21-Oct-2026 10:40:35
OBEROIRLTYGeneral news
PRABHUDAS LILLADHER ON OBEROI REALTY ; UPGRADE TO BUY FROM ACCUMULATE | TP ₹2,100
• Q2 FY27 pre-sales UP ~604% YoY to ₹9,150 Cr, driven by ₹7,890 Cr from 360 North, Gurugram. • Revenue DOWN ~6% YoY to ₹670 Cr; PAT flat YoY at ₹760 Cr, UP ~40% QoQ. • EBITDA margins expanded 360 bps YoY to 61%. • Expects ~25% pre-sales CAGR over FY26–FY28, supported by new launches and inventory sales. • Annuity income expected at ₹1,300–1,400 Cr by FY28, providing strong cash flow visibility. • Strong project pipeline across Mumbai, Thane, Alibaug and Delhi NCR. • Ritz-Carlton Worli expected to open in Q1 FY28; Sky City Marriott targeted by end-CY27.
OBEROI REALTY LIMITED