Oberoi Realty on Friday reported a marginal 0.2% year-on-year rise in consolidated net profit to ₹761.7 crore for the September quarter, while revenue from operations fell 6.1% to ₹1,671 crore.
The company’s profit was ₹760 crore in the year-earlier period, while revenue stood at ₹1,779 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) remained nearly flat at ₹1,019.2 crore, compared with ₹1,020 crore a year earlier. However, the operating margin widened to 60.99% from 57.35%, while the net profit margin rose to 43.86% from 41.21%.
Total income declined to ₹1,736.4 crore from ₹1,844.8 crore. Other income was largely unchanged at ₹65.4 crore, against ₹65.8 crore in the year-earlier quarter.
Finance costs fell to ₹58.1 crore from ₹71.2 crore. Basic earnings per share stood at ₹20.95, compared with ₹20.91 a year earlier.
On a sequential basis, consolidated net profit rose about 40% from ₹543.5 crore in the June quarter. Revenue from operations increased from ₹1,300.9 crore.
Real estate revenue declines
Revenue from the real estate segment fell to ₹1,625.3 crore from ₹1,734.4 crore a year earlier. Hospitality revenue, in contrast, edged up to ₹45.6 crore from ₹44.6 crore.
For the six months ended 30 September, consolidated net profit rose 10.5% year on year to ₹1,305.2 crore from ₹1,181.5 crore. Revenue from operations increased to ₹2,971.8 crore from ₹2,766.6 crore.
On a standalone basis, net profit rose 19.1% year on year to ₹735.9 crore from ₹618 crore. Total revenue, including other income, declined to ₹1,588.1 crore from ₹1,609.6 crore.
Board declares ₹2 interim dividend
The company’s board declared a second interim dividend of ₹2 per equity share for the 2026-27 financial year, equivalent to 20% of the share’s face value of ₹10.
The record date is 23 October, and dividend payments will begin on 30 October.
During the quarter, Oberoi Realty redeemed ₹135 crore worth of Series 2 non-convertible debentures. Its debt-equity ratio stood at 0.14, compared with 0.18 a year earlier, while net worth rose to ₹19,089.9 crore as of 30 September.
The company said the trading window would reopen on 19 October.
Shares of Oberoi Realty closed at ₹1,703 on the National Stock Exchange, down ₹5, or 0.29%, on Friday.