shareholders. The dividend will be paid on or before August 7.

Shares of Oberoi Realty closed flat at Rs 1,835.5 on the Bombay Stock Exchange (BSE) on Monday, just before the results were announced, while the benchmark Sensex gained 0.54 per cent for the day.

“This is to inform you that the Board of Directors of the company at their meeting held on July 21 has declared interim dividend for FY25-26 at the rate of Rs 2 per equity share, i.e. 20 per cent of the face value of equity shares of Rs 10 each,” the company informed the BSE through the filing.

- IANS

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Reader Comments

P
Priya S
The positive side is bookings have increased! Shows people still trust Oberoi brand despite slowdown. Their projects have good quality compared to other builders in Mumbai. 67% area growth is impressive 👍
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Aman W
Rs 2 dividend is just tokenism when share price is 1800+ 😂 They should focus more on reducing project costs rather than giving such small dividends. Common investors don't benefit much from this.
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Sarah B
As someone who bought Oberoi flat last year, I'm concerned about these numbers. Will this affect ongoing projects? The company should communicate more transparently with customers about delivery timelines.
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Karthik V
Margins down from 58% to 52.7% is still better than most realty companies! Oberoi maintains premium positioning. The 53% jump in booking value shows luxury housing demand remains strong among HNIs.
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Nisha Z
Real estate market is cyclical. Oberoi has strong fundamentals and brand recall. This temporary dip won't matter in long term. Smart investors should see this as buying opportunity if prices correct further.

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