OBEROIRLTY
Oberoi Realty share price & financials
- Price
- ₹1,894.8
- Market cap
- ₹66.9k Cr
- Sector
- Realty
- Calls analysed
- 5
Oberoi Realty Limited Q1 FY27
What went well
- Three Sixty North launch in NCR received an overwhelming response, exceeding expectations.
- Annuity portfolio (Commerz I, II, III, Oberoi Mall) continues to perform well with near 100% occupancy.
- Sky City Mall reached 82% occupancy in its first year, with a target of near 100% within the current fiscal year.
What to watch
- Residential operating margins for Q1 FY27 were 51-52%, lower than the 55% reported in the last three quarters, attributed to project sales mix.
- Residential revenue recognition was lower at ₹8.8 billion in Q1 FY27, compared to ₹13-14 billion in the preceding three quarters, due to timing of payments and project completion.
What Oberoi Realty Limited does
Oberoi Realty designs, builds and sells premium residential towers and townships across Mumbai's key micro-markets, while also developing and leasing commercial office parks and shopping malls and operating a hotel. It earns from residential unit sales and rentals from its own commercial and retail assets, plus fees from property management and hospitality operations. Its flagship is the mixed-use Oberoi Garden City township in Goregaon East, alongside standalone residential and commercial towers across the Mumbai Metropolitan Region.
Segments
- Residential (Development)
- Rental (Commercial & Retail)
- Hospitality
- Property Management Services
- Real estate portfolio under development
- 37.2 million sq ft (as of March 2026)
- Total leasable area (Investment Properties)
- ~66.67 lakh sq ft (Commercial + Retail)
- Commercial office leasable area
- ~49.30 lakh sq ft across Commerz, Commerz II and Commerz III at International Business Park
- Retail mall leasable area
- ~17.37 lakh sq ft across Oberoi Mall and Sky City Mall
- Hotel keys
- 269 rooms at The Westin Mumbai Garden City
- Flagship integrated township
- Oberoi Garden City, Goregaon East, spread over ~83 acres
Guidance record · Q1 FY27
what the last two calls moved 18 tracked 3 delivered 7 missed 8 open- Commerz III Occupancy delivered, diluted said Q1 FY26 Promised: 100% within this year itself. Q1 FY27: Annuity portfolio, including Commerz III, continues to perform with near 100% occupancy, confirming the previously achieved status.
- Borivali Tower Launch went quiet said Q1 FY26 Promised: Q3 FY26 will see the launch of a new tower in Borivali. Q1 FY27: The specific Borivali tower launch, previously delayed to FY27, was not mentioned in the Q1 FY27 call or the updated launch pipeline.
- Sky City Mall Stability/Occupancy delayed said Q2 FY26 Promised: within this financial year we will achieve huge amount of stability. Q1 FY27: Occupancy increased to 82% from 72% last quarter, showing progress towards the new FY27 target. However, the original FY26 promise for 'huge stability' remains missed.
All 18 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 33.9%, net profit up 64.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,010 | 1,277 | 912 | 775 | 1,545 +53% | 1,180 −8% | 1,415 +55% | 1,038 +34% |
| EBITDA | 649 | 749 | 452 | 407 | 834 +29% | 654 −13% | 754 +67% | 588 +44% |
| Net profit | 464 | 537 | 309 | 309 | 618 +33% | 472 −12% | 570 +84% | 508 +64% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +8.0% 1Y
1Y: ₹1,611.7 on 10 Sept 2025 → ₹1,741.1. High ₹1,953.4 (6 Jul 2026), low ₹1,411.5 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.6%
- 20 Jul
- Q4 FY26
- −2.6%
- 11 May
- Q3 FY26
- −7.9%
- 20 Jan
- Q2 FY26
- +0.8%
- 17 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.9% a year over 3 years, FY23 to FY26. Operating margin widened to 53.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹4.0k Cr | ₹3.3k Cr | ₹4.4k Cr | ₹4.9k Cr |
| Operating profit | ₹2.0k Cr | ₹1.8k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Operating margin | 50.3% | 55.2% | 57.1% | 53.9% |
| Interest | ₹165 Cr | ₹207 Cr | ₹261 Cr | ₹232 Cr |
| Depreciation | ₹40 Cr | ₹46 Cr | ₹87 Cr | ₹99 Cr |
| Net profit | ₹2.7k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹2.0k Cr |
| Net margin | 67.7% | 44.7% | 40.5% | 40.1% |
| Cash from operations | ₹-3.1k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.4k Cr |
| Free cash flow | ₹-3.6k Cr | ₹1.1k Cr | ₹1.6k Cr | ₹884 Cr |
| ROCE | 24.0% | 12.0% | 15.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹364 Cr | ₹364 Cr | ₹364 Cr | ₹364 Cr | ₹364 Cr | ₹364 Cr |
| Reserves | ₹6.3k Cr | ₹6.7k Cr | ₹11.5k Cr | ₹12.6k Cr | ₹16.4k Cr | ₹15.7k Cr |
| Borrowings | ₹774 Cr | ₹1.7k Cr | ₹3.5k Cr | ₹2.4k Cr | ₹3.0k Cr | ₹2.8k Cr |
| Other liabilities | ₹523 Cr | ₹1.5k Cr | ₹2.0k Cr | ₹2.7k Cr | ₹4.2k Cr | ₹4.0k Cr |
| Total liabilities | ₹8.0k Cr | ₹10.2k Cr | ₹17.3k Cr | ₹18.1k Cr | ₹23.9k Cr | ₹22.9k Cr |
| Fixed assets | ₹730 Cr | ₹710 Cr | ₹948 Cr | ₹3.1k Cr | ₹4.7k Cr | ₹3.3k Cr |
| Capital work in progress | ₹302 Cr | ₹1.2k Cr | ₹2.8k Cr | ₹1.2k Cr | ₹1.7k Cr | ₹1.3k Cr |
| Investments | ₹683 Cr | ₹1.0k Cr | ₹666 Cr | ₹765 Cr | ₹2.0k Cr | ₹1.7k Cr |
| Other assets | ₹6.3k Cr | ₹7.3k Cr | ₹12.9k Cr | ₹13.0k Cr | ₹15.6k Cr | ₹16.7k Cr |
| Total assets | ₹8.0k Cr | ₹10.2k Cr | ₹17.3k Cr | ₹18.1k Cr | ₹23.9k Cr | ₹22.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −4.25 pp while DIIs added +4.03 pp. The shareholder count shrank 10% to 94,765.
- Promoters
- 67.7%
- FIIs
- 15.1%
- DIIs
- 14.8%
- Public
- 2.4%
Since Jun 2025
- FIIs −4.25 pp
- DIIs +4.03 pp
- Public +0.22 pp
How it drifted, 12 quarters
Over this window DIIs went from 11.6% to 14.8% — +3.2 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 67.7%, FIIs 17.8%, DIIs 11.6%, Public 2.8%.Dec '23: Promoters 67.7%, FIIs 17.4%, DIIs 12.1%, Public 2.8%.Mar '24: Promoters 67.7%, FIIs 17.0%, DIIs 12.8%, Public 2.5%.Jun '24: Promoters 67.7%, FIIs 18.1%, DIIs 12.3%, Public 1.9%.Sep '24: Promoters 67.7%, FIIs 18.4%, DIIs 11.9%, Public 1.9%.Dec '24: Promoters 67.7%, FIIs 20.2%, DIIs 10.1%, Public 2.0%.Mar '25: Promoters 67.7%, FIIs 20.0%, DIIs 10.2%, Public 2.1%.Jun '25: Promoters 67.7%, FIIs 19.4%, DIIs 10.8%, Public 2.1%.Sep '25: Promoters 67.7%, FIIs 16.1%, DIIs 13.8%, Public 2.4%.Dec '25: Promoters 67.7%, FIIs 16.6%, DIIs 13.5%, Public 2.3%.Mar '26: Promoters 67.7%, FIIs 15.4%, DIIs 14.6%, Public 2.3%.Jun '26: Promoters 67.7%, FIIs 15.1%, DIIs 14.8%, Public 2.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Kotak Midcap Fund Mutual fund +0.53 pp 2.91% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Oberoi Realty Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vikas Ranvir Oberoi | 58.55% | unchanged |
| R S Estate Developers Private Limited | 9.16% | unchanged |
| ICICI Prudential Multi-Asset Fund Mutual fund | 4.08% | −0.59 pp |
| Kotak Midcap Fund Mutual fund | 2.91% | +0.53 pp |
| SBI Equity Hybrid Fund Mutual fund | 2.22% | unchanged |
| Gayatri Vikas Oberoi | 0.00% | unchanged |
| Bindu Ranvir Oberoi | 0.00% | unchanged |
| Santosh R Oberoi | 0.00% | unchanged |
| Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in OBEROIRLTY
Filings to Aug 2026
0 new, 7 added, 4 trimmed, 0 sold out — net −15.35 L shares (−17.3%).
- Held by funds
- ₹1.4k Cr
- 19 schemes
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹543 Cr · 0.6% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Aggressive Hybrid Fund SBI Mutual Fund | ₹543 Cr | −15.87 L | Jul '25 |
| SBI Midcap Fund SBI Mutual Fund | ₹504 Cr | held | Aug '21 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹85 Cr | held | Jul '25 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹81 Cr | held | Oct '25 |
| SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund | ₹37 Cr | held | Oct '25 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹29 Cr | +0.54 L | Jun '26 |
| Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund | ₹21 Cr | +0.07 L | Jan '19 |
| SBI Retirement Benefit Fund - Aggressive Hybrid Plan SBI Mutual Fund | ₹16 Cr | held | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
7 added, 4 trimmed — net −15.35 L shares (−17.3%)
- Funds are sitting on
- +24%
- vs est. average cost
- Held by funds
- ₹1.4k Cr
- 19 schemes · ≈ 2.1% of the company
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹543 Cr · 0.6% of that fund
- Longest holder
- Nippon India ETF Nifty Midcap 150
- 7y 8m · since Jan '19
Shares held by these funds +206%
Aug '23 88.37 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Oberoi Realty Limited
Guides on how to read this kind of business and the numbers that matter.