India's Oberoi Realty falls after weak quarterly results

Oberoi Realty

20/01/2026 04:16

** Shares of Oberoi Realty OEBO.NS slip 4.7% to 1,577 rupees

** Indian real estate developer's Q3 net profit came in at 6.23 billion rupees; 0.7% increase from a year ago

** Q3 revenue from operations rose nearly 6%

** Co's Q3 presales missed expectations and was down 56% year-on-year

** JP Morgan ("Overweight"; PT: 2,050 rupees) says numbers are relatively weak; if pre-sales numbers continue to disappoint, the stocks outperformance could narrow

** Stock rated as "Buy" on average by 24 analysts; median PT at 1,850 rupees, per data compiled by LSEG

** Stock fell nearly 28% in 2025

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))