India · Delayed Price · Currency is INR Oberoi Realty Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw strong business momentum, robust leasing in commercial assets, and a rich launch pipeline for FY 2027. Cost pressures are being managed through contingencies and repricing, while capital outlays for land remain minimal due to back-ended payment structures.
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Multiple project launches were delayed from Q3 to Q4 and Q1 FY 2027, but strong demand and pricing persist in key markets. Operating cash flow declined due to land-related payments, and a one-off employee expense was booked. FY 2027 is expected to be a major year for new launches.
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Robust sales and leasing momentum continued across projects, with Sky City and Three Sixty West outperforming and new launches planned in Gurugram, Borivali, and Thane. CapEx focused on ongoing developments and treasury, while margins are expected to improve as projects mature.
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Strong project launches, robust annuity asset performance, and a major private equity inflow marked the quarter. Occupancy and sales remain healthy, with new launches planned and prudent land acquisition supporting margins.
Fiscal Year 2025
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Record annual revenue and bookings were achieved, driven by robust residential and commercial demand. Multiple new launches are planned for the second half, with strong luxury segment performance and a well-capitalized position supporting future growth.
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Strong quarter with robust sales in Thane, high office occupancy, and strategic price hikes across projects. Multiple launches are planned in the next year, supported by strong cash flow and no pricing resistance in Mumbai.
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Strong residential sales and robust leasing drove a standout quarter, highlighted by a major Thane launch with INR 1,350 crores in sales. Aggressive growth is planned via a INR 6,000 crores fundraise for land acquisition, with multiple launches and high occupancy in office and retail assets expected.
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Strong profitability and sales momentum were reported, led by 360 West and robust office leasing. Major launches are planned for the festive season, with commercial and retail assets expected to drive significant rental income.