More Stories

Informist, Friday, Jan. 16, 2026

By Arundathi A R

MUMBAI – Oberoi Realty is expected to report a double-digit on-year rise in both its bottom line and top line for the December quarter on the back of sustenance sales despite the absence of large project launches, according to analysts. However, on a sequential basis, the company's performance on both key metrics is expected to fall.

The leading real estate developer is expected to report an almost 14% on-year rise in its consolidated net profit to INR 7.04 billion for the reporting quarter, according to the average of estimates from seven brokerages. The company's consolidated net sales for the December quarter are expected to rise nearly 22% on year to INR 17.18 billion, according to the average of estimates. However, on a quarter-on-quarter basis, both net profit and net sales of the company are expected to fall over 7% and over 3%, respectively. Both net profit and net sales had risen 80% each in the September quarter.

This will be the slowest pace of on-year increase in the company's bottom line in 17 of the last 41 quarters in which it had posted an on-year rise in net profit. The company had reported an on-year decline in net profit in 12 of the 41 quarters for which data is available with Informist.

Motilal Oswal Financial Services Ltd. has the highest estimate for both net profit and net sales of the company at INR 8.71 billion and INR 18.55 billion, respectively. Similarly, HDFC Securities Ltd. has the lowest estimate for both net profit and net sales of the company at INR 6.11 billion and INR 15.12 billion, respectively.

Analysts expect modest growth for the real estate sector in the December quarter after a strong performance in the previous two quarters. "We expect to see modest pre-sales across our coverage universe, impacted by lower launch activity," Kotak Institutional Equities said in its report. The brokerage expects Oberoi Realty to report pre-sales of INR 15 billion with the help of sustenance sales alone.

Motilal Oswal expects the company's new bookings to fall 6% on year to INR 18 billion as there were no new launches during the reporting quarter. For the September quarter, Oberoi Realty's booking value was INR 13 billion, which was a 10% lower from the booking value of INR 14.42 billion in the year-ago quarter. For the first half of the current financial year, the company's booking value had risen 17% on year to INR 29.38 billion.

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

The residential segment of the real estate sector is expected to post strong growth in the December quarter. "We feel residential demand is expected to sustain at least in the near term; while there could be a minor moderation, the demand-supply scenario is healthy directionally with steady demand and comfortable inventory levels," according to JM Financial.

Kotak Institutional expects the company to report its residential segment revenue at INR 14.5 billion for the latest quarter. Oberoi Realty's residential segment revenue for the September quarter had risen 34% on year to INR 14.09 billion.

The company is expected to post a consolidated earnings before interest, tax, depreciation, and amortisation of INR 9.84 billion for the December quarter, according to the average of estimates. Motilal Oswal has the highest estimate of INR 11.93 billion for the company's EBITDA and HDFC has the lowest estimate of INR 8.59 billion. Motilal Oswal expects the company to post an EBITDA margin of 64% for the quarter.

Oberoi Realty will announce its earnings for the December quarter Monday. Market participants will watch out for the management commentary on the timelines for the launch of the Gurugram project.

Friday, shares of Oberoi Realty ended at INR 1,664.50 on the National Stock Exchange, up nearly 1% from the previous close. The stock is down over 1% since the company had reported its earnings for the September quarter on Oct. 15.

Of the 13 research reports on the stock available with Informist, eight have a "buy" recommendation, three have a "hold" recommendation, and two have a "sell" recommendation. The average target price for the "buy" recommendations is INR 2,105, which is over 26% above Friday's closing price.

The following are the Oct-Dec earnings estimates for Oberoi Realty from seven brokerages in descending order of the estimate of net profit in INR million:

End

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.