Oberoi Realty profit remains flat at ₹761 crore, revenue declines 6%

Mumbai-based Oberoi Realty Limited reported a slight rise of 0.2 percent in its net profit for the second quarter of fiscal year 2027 (Q2 FY27). The real estate developer's profit stood at Rs 761.65 crore, compared to Rs 760.26 crore in the same period last year. However, the company's revenue from operations fell by 6.1 percent, dropping from Rs 1,779.04 crore to Rs 1,670.95 crore. The unaudited financial results were filed with the stock exchanges on Friday.

Consolidated total income for Q2 FY27 was Rs 1,736.37 crore, a 5.9 percent decline from Rs 1,844.84 crore in the previous year's quarter. Total expenses decreased by 13.7 percent, falling from Rs 863.35 crore to Rs 744.94 crore. Profit before tax amounted to Rs 995.67 crore, matching the previous quarter's figure. Basic earnings per share rose marginally to Rs 20.95, up from Rs 20.91.

On a quarter-over-quarter basis, the company's net profit surged by 40.1 percent, reaching Rs 543.51 crore in Q1 FY27 from Rs 543.51 crore in Q2 FY26. Revenue from operations grew by 28.4 percent, increasing from Rs 1,300.89 crore to Rs 1,670.95 crore. Total income also climbed by 27.5 percent, reaching Rs 3,098.06 crore. Profit before tax rose by 39.9 percent, hitting Rs 711.64 crore.

In the half-year period ending September 30, 2026, Oberoi Realty's consolidated net profit climbed by 10.5 percent to Rs 1,305.16 crore, compared to Rs 1,181.51 crore in H1 FY26. Revenue from operations expanded by 7.4 percent to Rs 2,971.84 crore, up from Rs 2,766.59 crore. Total income grew by 6.1 percent to Rs 3,098.06 crore.

The real estate segment generated Rs 1,625.34 crore in revenue, while the hospitality segment contributed Rs 45.61 crore. The company's board announced a second interim dividend of Rs 2 per equity share for FY27. The company also redeemed Rs 135 crore worth of Series 2 non-convertible debentures.