Oberoi Realty Q2 FY27 consolidated PAT at Rs 761.65 cr, flat YoY

What the numbers show

• Net margin was 45.58% of revenue, up 284 bps from 42.73%.
• Revenue fell 6.1% while total expenses fell 13.7%.
• Cost of materials took 101.7% of revenue, against 33.5% a year earlier.

• Basis: Consolidated statement of financial results for the quarter ended 30/09/2026, compared with quarter ended 30/09/2025.

• Revenue from operations: Rs 1,670.95 cr (Q2 FY27) vs Rs 1,779.04 cr (Q2 FY26).

• Other income: Rs 65.42 cr vs Rs 65.80 cr.

• Total income: Rs 1,736.37 cr vs Rs 1,844.84 cr.

• Total expenses: Rs 744.94 cr vs Rs 863.35 cr.

• Land, development rights, construction and other costs: Rs 1,699.08 cr vs Rs 596.44 cr.

• Change in inventories: Rs (1,144.01) cr vs Rs 76.52 cr.

• Employee benefits expense: Rs 18.90 cr vs Rs 34.48 cr.

• Finance cost: Rs 58.14 cr vs Rs 71.17 cr.

• Depreciation and amortisation: Rs 35.02 cr vs Rs 33.43 cr.

• Other expenses: Rs 77.81 cr vs Rs 51.31 cr.

• Profit before share of profit of joint ventures (net) and exceptional items: Rs 991.43 cr vs Rs 981.49 cr.

• Share of profit of joint ventures/Associate (net): Rs 4.24 cr vs Rs 11.65 cr.

• Profit before exceptional items and tax: Rs 995.67 cr vs Rs 993.14 cr.

• Exceptional item: “-” in Q2 FY27; “-” in Q2 FY26.

• Profit before tax: Rs 995.67 cr vs Rs 993.14 cr.

• Current tax: Rs 212.89 cr vs Rs 204.91 cr.

• Deferred tax: Rs 21.13 cr vs Rs 27.97 cr.

• Net profit for the period: Rs 761.65 cr vs Rs 760.26 cr.

• Basic EPS: Rs 20.95 vs Rs 20.91.

• Diluted EPS: Rs 20.94 vs Rs 20.91.

For the quarter ended 30/09/2026, consolidated revenue from operations as per the statement of financial results was Rs 1,670.95 cr, lower than the Rs 1,779.04 cr reported in the corresponding quarter ended 30/09/2025. Including other income of Rs 65.42 cr (Rs 65.80 cr a year earlier), total income stood at Rs 1,736.37 cr versus Rs 1,844.84 cr in the year-ago quarter.

Total expenses declined to Rs 744.94 cr from Rs 863.35 cr. Within this, “Land, development rights, construction and other costs” were Rs 1,699.08 cr compared with Rs 596.44 cr in the same quarter last year, while “Change in inventories” was a negative Rs (1,144.01) cr versus a positive Rs 76.52 cr a year earlier, as shown in the statement of financial results. Employee benefits expense was Rs 18.90 cr (Rs 34.48 cr a year ago), finance cost was Rs 58.14 cr (Rs 71.17 cr), depreciation and amortisation was Rs 35.02 cr (Rs 33.43 cr), and other expenses were Rs 77.81 cr (Rs 51.31 cr).

Profit before share of profit of joint ventures (net) and exceptional items was Rs 991.43 cr, compared with Rs 981.49 cr in the corresponding prior quarter. After a share of profit of joint ventures/Associate (net) of Rs 4.24 cr (Rs 11.65 cr a year earlier), profit before exceptional items and tax was Rs 995.67 cr versus Rs 993.14 cr. There was no exceptional item reported in either quarter in the statement of financial results, so profit before tax was Rs 995.67 cr against Rs 993.14 cr.

Net profit for the period was Rs 761.65 cr, marginally higher than Rs 760.26 cr in the same quarter of the previous year. Basic earnings per share (face value Rs 10) were reported at Rs 20.95 versus Rs 20.91, and diluted EPS at Rs 20.94 versus Rs 20.91, as per the statement of financial results.