Oberoi Realty (OBEROIRLTY) Q3 25/26 earnings summary

Executive summary

• Received full occupation certificate for Eternia and entered a redevelopment agreement for Nepean Sea Road; multiple large project launches planned, some delayed from Q3 to Q4 and Q1 next year.

• Strong inquiries for 360 West; Commerz II office occupancy at 100%, Commerz III at 90%; Sky City Mall scaling up with high leasing demand, Oberoi Mall at 99% occupancy.

• Revenue from operations for 9MFY26 was ₹4,25,923 lakh, up from ₹4,13,613 lakh year-over-year; net profit for 9MFY26 stood at ₹1,80,415 lakh, marginally higher than ₹1,79,234 lakh in 9MFY25.

• Unaudited consolidated and standalone financial results for Q3 FY26 were approved by the Board on January 19, 2026, with no material misstatements identified.

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

Financial highlights

• Operating cash flows for 9MFY26 were ₹1,09,653 lakh, down from ₹1,87,656 lakh in 9MFY25; closing cash and bank balance at 9MFY26 was ₹3,15,671 lakh.

• Consolidated revenue from operations for Q3 FY26 was Rs. 1,49,264 lakh, up from Rs. 1,41,108 lakh in Q3 FY25; consolidated net profit for Q3 FY26 was Rs. 62,264 lakh.

• Gross debt to equity ratio improved to 0.17 from 0.23 year-over-year; net debt to equity ratio improved to -0.02 in 9MFY26.

• Diluted EPS for 9MFY26 was ₹49.62, compared to ₹49.29 in 9MFY25; basic and diluted EPS (consolidated) for Q3 FY26 was Rs. 17.12.

• Interest service coverage ratio (consolidated) was 12.16; current ratio was 4.21.

Outlook and guidance

• Several major launches expected in Goregaon, Borivali, and NCR, with some likely in Q4 and Q1 FY 2027; FY 2027 anticipated to be significant due to spillover of delayed launches.

• Confident in management bandwidth and execution capability for increased scale and quality.

• The Board declared a 3rd interim dividend of Rs. 2 per equity share (20% of face value) for FY 2025-26.

• Actively pursuing attractive land opportunities, optimistic outlook supported by robust development pipeline.

• Entered into a redevelopment agreement for 1.18 lakh sqft RERA carpet area at Nepean Sea Road, Mumbai.