India · Delayed Price · Currency is INR Oberoi Realty Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 featured robust business development, strong leasing in commercial assets, and a healthy launch pipeline for FY 2027. Cost pressures from materials and labor are being managed within contingencies, and management expects full occupancy at Borivali Mall by March 2027.
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Full occupation certificate for Eternia and strong leasing in office and retail segments highlight robust operations. Multiple launches delayed to Q4 and FY 2027, but demand and pricing remain strong, with no regulatory headwinds.
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Robust sales and strong demand for luxury projects drove performance, with key launches and the Ritz-Carlton hotel on track for this year. Margins are expected to improve as projects mature, and multiple launches are planned, supported by healthy market conditions.
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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 sales momentum continued with a major Thane launch generating INR 1,350 crores and robust leasing in office and retail assets. A INR 6,000 crore fundraise will be deployed for land acquisition and expansion, with multiple launches and high occupancy expected across segments.
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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.