The shares of this Mumbai-based Real Estate Development company fell over 8% on Tuesday after their Q3 results didn’t meet market expectations.
Share price movement
With a market capitalization of ₹72,774 crores, at around 2:15 pm Tuesday, the shares of Oberoi Realty Ltd were trading at ₹1,865 per share, around 7% down from its previous close of ₹2002.90 apiece, and the Nifty Realty Index was down by approximately 3%.
Reason for the fall in share price
Oberoi Realty posted positive Q3 results. Net Profits increased from ₹360.15 Crores in Q3FY24 to ₹618.38 Crores in Q3FY25, an increase of around 72% YoY. Revenues increased from ₹1053.60 Crores to ₹1411.08 Crores. Despite this, it fell short of the Bloomberg Consensus of ₹1601 Crores and ₹ 725.63 Crores for revenues and net profits, respectively. The EBITDA margin for Q3FY25 was 83% which was lower than Q2FY25 of 92%.
Projects of the company
Some of the company’s major residential projects include Elysian, with a carpet area of 21,77,157 Sqft and a booking value of ₹5,23,501 Lakhs, and Jardin, with a carpet area of 11,05,124 Sqft and a booking value of Rs. 1,33,263 Lakhs. Oberoi Realty commenced bookings in its recent project, Oberoi Garden City Thane, a 75-acre housing project launched in October 2024.
About the Company
Oberoi Realty Ltd is a Mumbai-based Real Estate Development Company. It is focused on premium developments in residential, office space, retail, hospitality, and social infrastructure projects. In the real estate space, Oberoi Realty is an established brand with an impeccable track record. Its primary aim is to build aspirational developments for its customers with distinctive designs, functional aesthetics, and quality finishes that translate into landmark projects through its mixed-use and single-segment developments.
Written by Adhvaitha Nayani
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