Oberoi Realty Misses Street Estimates, Softens the Blow with Dividend Delight

Oberoi Realty witnessed a steep 45% quarter-on-quarter decline in consolidated net profit in the March 31, 2025, quarter, with the earnings dropping to ₹433.2 crore from ₹788 crore in the corresponding quarter of the previous year. Operational revenue of the realty major also dipped 12.5%, at ₹1,150 crore, from ₹1,315 crore a year ago.

 

Analysts were looking for stronger numbers, with the quarter's net profit estimates at ₹5.73 billion and revenue at ₹16.17 billion based on consensus estimates. Sales and the lack of new projects being launched during the quarter hit the company hard, especially on its Thane project. A sharp rise in the cost of acquiring land also eroded profit.

 

In spite of the muted quarter's performance, Oberoi Realty board has announced a fourth interim dividend of ₹2 per equity share for the quarter. Record date for dividend is May 5, and the payment will start from May 26.

 

Company EBITDA margin declined to 53.7% from 60% in the previous year, indicating the effect of reduced income and increased expenses. Oberoi Realty shares closed yesterday 2.82% higher at ₹1,655.65 on the BSE following the announcement of the results.

 

Source: CNBC-TV18