Oberoi Realty (OBEROIRLTY) Q3 25/26 earnings summary

Executive summary

• Full occupation certificate received for Eternia, Mulund, and a redevelopment agreement entered for Nepean Sea Road.

• Strong leasing and occupancy across office and retail portfolios, with Commerz II at 100%, Commerz III at 90%, and Oberoi Mall at 99%.

• Revenue from operations for 9MFY26 was ₹4,25,923 lakh, up from ₹4,13,613 lakh year-over-year; net profit for 9MFY26 was ₹1,80,415 lakh.

• Unaudited consolidated and standalone financial results for the quarter ended December 31, 2025, were approved by the Board on January 19, 2026.

• Multiple new project launches planned, with some delayed from Q3 to Q4 and Q1 next year due to design perfection and approval processes.

Financial highlights

• Operating cash flows for 9MFY26 were ₹1,09,653 lakh, down from ₹1,87,656 lakh in 9MFY25.

• Consolidated revenue from operations for Q3 FY26 was Rs. 1,49,264 lakh, up from Rs. 1,41,108 lakh in Q3 FY25.

• Net profit for Q3 FY26 was Rs. 62,264 lakh, compared to Rs. 48,213 lakh in Q3 FY25.

• Gross debt to equity ratio improved to 0.17 from 0.23 year-over-year.

• Closing cash and bank balance at 9MFY26 was ₹3,15,671 lakh.

Outlook and guidance

• Several large project launches expected in Goregaon, Borivali, Thane, Pedder Road, and Gurugram, with some likely in Q4 and Q1 next year.

• Management expects 100% occupancy at Sky City Mall within two quarters, driven by large deals and high footfalls.

• FY 2027 anticipated to be a significant year due to spillover of launches and completed groundwork.

• The Board declared a 3rd interim dividend of Rs. 2 per equity share for FY 2025-26.

• Awards and recognitions for Sky City Mall, Commerz III, and Three Sixty West signal strong project execution.