Oberoi Realty Ltd (BSE: 533273/NSE: OBEROIRLTY) reported consolidated revenue of ₹1,561.7 crore and profit after tax of ₹622.5 crore for the third quarter ended December 2025, according to its earnings release. Revenue rose from ₹1,460.3 crore in the corresponding quarter a year earlier, while profit was broadly stable compared with ₹617.8 crore in Q3 FY25. For the nine months ended December 2025, consolidated revenue stood at ₹4,480.6 crore and profit after tax at ₹1,803.0 crore.
Business Overview
Oberoi Realty operates across residential, commercial office, retail, hospitality, and social infrastructure segments, with a primary geographic focus on Mumbai. Revenue from operations in Q3 FY26 comprised residential development, rental income from office and retail assets, hospitality, property management services, and other operating income.
Financial Performance
Total income for Q3 FY26 was ₹1,561.7 crore compared with ₹1,460.3 crore in Q3 FY25 and ₹1,844.8 crore in Q2 FY26. Net profit for the quarter was ₹622.6 crore versus ₹618.4 crore a year earlier.
For the nine-month period, total income was ₹4,480.6 crore compared with ₹4,260.8 crore in 9M FY25, while net profit was ₹1,804.2 crore compared with ₹1,792.3 crore in the prior period.
Adjusted operating margin for 9M FY26 was 59.8%, compared with 63.3% in 9M FY25, while net profit margin was 40.3%, compared with 42.1% in the previous period. Gross debt-to-equity was 0.17 at the end of December 2025, compared with 0.23 a year earlier.
Operating Metrics
Revenue from projects in Q3 FY26 was ₹110,412 lakh, rental income was ₹30,000 lakh, and hospitality revenue was ₹5,550 lakh. Property management revenue was ₹2,934 lakh.
Investment properties recorded operating revenue of ₹28,436 lakh and EBITDA of ₹26,259 lakh, with an EBITDA margin of 92%. Office assets reported occupancy of 92%, retail assets 69%, and hospitality assets 78% during the quarter.
Key Developments
The company stated that residential, commercial, and retail businesses recorded steady activity during the quarter, supported by ongoing demand across segments. It also reiterated its intent to pursue land acquisition opportunities and maintain focus on its development pipeline and capital management.
Risks and Constraints
The company noted that forward-looking statements are subject to risks including regulatory changes, economic developments, and other factors that could affect actual results.
Outlook / Guidance
The company did not provide quantified financial guidance in its earnings release but indicated continued focus on development pipeline execution and capital management.