The Mumbai-based developer reported a 6.1 percent decrease in revenue in the second quarter of fiscal year 27, reaching 1,670.95 crore rupees. During this quarter, the volume of bookings amounted to 9,149.69 crore rupees.
Oberoi Realty, a subsidiary of Oberoi Group, recorded consolidated net profit of 761.65 crore rupees in the second quarter (Q2) of fiscal year 27. This figure remained unchanged compared to last year, showing only a 0.2 percent increase over 760.26 crore rupees in the same quarter last year.
Nevertheless, the company's operating revenue in Q2 FY27 decreased by 6.1 percent year-on-year, totaling 1,670.95 crore rupees compared to 1,779.04 crore rupees in the corresponding quarter of FY26. Meanwhile, compared to the first quarter of FY27, net profit increased by 40.1 percent, reaching 543.51 crore rupees, and operating revenue grew by 28.5 percent from 1,300.89 crore rupees.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, noted that 'in the previous quarter, our businesses in residential, commercial, retail, and hospitality sectors continued to demonstrate stable results, reflecting the strength of our diversified portfolio.'
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q2 FY27 was 1,084.59 crore rupees. Furthermore, in July of the current year, the Mumbai-based developer registered gross bookings of approximately 8,109 crore rupees for the Three Sixty North project in Gurugram, which is its first luxury residential development in the National Capital Region (NCR).
Total bookings in Q2 FY27 reached 9,149.69 crore rupees, while for the first half of FY27 it stood at 10,199.57 crore rupees, higher than the 2,937.73 crore rupees recorded in the first half of FY26. The board of directors announced the payment of a second interim dividend of 2 rupees per share for FY27, equivalent to 20 percent of the face value of the 10 rupee share. The record date for shareholders is set for October 23, and dividend payments will commence on October 30.
The company's shares closed on the Bombay Stock Exchange at a price of 1,707.35 rupees per share, showing a growth of 0.23 percent by the end of the trading day.
