Oberoi Realty shares in focus as institutional investor likely to offload 3% stake in $230-million exit
ADVERTISEMENT The floor price for the deal has been set at Rs 1,753.2 per share, representing a 4% discount to Tuesday's closing price (22 July). The transaction is said to be a clean-out trade, although the identity of the selling investor has not been disclosed.
Also Read: Paytm stock rallies 122% in one year but still 53% below issue price. Can it reclaim its IPO glory?
Oberoi Realty Q1 Earnings
In Q1FY26, Oberoi Realty reported a 28% year-on-year (YoY) drop in net profit to Rs 421.2 crore, compared to Rs 585 crore in the same period last year. Revenue from operations declined 29.7% YoY to Rs 987.5 crore, down from Rs 1,405 crore.EBITDA fell 36% YoY to Rs 520.4 crore, with margins narrowing to 52.7% from 58% a year earlier.
ADVERTISEMENT The company also announced an interim dividend of Rs 2 per share for FY25-26. The record date is July 25, and the dividend will be paid on or before August 7.Vikas Oberoi, Chairman and Managing Director, said the company continues to benefit from strong demand in the luxury housing segment.
ADVERTISEMENT 'Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle. We are pleased to report another healthy quarter, driven by the successful tower launch at Elysian, Oberoi Garden City, Goregaon,' he said.
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ADVERTISEMENT Oberoi Realty share price target
According to Trendlyne, the average target price for Oberoi Realty stands at Rs 1,873, suggesting a potential upside of nearly 3% from current levels. Of the 24 analysts tracking the stock, the consensus rating remains 'Buy'.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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