Oberoi Realty stock holds profit as Q2 revenue slips 6.1%

Published on 11/04/2026 at 02:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oberoi Realty stock reported resilient second-quarter profit despite softer operating revenue. First-half earnings and bookings remained key investor focus points.

Profit Holds as Revenue Softens

Oberoi Realty's second-quarter profit was broadly stable despite weaker operating revenue.
First-half profit and operating revenue increased year on year.
The board approved a second interim dividend of INR 2 per share.

Oberoi Realty, INE093I01010, Illustration mit AI erstellt.

Oberoi Realty reported broadly stable profit for the quarter ended September 30, 2026, as revenue from operations declined. CNBC TV18 reported on October 16 that consolidated net profit rose 0.2 percent year on year to INR 761.7 crore, while operating revenue fell 6.1 percent to INR 1,671 crore.

EBITDA was nearly unchanged at INR 1,019.2 crore, but the operating margin widened to 60.99 percent from 57.35 percent. Lower finance costs also supported earnings, falling to INR 58.1 crore from INR 71.2 crore in the year-earlier quarter.

Bookings and Dividend Support Outlook

The real estate segment generated INR 1,625.3 crore in revenue, down from INR 1,734.4 crore a year earlier. Hospitality revenue increased modestly to INR 45.6 crore from INR 44.6 crore, providing a small counterweight to the weaker property contribution.

For the six months ended September 30, consolidated net profit increased 10.5 percent year on year to INR 1,305.2 crore, while operating revenue reached INR 2,971.8 crore versus INR 2,766.6 crore in the comparable period. The board declared a second interim dividend of INR 2 per share for fiscal 2027; the record date was October 23 and payments were scheduled to begin on October 30.

The company also redeemed INR 135 crore of Series 2 non-convertible debentures during the quarter. Its debt-equity ratio stood at 0.14 at September 30, compared with 0.18 a year earlier, according to the CNBC TV18 report.

Business Model and Peer Position

Oberoi Realty develops premium, luxury and ultra-luxury projects across residential, commercial, retail and hospitality segments. The company says its current projects are concentrated in Mumbai and Thane, with its head office in Mumbai. Business Today lists DLF, Macrotech Developers and Prestige Estates Projects among its peers, while Oberoi Realty occupies a more Mumbai-focused niche within that listed real-estate group.