Oberoi Realty's quarterly profit edges up on sale of existing projects

Oberoi Realty

19/01/2026 13:02

Jan 19 (Reuters) - India's Oberoi Realty OEBO.NS reported a 0.7% increase in quarterly profit on Monday, mainly aided by sales of existing housing projects in the key Mumbai market amid no fresh launches.

Consolidated net profit for the firm came in at 6.23 billion rupees ($68.6 million) for the October-December period, as compared to 6.18 billion a year ago. Revenue from operations rose nearly 6%.

The firm also flagged a one-off hit of 230.6 million rupees, as a part of a wage overhaul tied to India's new labour regulations.

For further earnings highlights, click here.

KEY CONTEXT

Luxury housing-focused Oberoi Realty had no new launches in the three months through December, analysts at Jefferies and Ambit Capital said, with inventory of previously-launched projects driving sales.

Indian real estate developers have capitalised on a post-pandemic shift in buyer preferences towards larger, amenity-rich apartments by securing land deals and swiftly launching new projects.

With the frenzy cooling in some parts of the country, homebuilders are pivoting from chasing higher sales towards timing launches as per shifts in demand, analysts have said.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Oberoi Realty
OEBO.NS
18.22
13.19
24.99
24.64
Buy
23
0.89
0.48
Lodha Developers
LODH.NS
26.20
18.40
18.06
23.84
Buy
17
0.72
0.40
Godrej Properties
GODR.NS
25.04
47.19
71.63
32.71
Buy
20
0.71
-
Kolte-Patil Developers
KOLT.NS
13.84
8.48
78.81
134.51
Strong Buy
3
0.76
-

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 90.86 Indian rupees

OEBO Q3 vs peers https://tmsnrt.rs/4sGXxw9

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Ronojoy Mazumdar and Harikrishnan Nair)

((Hritam.Mukherjee@thomsonreuters.com; X: MukherjeeHritam))