OBEROIRLTY - Oberoi Realty
📢 Recent Corporate Announcements
Oberoi Realty's joint venture, I-Ven Realty (39.13% stake), has signed a strategic agreement with Switzerland-based Aman Group SARL for a prime 4-acre land parcel in Worli, Mumbai. The project will feature an ultra-luxury hotel with approximately 80 rooms and branded residences spanning 150,000 to 200,000 sq. ft. of carpet area. The hotel is scheduled to become operational by August 31, 2032, under a 25-year management contract with a 10-year extension option. This partnership with a globally renowned luxury brand is expected to significantly enhance the premium positioning and realization value of the Worli development.
- JV I-Ven Realty (ORL holds 39.13%) signs Hotel Management and Residences Branding agreements with Aman Group.
- Project includes an 80-room luxury hotel and 1.5-2.0 lakh sq. ft. of branded residential carpet area for sale.
- The development is located on a high-value 4-acre land parcel at Dr. Annie Besant Road, Worli, Mumbai.
- Management agreement has an initial tenure of 25 years with an automatic 10-year extension.
- Hotel operations are targeted to commence by August 31, 2032.
Oberoi Realty has provided a detailed breakdown of its Rs 5,400 crore bid for an 11-acre land parcel in Bandra East, Mumbai, from the Railway Land Development Authority (RLDA). The bid amount is the Net Present Value (NPV) of payments, with an initial cash outflow of Rs 495 crore within 150 days. The remaining Rs 4,905 crore NPV will be paid through a 45% revenue-sharing model until 2038, using a discount rate of 10.75%. This prime location offers a massive development potential of 19.50 lakh sq. ft. over a 99-year lease period.
- Total bid of Rs 5,400 crore (NPV) for 99-year lease of 45,371 sq. mt. land in Bandra East
- Initial payment of Rs 495 crore to be made within 150 days of RLDA demand letter
- Balance NPV of Rs 4,905 crore to be settled via 45% share of gross revenues till 2038
- Project offers significant FSI potential of approximately 19.50 lakh sq. ft.
- Company to bear all development and construction costs in addition to the lease payments
Oberoi Realty has emerged as the highest bidder for a prime 11-acre (45,371 sq. mt.) land parcel in Bandra East, Mumbai, offered by the Railway Land Development Authority (RLDA). The company's bid stands at Rs 5,400 crore for a 99-year lease. The site offers a significant development potential of approximately 19.50 lakh sq. ft. of FSI. This acquisition, if finalized, will significantly bolster Oberoi's project pipeline in one of Mumbai's most premium micro-markets.
- Highest bid of Rs 5,400 crore for 11 acres of railway land in Bandra East
- Total development potential of approximately 19.50 lakh sq. ft. of FSI
- Lease period for the land development is set for 99 years
- Strategic location adjoining the Western Express Highway in Mumbai
Oberoi Realty Limited has announced its participation in three significant institutional investor conferences scheduled for February 2026. The company will attend the Nuvama 21st India Conference on February 9, followed by Axis Capital's Advantage India Flagship Conference on February 12. Finally, it will participate in the Kotak Securities Chasing Growth 2026 event on February 23. These in-person meetings in Mumbai will involve one-on-one and group discussions based on previously disclosed quarterly presentations.
- Participation in Nuvama 21st India Conference on February 9, 2026
- Scheduled for Axis Capital's Advantage India Flagship Conference on February 12, 2026
- Engagement at Kotak Securities Chasing Growth 2026 event on February 23, 2026
- All meetings are scheduled as in-person sessions in Mumbai
- Company confirmed no unpublished price sensitive information (UPSI) will be shared
Oberoi Realty, through a consortium including its subsidiary and promoters, has received NCLT approval to acquire Hotel Horizon Private Limited (HHPL) under the Insolvency and Bankruptcy Code. The total acquisition cost is ₹420.34 Crore, which includes the settlement of various creditor claims and ₹4 Crore for 100% equity ownership. The primary asset is a significant 18,200 sq. meter land parcel in the premium Juhu area of Mumbai, overlooking the Arabian Sea. This acquisition is expected to bolster Oberoi Realty's luxury hospitality or residential portfolio in a high-demand micro-market.
- Acquisition of 100% equity in Hotel Horizon Private Limited for a total consideration of ₹420.34 Crore.
- Secures a prime 18,200 sq. meter land parcel in Juhu, Mumbai, featuring Arabian Sea views.
- Resolution plan approved by the NCLT Mumbai Bench on October 1, 2024.
- Payment to be completed within 90 days from the NCLT order date to various creditors.
- Consortium includes Oberoi Realty Ltd, Incline Realty Pvt Ltd, and promoters Vikas Oberoi and Bindu Oberoi.
Oberoi Realty has officially released the transcript for its Q3FY26 earnings conference call held on January 20, 2025. The document provides a detailed record of management's commentary on the company's financial performance and business updates for the third quarter. This filing is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency for all shareholders. Investors can access the full discussion regarding project execution and market outlook on the company's website.
- Transcript of the Q3FY26 earnings call held on January 20, 2025, is now available.
- Filing compliant with Regulations 30 and 46 of SEBI (LODR) Regulations, 2015.
- Document provides management insights into business updates and financial results.
- The transcript is hosted on the company's official website under the Investors section.
Oberoi Realty has appointed Ms. Aditi Mittal as Executive Vice President - Business Head (North Zone) effective January 28, 2026. Ms. Mittal is a seasoned professional with over 19 years of experience in Real Estate, Cement, and Consulting, specializing in Strategic Planning and Sales. This marks a return to the company for Ms. Mittal, who previously served at Oberoi Realty for over five years between 2013 and 2018. Her appointment is expected to strengthen the company's leadership and operational focus in the North Zone.
- Ms. Aditi Mittal appointed as Executive Vice President - Business Head (North Zone) effective January 28, 2026
- Brings over 19 years of experience in Investor Relations, Strategic Planning, and Project Management
- Educational qualifications include being a Chartered Accountant and an MBA from the Indian School of Business (ISB)
- Previously associated with Oberoi Realty from May 2013 to October 2018 and most recently worked with Dalmia Bharat Limited
Oberoi Realty Limited has officially released the audio recording of its Q3FY26 earnings conference call held on January 20, 2026. The recording covers management's discussion on the company's financial performance and provides critical business updates for the third quarter. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations to ensure equitable access to information for all investors. The recording is available for public access on the company's official investor relations webpage.
- Audio recording of the Q3FY26 results and business updates call is now live.
- The conference call was conducted on January 20, 2026, following the quarterly results announcement.
- Compliance maintained with Regulations 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Investors can access the file via the company's website under the 'Financial Results' section.
Oberoi Realty Limited has released its investor presentation for the third quarter of FY26, providing a detailed update on its financial and operational performance. The presentation, published on January 19, 2026, serves as a supplementary document to the quarterly financial results. It offers insights into project-wise sales, collections, and the company's strategic outlook for the Mumbai real estate market. Investors can access the full document on the company's official website under the financial results section.
- Official release of the Q3FY26 investor presentation on January 19, 2026
- Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Detailed operational metrics and financial result updates included in the presentation
- Document available for public review on the company's investor relations portal
Oberoi Realty reported a steady financial performance for Q3FY26, with consolidated revenue increasing by 6.9% YoY to Rs 1,561.74 crore. Net profit for the quarter saw a marginal rise to Rs 622.50 crore, up from Rs 617.82 crore in the previous year. For the nine-month period (9MFY26), the company recorded a total revenue of Rs 4,480.56 crore and a PAT of Rs 1,802.96 crore. Management indicated that luxury residential demand remains robust and commercial leasing activity is consistent, supported by a strong development pipeline.
- Consolidated Revenue for Q3FY26 rose to Rs 1,561.74 crore versus Rs 1,460.27 crore in Q3FY25.
- Profit After Tax (PAT) for Q3FY26 stood at Rs 622.50 crore compared to Rs 617.82 crore YoY.
- EBITDA for Q3FY26 was reported at Rs 926.36 crore, maintaining healthy operational margins.
- 9MFY26 Revenue reached Rs 4,480.56 crore, showing growth from Rs 4,260.84 crore in 9MFY25.
- Management plans to actively pursue new land opportunities in 2026 to fuel future growth.
Oberoi Realty has appointed Ms. Akashi Modi as General Manager - Investor Relations, effective January 19, 2026. Ms. Modi is classified as Senior Management Personnel and brings over 15 years of experience in finance and corporate consultancy. Her previous professional background includes significant roles at Sunteck Realty Limited and JP Morgan India Pvt Ltd. This appointment is expected to strengthen the company's engagement with the institutional investment community.
- Appointment of Ms. Akashi Modi as GM - Investor Relations effective January 19, 2026
- Ms. Modi brings over 15 years of experience in finance, corporate IR, and financial modelling
- Professional history includes tenures at Sunteck Realty Limited and JP Morgan India Pvt Ltd
- Educational qualifications include an MS in Finance and a CFA from ICFAI University
Oberoi Realty has announced its third interim dividend for the financial year 2025-26 at Rs 2 per equity share. This payout represents 20% of the face value of Rs 10 per share. The company has fixed January 23, 2026, as the record date to determine eligible shareholders. The dividend distribution is expected to be completed on or before February 5, 2026.
- 3rd interim dividend declared at Rs 2 per equity share for FY25-26
- Dividend payout is 20% of the face value of Rs 10 per share
- Record date for dividend eligibility is set for January 23, 2026
- Payment to be processed on or before February 5, 2026
Oberoi Realty has announced its third interim dividend for the financial year 2025-26 at Rs 2 per equity share, which is 20% of the face value of Rs 10. The company has established January 23, 2026, as the record date to identify eligible shareholders for this payout. Payment for the dividend is scheduled to be processed on or before February 5, 2026. This consistent dividend distribution highlights the company's steady cash flow and commitment to shareholder returns.
- 3rd interim dividend declared at Rs 2 per equity share for FY25-26
- Dividend represents 20% of the face value of Rs 10 per share
- Record date for eligibility fixed as January 23, 2026
- Dividend payment to be completed on or before February 5, 2026
Oberoi Realty has announced its third interim dividend for the financial year 2025-26 at Rs 2 per equity share. This dividend represents 20% of the face value of Rs 10 per share. The company has fixed January 23, 2026, as the record date for determining shareholder eligibility. The payout is scheduled to be completed on or before February 5, 2026, demonstrating consistent cash returns to shareholders.
- 3rd interim dividend declared at Rs 2 per equity share for FY 2025-26
- Dividend payout represents 20% of the face value of Rs 10 per share
- Record date for dividend eligibility is set for January 23, 2026
- Payment to be disbursed starting on or before February 5, 2026
Oberoi Realty reported a consolidated net profit of ₹622.64 crore for the quarter ended December 31, 2025, representing a marginal 0.7% growth year-on-year. Revenue from operations stood at ₹1,492.64 crore, up 5.8% compared to ₹1,411.08 crore in the same quarter last year. The company declared its third interim dividend of ₹2 per share for the financial year 2025-26. Financials were slightly impacted by a one-time exceptional charge of ₹23.06 crore related to the implementation of new Labour Codes.
- Consolidated Revenue from operations increased 5.8% YoY to ₹1,492.64 crore.
- Net Profit stood at ₹622.64 crore, nearly flat YoY but down 18% sequentially from Q2 FY26.
- Operating margins remained healthy at 55.89%, though lower than the 60.67% recorded in Q3 FY25.
- Board declared a 3rd interim dividend of ₹2 per equity share (20% of face value).
- Debt-equity ratio improved significantly to 0.17 from 0.23 in the previous year's quarter.
Financial Performance
Revenue Growth by Segment
Total Revenue for FY25 reached INR 5,474.18 Cr, a 13.60% increase YoY. Segmental growth was led by Rental and related revenues which grew 48.00% to INR 869.39 Cr, followed by Property Management Services at 47.64% (INR 73.03 Cr), Residential Projects at 12.00% (INR 4,106.25 Cr), and Hospitality at 8.82% (INR 191.89 Cr).
Geographic Revenue Split
Revenue is 100% concentrated in the Mumbai Metropolitan Region (MMR), India. Key project contributions include Worli (Three Sixty West), Borivali (Sky City), Goregaon (Oberoi Garden City), and the newly launched Thane project (Jardin).
Profitability Margins
Net Profit Margin improved from 39.98% in FY24 to 40.65% in FY25. For H1FY26, the Net Profit Margin stood at 40.48%. Profitability is driven by high-margin luxury residential sales and increasing contributions from the annuity (rental) portfolio.
EBITDA Margin
EBITDA Margin increased to 58.70% in FY25 from 53.60% in FY24, an improvement of 510 bps. This was primarily due to higher sales realizations in residential projects and increased occupancy in commercial assets like Commerz III.
Capital Expenditure
Capital Work in Progress (CWIP) stood at INR 1,604.38 Cr as of March 31, 2025, a decrease of 40.68% YoY as major projects like Commerz III and Sky City Mall transitioned to Investment Properties, which grew 56.67% to INR 4,440.14 Cr.
Credit Rating & Borrowing
The company maintains a 'CARE AA+; Stable' rating for long-term bank facilities and NCDs, and 'CARE A1+' for Commercial Paper. Borrowing costs are optimized through a low Net Debt to Equity ratio of -0.02 as of H1FY26, indicating a net cash position.
Operational Drivers
Raw Materials
Key construction inputs include steel, cement, and specialized finishing materials. Operating costs, which include these materials, totaled INR 1,844.98 Cr in FY25, representing 34.9% of revenue from operations.
Import Sources
Primarily sourced from domestic suppliers within India, specifically Maharashtra and neighboring states, to support projects in the Mumbai Metropolitan Region.
Key Suppliers
Not specifically named in the documents, but procurement is managed through a centralized system to leverage scale across multiple MMR projects.
Capacity Expansion
Investment Properties GLA (Gross Leasable Area) expanded significantly with the addition of Commerz III (Office) and Sky City Mall. Commerz III achieved 69.48% occupancy in its first year (FY25), while Sky City Mall reached 87% occupancy by Q2FY26.
Raw Material Costs
Operating costs grew by only 2.86% YoY in FY25 (INR 1,844.98 Cr) despite a 17.58% increase in revenue from operations, indicating strong cost control and higher realization-led growth rather than volume-led cost increases.
Manufacturing Efficiency
Occupancy levels serve as the primary efficiency metric: Oberoi Mall (99%), Commerz II (96%), and The Westin Mumbai Garden City (80.94%) as of Q2FY26/FY25.
Logistics & Distribution
Not disclosed as a separate percentage; distribution is primarily related to marketing and brokerage for residential sales.
Strategic Growth
Expected Growth Rate
15-18%
Growth Strategy
Growth will be achieved through the launch of the Thane Pokhran Road project (Jardin), which is expected to see steady-state revenue next year. Additionally, the company is scaling its annuity income through Commerz III leasing and the ramp-up of Sky City Mall, alongside price hikes in sustenance sales at Sky City.
Products & Services
Luxury residential apartments, premium office spaces (Lease), retail mall spaces (Lease), and hospitality services (Hotel rooms and F&B).
Brand Portfolio
Oberoi Realty, Three Sixty West, Sky City, Oberoi Mall, Commerz, The Westin Mumbai Garden City.
New Products/Services
Launch of the 'Jardin' project in Thane and the operationalization of Commerz III and Sky City Mall are expected to contribute significantly to the 48% growth seen in the rental segment.
Market Expansion
Expansion is focused on deepening the footprint in the Mumbai Metropolitan Region (MMR), specifically Thane and the Western Suburbs.
Market Share & Ranking
One of the leading premium developers in the Mumbai Metropolitan Region (MMR) by value and brand perception.
Strategic Alliances
Joint venture for the 'Three Sixty West' project in Worli, which contributed INR 7.63 Cr in share of profit for FY25.
External Factors
Industry Trends
The industry is shifting toward branded developers as customers prioritize execution certainty. The luxury segment in Mumbai is currently outperforming the broader market with a growth rate of approximately 10-12% in realizations.
Competitive Landscape
Competes with other premium Mumbai developers like Lodha (Macrotech), Godrej Properties, and DLF (in the luxury segment).
Competitive Moat
The moat is built on a premium brand image ('Oberoi' name) and a debt-averse balance sheet. This allows the company to hold inventory during market downturns rather than resorting to distress sales, maintaining long-term pricing integrity.
Macro Economic Sensitivity
Highly sensitive to interest rate cycles and luxury consumer sentiment in Mumbai. A 1% rise in interest rates typically impacts residential affordability for the mid-to-high income segment.
Consumer Behavior
Increasing preference for 'integrated developments' that combine residential, retail, and office spaces, as seen in the success of the Oberoi Garden City ecosystem.
Geopolitical Risks
Minimal direct impact as operations are localized to Mumbai, though global economic slowdowns can affect corporate leasing demand for office spaces.
Regulatory & Governance
Industry Regulations
Strict adherence to RERA (Real Estate Regulatory Authority) norms for project registrations and customer advances. Compliance with Mumbai's Development Control and Promotion Regulations (DCPR).
Environmental Compliance
ESG risks are managed through sustainable building designs; however, specific compliance costs in INR are not disclosed.
Taxation Policy Impact
Effective tax rate is approximately 24-25%, with Profit Before Tax of INR 2,944.90 Cr and Profit After Tax of INR 2,225.51 Cr in FY25.
Legal Contingencies
Not disclosed in available documents with specific INR values.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timing of revenue recognition for new projects like Jardin, which initially recognizes revenue equal to cost until a specific margin threshold is hit, potentially depressing reported margins by 5-10% in the short term.
Geographic Concentration Risk
100% of revenue is derived from the Mumbai Metropolitan Region (MMR), making the company highly vulnerable to local regulatory changes or economic shifts in a single city.
Third Party Dependencies
Dependency on government authorities for timely occupation certificates (OC) and construction permits.
Technology Obsolescence Risk
Low risk; however, the company is adopting digital sales platforms and advanced construction techniques to mitigate execution delays.
Credit & Counterparty Risk
Low risk in residential due to RERA-mandated escrow accounts; rental counterparty risk is mitigated by leasing to high-credit-quality corporate tenants.