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Earnings Call Transcript

Oberoi Realty Earnings Call Transcript: Key Takeaways

Oberoi Realty delivers a blockbuster NCR entry with 360 North, while maintaining luxury margins despite investor concerns over execution scalability and regional litigation.

Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growthExceptional growth driven by NCR launch and strong annuity portfolio performance.
MarginsHealthy margins (51-52%) maintained, though project mix causes slight fluctuations.
Order bookSignificant pipeline with several large-scale Mumbai and NCR phases pending launch.
Demand visibilityStrong; NCR launch saw overwhelming response with 100% allotment completed.
Management confidenceExtremely confident, particularly regarding regional expansion and high-volume execution capabilities.

Growth

Growth is high-quality and volume-led, with 80 billion sales achieved in Gurgaon, significantly exceeding prior internal expectations.

Outlook

NCR sales projected to reach 100-120 billion annually in FY27-FY28; multiple Mumbai launches planned for FY27.

Risks

Litigation in NCR and potential execution bottlenecks when scaling to multiple high-rise projects simultaneously across regions.

Source

Earnings Call Transcript filed with NSE, NSE: OBEROIRLTY. Summary written with AI assistance from the document.

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Oberoi Realty Ltd: key numbers

Share price
₹1,858.50
Market cap
₹67,575 Cr
Revenue (annual)
₹6,009 Cr
Net profit (annual)
₹2,507 Cr
P/E (TTM)
25.7×Sector 35.8×
Promoter holding
67.70%+0.00% QoQ
FII holding
15.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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