Oberoi Realty LimitedQ2 FY27 Results & Financial Update
Oberoi Realty Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,670.95 Cr, PAT ₹761.65 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Oberoi Realty Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Oberoi Realty Limited delivered consolidated revenue of Rs. 1,736.37 crores for Q2 FY27, representing a sequential increase from Rs. 1,361.69 crores reported in Q1 FY27.
Profit after tax for the second quarter of FY27 stood at Rs. 759.01 crores, showing an expansion compared to the Rs. 544.71 crores recorded in the preceding quarter.
For the first half of fiscal year 2027 (H1FY27), the company recorded a booking value of Rs. 10,199.57 crores, alongside a consolidated revenue of Rs. 3,098.06 crores and a consolidated profit after tax of Rs. 1,303.72 crores.
Chairman and Managing Director Vikas Oberoi noted that Indian real estate demand continues to favor quality, brand credibility, and proven delivery track records, with residential, commercial, retail, and hospitality divisions all delivering steady performances.
During the quarter, the company expanded its footprint beyond its traditional home market by entering the National Capital Region (NCR) market through the Three Sixty North project, marking an operational milestone.
The Mumbai Metropolitan Region (MMR) market exhibited continued depth and resilience, positioning the developer favorably ahead of the festive period as management maintains a strategic focus on executing existing developments.
01 · Business model
What does Oberoi Realty do?
Oberoi Realty Limited is a leading real estate development company headquartered in Mumbai, focused on premium developments spanning residential, office space, retail, hospitality, and social infrastructure verticals.
The company's operating model combines innovative design, planning initiatives, and cutting-edge technologies to execute both mixed-use and single-segment landmark projects primarily across Mumbai, the financial capital of India.
Oberoi Realty derives its revenues through residential property sales, commercial leasing, retail mall operations, and hospitality services, maintaining an established brand presence backed by an extensive delivery track record.
02 · Historical context
What shaped the business before this quarter
The company previously recorded a booking value of Rs. 2,937.73 crores for H1FY26, compared to Rs. 10,199.57 crores for H1FY26.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q2 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹1,670.95 Cr | ₹1,779.04 Cr | ₹1,300.89 Cr |
| Total income | ₹1,736.37 Cr | ₹1,844.84 Cr | ₹1,361.69 Cr |
| Profit before tax | ₹995.67 Cr | ₹993.14 Cr | ₹707.52 Cr |
| Profit after tax | ₹761.65 Cr | ₹760.26 Cr | ₹543.51 Cr |
| EPS | ₹20.95 | ₹20.91 | ₹14.95 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 45.6% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 59.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹65.42 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue generation was supported by steady contributions across residential, commercial, retail, and hospitality segments during Q2 FY27.
The company registered a booking value of Rs. 9,149.69 crores for Q2 FY27, bringing the H1FY27 cumulative booking value to Rs. 10,199.57 crores.
What drove margins
The operating margin improved to 60.99% in Q2 FY27, compared to 56.43% in Q1 FY27 and 57.35% in Q2 FY25.
05 · Demand, customers & order book
Where demand is coming from
Recorded strong sales interest with a booking value of Rs. 9,149.69 crores for Q2 FY27.
06 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
Oberoi Realty marked an important strategic geographic expansion into the National Capital Region (NCR) through the Three Sixty North project.
The Mumbai Metropolitan Region continued to demonstrate depth, resilience, and sustained interest for established developers.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company entered the NCR market with the Three Sixty North project while maintaining a strategic focus on executing existing developments and aligning with long-term growth opportunities.
08 · Reported developments
What changed operationally
Recorded robust booking values of Rs. 9,149.69 crores for Q2 FY27 and Rs. 10,199.57 crores for H1FY27.
Oberoi Realty received multiple accolades including recognition among Top Real Estate Companies 2026 and Fastest Growing Real Estate Companies (Large Category) by CWAB 3.0, alongside several mall and hospitality honors.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Awards and Accolades
Prego at The Westin was featured in the International Hospitality Council London & IIHM Hospitality Honours List 2026. Sky City Mall and Oberoi Mall received various retail excellence and CSR awards including accolades from ET Retail Fame Fashion and Mall Excellence Awards 2026 and IMAGES Shopping Centre Awards 2026.
10 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue grew from Rs. 1,361.69 crores in Q1 FY27 to Rs. 1,736.37 crores in Q2 FY27, while PAT rose from Rs. 544.71 crores to Rs. 759.01 crores over the same period.
11 · Key Q&A
The quarter, answered directly
What does Oberoi Realty do?
Oberoi Realty Limited is a leading real estate development company headquartered in Mumbai, focused on premium developments spanning residential, office space, retail, hospitality, and social infrastructure verticals.
What is the clearest takeaway from Q2 FY27?
Oberoi Realty Limited delivered consolidated revenue of Rs. 1,736.37 crores for Q2 FY27, representing a sequential increase from Rs. 1,361.69 crores reported in Q1 FY27.
What drove revenue or demand?
Revenue generation was supported by steady contributions across residential, commercial, retail, and hospitality segments during Q2 FY27.
What mattered most for margins or profitability?
The operating margin improved to 60.99% in Q2 FY27, compared to 56.43% in Q1 FY27 and 57.35% in Q2 FY25.
What changed operationally beyond the headline numbers?
The company entered the NCR market with the Three Sixty North project while maintaining a strategic focus on executing existing developments and aligning with long-term growth opportunities.
What should the next disclosure help confirm?
Monitor execution milestones for the Three Sixty North project in NCR and ongoing developments across the Mumbai Metropolitan Region.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Execution Progress: Monitor execution milestones for the Three Sixty North project in NCR and ongoing developments across the Mumbai Metropolitan Region.
- 02
Booking Sustenance: Track booking velocity and sales momentum entering the festive period.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.