Oberoi Realty profit drops 28 percent in Q1, announces Rs 2 interim dividend

Oberoi Realty experienced significant financial decline during the first quarter of fiscal year 2026, with consolidated net profit falling 28 percent to Rs 421 crore compared to Rs 585 crore the previous year. Revenue decreased nearly 30 percent to Rs 988 crore from Rs 1,405 crore during the same period. The company's EBITDA dropped 36.2 percent to Rs 520 crore while operating margins contracted to 52.7 percent from 58 percent. Despite weaker financial performance, business activity showed positive momentum across key metrics. The real estate developer recorded strong growth in operational indicators during the quarter.

Unit bookings rose 30.2 percent to 181 units while carpet area booked expanded 67.3 percent to 3.53 lakh square feet. Gross booking value surged 53.6 percent to Rs 1,639 crore from Rs 1,067 crore year-over-year. The board declared an interim dividend of Rs 2 per share with July 25 as the record date. Company shares remained unchanged at Rs 1,835.5 on the Bombay Stock Exchange before results were announced. The dividend payment will occur by August 7 for eligible shareholders.
 

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