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Oberoi Realty Profit Remains Flat at ₹761 Crore, Revenue Declines 6%
Sentiment: NeutralHigh Priority
What Happened?
Oberoi Realty reported a consolidated net profit of ₹761.65 crore for Q2 FY27, showing a slight increase of 0.2% year-on-year. However, revenue fell by 6.1% to ₹1,670.95 crore compared to the same quarter last year.
Key points
- Net profit for Q2 FY27 was ₹761.65 crore, up 0.2% from ₹760.26 crore in Q2 FY26.
- Revenue from operations decreased by 6.1% year-on-year to ₹1,670.95 crore.
- Sequentially, net profit rose 40.1% from ₹543.51 crore in Q1 FY27.
- Earnings before interest, tax, depreciation, and amortization (Ebitda) stood at ₹1,084.59 crore.
- The company declared a second interim dividend of ₹2 per equity share for FY27.
- Gross bookings for Three Sixty North in Gurugram reached approximately ₹8,109 crore.
Key insights
- The slight increase in net profit indicates effective cost management despite revenue decline.
- The dividend declaration may attract investor interest in a challenging market.
- The strong bookings at Three Sixty North suggest potential future revenue growth.
Why it matters
The financial performance reflects the company's stability amidst a declining revenue trend.
Tags
Entities
Oberoi Realty· CompanyMumbai· CityGurugram· City
Source
Business Standard
