Annual Report for FY2024-25 and notice of AGM to be held on July 2, 2025 through Video Conferencing/Other Audio Visual Means
Awaiting price reaction for this filing.
Oberoi Realty Limited submitted its 27th Annual Report for FY2024-25 along with the AGM notice for a meeting scheduled on July 2, 2025 via video conferencing. On a consolidated basis, total revenue rose 13.6% to ₹5,47,418 lakh and profit before tax grew 18.95% to ₹2,94,490 lakh, marking the company's highest-ever annual consolidated revenue. Standalone numbers were even stronger, with revenue up 25.91% to ₹4,55,807 lakh and PBT up 23.83% to ₹2,33,613 lakh. The board declared four interim dividends of ₹2 each, totalling ₹8 per share (80%) for FY25, same as the previous year. Key developments include the acquisition of Nirmal Lifestyle Realty, launch of Oberoi Garden City Thane and soft launch of Sky City Mall in Borivali, ₹1,50,000 lakh raised via NCDs, and Alpha Wave Ventures committing ₹1,25,000 lakh for a 21.74% stake in joint venture I-Ven Realty.
Record-high revenue, healthy profit growth, and a maintained ₹8 dividend reinforce operational strength for shareholders, though no fresh dividend hike may temper near-term excitement. The AGM will confirm the dividend as final, seek member approval on director matters, and ratify auditor remuneration.