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Oberoi realty reported strong pre-sales for Q2FY27 at ₹ 9149.7 crore

ICICIdirect Research 19 Oct 2026 DISCLAIMER

News: Oberoi realty reported strong pre-sales for Q2FY27 at ₹ 9149.7 crore (up 7x YoY, 8x QoQ) led by robust response for project 360 North (Gurugram) phase 1 launch booking value of ₹ 7891 crore (~86% of Q2FY27 pre-sales). Collections stayed healthy at ₹ 2277 crore (up 68% YoY, 120% QoQ). Consolidated revenues for Q2FY27 were down 6% YoY at ₹ 1671 crore (up 28% QoQ) owing to high base (residential revenue booking had increased 34% YoY to ₹ 1409 crore during Q2FY26 vs ₹ 1248 in Q2FY27). EBITDA margins continue its improving trend in Q2FY27 to 61% (higher 364 bps YoY and 456 bps QoQ) led by residential business (higher 546 bps YoY and bps 956 QoQ to 60.5%). Consolidated net profit was at ₹ 762 crore (flat YoY, up 40% QoQ). The company has declared ₹ 2 as interim dividend and the record date is 23rd October.

View:  Oberoi reported robust pre-sales during Q2FY27 on project launch in Gurugram Three Sixty North. Other projects also received a healthy sales response (₹1259 crore up 20% QoQ) of which Elysian is ₹ 351 crore and Three sixty west ₹ 278 crore. Going ahead, the company has planned a new tower launch at Elysian, Goregaon project. The residential collections stayed healthy improving both YoY and QoQ. Its Sky City Mall saw improvement in occupancy levels to 83% from 72% in Q4FY26. Margins improved significantly led by residential revenue booking.

Impact: Positive

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