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Informist, Tuesday, Oct. 14, 2025

 

By Arundathi A R

 

MUMBAI – Oberoi Realty Ltd. is expected to see a recovery in its earnings in the September quarter, led by an increase in pre-sales following a decline in its top line and bottom line in the last two quarters, according to brokerages tracking the company. The company is expected to report robust earnings for the September quarter, with a double-digit on-year increase in its top line and a mid-single digit increase in bottom line.

 

Sequentially, both the bottom line and top line are seen rising in double digits. Oberoi Realty is likely to post a consolidated net profit of INR 6.21 billion for the September quarter, according to the average of estimates from four brokerages. This would mean a rise of over 5% on year and over 47% sequentially. The company is expected to report a consolidated net sales of INR 15.12 billion for the September quarter, up nearly 15% on year and over 53% on quarter, according to the estimates.

 

This will be the slowest pace of on-year increase in bottom line in 27 quarters of the last 39 quarters in which it had posted an increase in net profit. The company had reported an on-year decline in net profit in 12 of the 39 quarters for which data is available with Informist.

 

The highest estimate for net profit is INR 6.81 billion from Nuvama Wealth Management Ltd. and the lowest estimate is INR 5.76 billion from Kotak Institutional Equities. The highest estimate for the company's net sales of INR 16.97 billion is also by Nuvama while the lowest estimate of INR 14.24 billion is by Motilal Oswal Financial Services Ltd.

 

With the launch of the new tower Elysian in Goregaon, Mumbai, Oberoi Realty is expected to report healthy pre-sales of INR 15 billion, JM Financial Institutional Securities Pvt. Ltd. said. The new tower was launched with INR 9.7 billion of pre-sales, Kotak Institutional Equities said.

 

Oberoi Realty, a real estate developer, offers diverse range of projects, including residential, commercial, retail, and hospitality. The company has upcoming projects in Mumbai, Pune, and Gurugram.

 

The company is expected to post a consolidated earnings before interest, tax, depreciation, and amortisation of INR 8.91 billion for the September quarter, according to the average of estimates. Nuvama has the highest estimate of INR 9.65 billion for the company's EBITDA and JM Financial has the lowest estimate of INR 8.44 billion. Motilal Oswal expects the company to post an EBITDA of INR 9.1 billion and an EBITDA margin of 64% for the September quarter.

 

Oberoi Realty will announce its earnings for the September quarter on Wednesday. Management commentary on the impact of traction in bookings for its Thane and Worli projects in Mumbai and expectations on new project launches in FY26 will be closely monitored by the Street, according to Nuvama.

 

On Tuesday, shares of Oberoi Realty ended over 1% lower at INR 1,571 on the National Stock Exchange. The stock is down more than 14% from Jul. 21 when the company had reported its earnings for the June quarter.

 

Of the 13 research reports on the stock available with Informist, seven have a "buy" rating, four have a "hold" rating, and two have a "sell" rating. The average target price for the "buy" recommendations is INR 2,142.

 

The following are the Jul-Sept earnings estimates for Oberoi Realty from five brokerages in descending order of the estimate of net profit in INR million:

 

Brokerages	Net sales	Net profit	EBITDA
Nuvama Wealth Management Ltd.	16,966	6,810	9,647
Motilal Oswal Financial Services Ltd.	14,237	6,413	9,110
JM Financial Institutional Securities Pvt. Ltd.	14,785	5,846	8,439
Kotak Institutional Equities	14,510	5,756	8,461
Average	15,124.50	6,206.25	8,914.25

 

End

 

Edited by Subhojit Sarkar

 

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