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Oberoi Realty Q2 FY27 results: net profit down 35.5% to ₹761.65 crore, revenue down 39.6%
Oberoi Realty Limited reported consolidated revenue of ₹1,671 crore and a net profit of ₹761.65 crore for Q2 FY27. Revenue fell 39.6% from Q2 FY26, while EBITDA of ₹1,019 crore was accompanied by a margin of 61.0%; against Q1 FY27, revenue rose 28.4% and net profit rose 40.1%.
Key points
- Consolidated revenue was ₹1,671 crore in Q2 FY27, down 39.6% from Q2 FY26 and up 28.4% from Q1 FY27.
- EBITDA was ₹1,019 crore, down 33.8% year-on-year and up 38.8% sequentially; EBITDA margin was 61.0%, up 5.3 percentage points from Q2 FY26.
- Net profit was ₹761.65 crore, down 35.5% from Q2 FY26 and up 40.1% from Q1 FY27; basic EPS was ₹20.95.
- On a standalone basis, revenue was ₹1,454.29 crore and net profit was ₹735.88 crore; revenue decreased 5.9% from the year-ago quarter.
- The board declared a second interim dividend of Rs. 2 per share for FY26-27, with 23 October 2026 as the record date.
How did Oberoi Realty perform in Q2 FY27?
Oberoi Realty reported consolidated revenue of ₹1,671 crore for Q2 FY27, down 39.6% from ₹2,767 crore in Q2 FY26 and up 28.4% from ₹1,301 crore in Q1 FY27. EBITDA was ₹1,019 crore, compared with ₹1,541 crore a year earlier and ₹734.14 crore in the previous quarter; the EBITDA margin was 61.0%, versus 55.7% and 56.4%, respectively. Net profit was ₹761.65 crore, down 35.5% from ₹1,182 crore in Q2 FY26 and up 40.1% from ₹543.51 crore in Q1 FY27. Basic EPS was ₹20.95, compared with ₹32.49 in the year-ago quarter and ₹14.95 in the previous quarter. The results were approved on a consolidated and standalone basis. On a standalone basis, revenue was ₹1,454.29 crore and net profit was ₹735.88 crore; standalone revenue decreased 5.9% from the year-ago quarter, which reported profit before tax of ₹618.06 crore for the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,671 | 1,301 | 2,767 | −39.6% | +28.4% |
| Other income | 65.42 | 60.80 | 152.23 | −57.0% | +7.6% |
| Total expenses | 744.94 | 654.17 | 1,437 | −48.2% | +13.9% |
| EBITDA | 1,019 | 734.14 | 1,541 | −33.8% | +38.8% |
| EBITDA margin | 61.0% | 56.4% | 55.7% | +5.3 pp | +4.6 pp |
| Profit before tax | 991.43 | 707.52 | 1,482 | −33.1% | +40.1% |
| Tax | 234.02 | 168.13 | 318.59 | −26.5% | +39.2% |
| Net profit | 761.65 | 543.51 | 1,182 | −35.5% | +40.1% |
| EPS (₹) | 20.95 | 14.95 | 32.49 | −35.5% | +40.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Oberoi Realty's costs and profit?
Total expenses were ₹744.94 crore in Q2 FY27, down ₹692.19 crore or 48.2% from ₹1,437 crore in Q2 FY26 but up ₹90.77 crore from Q1 FY27. Cost of materials rose ₹476.65 crore to ₹1,699.08 crore, while employee cost fell ₹47.72 crore to ₹18.90 crore, finance costs fell ₹87.98 crore to ₹58.14 crore and depreciation fell ₹30.03 crore to ₹35.02 crore; other expenses fell ₹18.96 crore to ₹77.81 crore. Other income was ₹65.42 crore, down ₹86.81 crore or 57.0% from ₹152.23 crore in Q2 FY26, while tax was ₹234.02 crore, down ₹84.57 crore or 26.5% from ₹318.59 crore. There was no exceptional item. Profit before tax was ₹991.43 crore, down ₹490.26 crore or 33.1% from ₹1,481.69 crore, and net profit was ₹761.65 crore, down ₹419.86 crore or 35.5%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1,699 | 1,222 | +476.65 | +39.0% |
| Employee cost | 18.90 | 66.62 | −47.72 | −71.6% |
| Finance costs | 58.14 | 146.12 | −87.98 | −60.2% |
| Depreciation | 35.02 | 65.05 | −30.03 | −46.2% |
| Other expenses | 77.81 | 96.77 | −18.96 | −19.6% |
| Total expenses | 744.94 | 1,437 | −692.19 | −48.2% |
| Other income | 65.42 | 152.23 | −86.81 | −57.0% |
| Tax | 234.02 | 318.59 | −84.57 | −26.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹28,618.17 crore at 30 September 2026, compared with ₹25,328.48 crore at 31 March 2026. Total equity rose to ₹19,089.92 crore from ₹17,921.63 crore, while borrowings fell to ₹2,629.96 crore from ₹2,816.23 crore and cash increased to ₹393.72 crore from ₹175.68 crore. Inventories were ₹11,800.8 crore at the quarter end, against ₹10,183.22 crore at the previous balance sheet date. Trade receivables increased to ₹534.53 crore from ₹324.04 crore, and trade payables rose to ₹692.52 crore from ₹492.02 crore. For the first half of FY27, operating cash flow was ₹1,035.03 crore, compared with ₹898.05 crore in H1 FY26. Investing cash flow was an outflow of ₹396.27 crore, against an outflow of ₹469.09 crore, and financing cash flow was an outflow of ₹420.72 crore, compared with an outflow of ₹555.2 crore. Capital expenditure was ₹226.8 crore, against ₹0.0 in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 28,618 | 25,328 |
| Total equity | 19,090 | 17,922 |
| Borrowings | 2,630 | 2,816 |
| Cash and equivalents | 393.72 | 175.68 |
| Inventories | 11,801 | 10,183 |
| Trade receivables | 534.53 | 324.04 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 1,035 | 898.05 |
| Cash from investing | −396.27 | −469.09 |
| Cash from financing | −420.72 | −555.20 |
| Capital expenditure | 226.80 | 0 |
Source: Company's results filing (XBRL).
How has Oberoi Realty done over the last 8 quarters?
Revenue over the last eight quarters peaked at ₹2,766.59 crore in Q2 FY26 and bottomed at ₹987.55 crore in Q1 FY26. It subsequently fell to ₹1,300.89 crore in Q1 FY27 before rising to ₹1,670.95 crore in Q2 FY27. Net profit peaked at ₹1,181.51 crore in Q2 FY26 and bottomed at ₹421.25 crore in Q1 FY26. It was ₹543.51 crore in Q1 FY27 and rose to ₹761.65 crore in Q2 FY27. The EBITDA margin reached 61.0% in Q2 FY27, compared with its low of 52.7% in Q1 FY26.
Which businesses drove the quarter?
Real estate was the main reported segment, generating revenue of ₹1,625.34 crore and EBIT of ₹998.65 crore in Q2 FY27. Revenue decreased 39.3% from ₹2,679.33 crore in Q2 FY26, while EBIT was ₹998.65 crore against ₹1,522.32 crore; the reported EBIT margin was 61.4%. The hospitality segment reported revenue of ₹45.61 crore and EBIT of ₹15.42 crore. Revenue decreased 47.7% from ₹87.26 crore in the year-ago quarter, and EBIT was lower than ₹31.27 crore; the reported EBIT margin was 33.8%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Real estate | 1,625 | −39.3% | 998.65 | 61.4% |
| Hospitality | 45.61 | −47.7% | 15.42 | 33.8% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board declared a second interim dividend of Rs. 2 per share for FY26-27, equal to 20% of the face value of equity shares of Rs. 10/- each. The record date was 23 October 2026, and payment was scheduled to begin from 30 October 2026. The board also approved the appointment of B S R & Co. LLP as statutory auditors for five years, from the conclusion of the 29th Annual General Meeting in 2027 until the conclusion of the 34th Annual General Meeting in 2032, subject to members' approval. The company also shared its Q2 FY27 investor presentation with the exchanges. It approved the incorporation of a wholly owned subsidiary in a same-day board update.
How did Oberoi Realty shares react?
The stock moved lower after the after-market filing, falling 1.5% within five minutes, 1.9% within 15 minutes and 1.8% within 30 minutes. It closed 1.6% below its pre-results close on the reaction day. By the next day's close, the stock was down 3.3% from that pre-results close, and by the fifth session it was down 4.9%. The Residential Commercial Projects median was down 1.7% on the reaction day, down 4.1% by the next close and down 5.2% by the fifth close. Oberoi Realty therefore exceeded the sector median by 0.1 percentage point on the reaction day, 0.9 percentage point by the next close and 0.3 percentage point by the fifth close. Earlier reaction-day moves were mixed: the shares were up 0.2% on 17 July 2026, down 4.3% on 8 May 2026 and down 8.2% on 19 January 2026. Other prior moves included an increase of 5.1% on 15 October 2025 and declines of 0.8% on 21 July 2025 and 7.6% on 20 January 2025.
| After the filing | Stock | Residential Commercial Projects median |
|---|---|---|
| 5 minutes | −1.5% | |
| 15 minutes | −1.9% | |
| 30 minutes | −1.8% | |
| Reaction day | −1.6% | −1.7% |
| Next day | −3.3% | −4.1% |
| 5 days | −4.9% | −5.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 17 July 2026 | +0.2% |
| 8 May 2026 | −4.3% |
| 19 January 2026 | −8.2% |
| 15 October 2025 | +5.1% |
| 21 July 2025 | −0.8% |
| 20 January 2025 | −7.6% |
| 18 October 2024 | +3.0% |
| 19 July 2024 | +4.5% |
Source: MarketPing price-reaction measurement.
How did other Residential Commercial Projects companies do?
Among 35 Residential Commercial Projects companies compared for the quarter, the median revenue growth was 27.1%. Oberoi Realty's revenue decreased 39.6% from the year-ago quarter, while 3 peers grew slower than the company and 32 grew faster than the company. Profit increased for 21 of the 35 peers whose profit was compared. The peer data was available as of 4 November 2026, while Oberoi Realty announced its Q2 FY27 results on 16 October 2026.
| Oberoi Realty revenue growth (YoY) | −39.6% |
|---|---|
| Median of 35 other Residential Commercial Projects companies | +27.1% |
| Companies with slower revenue growth than Oberoi Realty | 3 of 35 |
| Companies with faster revenue growth than Oberoi Realty | 32 of 35 |
| Companies whose net profit rose | 21 of 35 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Oberoi Realty's revenue in Q2 FY27?
Revenue from operations was ₹1,671 crore, down 39.6% from ₹2,767 crore in Q2 FY26 (consolidated).
Did Oberoi Realty make a profit in Q2 FY27?
Yes. Net profit was ₹761.65 crore, against a net profit of ₹1,182 crore in Q2 FY26.
What was Oberoi Realty's EPS in Q2 FY27?
Basic earnings per share were ₹20.95, against ₹32.49 in Q2 FY26.
How did Oberoi Realty shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.6% from the previous close; the median Residential Commercial Projects stock moved −1.7%.
When did Oberoi Realty announce its Q2 FY27 results?
On 16 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Consideration Of Specified Matters (BSE, 9 October 2026) · PDF
- Outcome of Board Meeting (NSE, 16 October 2026) · PDF
- Press Release (NSE, 16 October 2026) · PDF
- The earnings call (19 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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