Oberoi Realty announces impressive H1 FY25 financial results with robust profit growth

Oberoi Realty Limited, headquartered in Mumbai, unveiled its financial results for the first half of FY25, posting impressive growth across key metrics. The real estate giant recorded a booking value of Rs. 2,509.45 crores for H1 FY25, a significant leap from Rs. 1,441.26 crores for H1 FY24, demonstrating the company’s strong foothold in India’s premium real estate market.

Financial Results Summary: Growth Across All Verticals

The company’s consolidated revenue for H1 FY25 reached Rs. 2,800.57 crores, marking a year-on-year increase from Rs. 2,177.36 crores in H1 FY24. In Q2 FY25 alone, Oberoi Realty’s consolidated revenue was Rs. 1,358.62 crores, surpassing Rs. 1,243.80 crores in the same quarter last year. Profit Before Tax (PBT) surged to Rs. 1,557.50 crores for H1 FY25 compared to Rs. 1,025.12 crores in H1 FY24, while Profit After Tax (PAT) rose to Rs. 1,173.71 crores from Rs. 777.45 crores.

Solidifying Market Leadership

Mr. Vikas Oberoi, Chairman & Managing Director of Oberoi Realty, shared insights on the results, attributing the success to positive market momentum and growing demand in the real estate sector. He emphasized that Oberoi Realty’s projects have consistently benefitted from India’s economic upturn, resulting in strong residential sales. Vikas Oberoi stated that the brand’s continuous success is a testament to the robust consumer trust in their premium residential developments.

In particular, Oberoi Realty’s ambitious project, “Jardin” at Oberoi Garden City, Thane, was launched in this quarter and has already garnered significant interest. This integrated development features five residential towers, out of which two have commenced bookings. According to Mr. Oberoi, Jardin is set to become a benchmark for integrated living, with offerings like luxurious residences, a JW Marriott Hotel, an exclusive Private Membership Club, and an Oberoi International School.

Expert Opinion on the Results and Real Estate Outlook

Industry experts view Oberoi Realty’s performance as reflective of a wider resurgence in the Indian real estate market, driven by a growing middle class and increased demand for high-quality residential properties. Real estate analyst Mehul Shah opined that the company’s strategic expansion in premium integrated projects like Oberoi Garden City demonstrates a foresight that is not only catering to current market demands but is also setting standards for future developments.

Mr. Shah suggested that with Oberoi’s increasing project launches and robust market positioning, they are well-poised to capture the high-end segment of the Indian real estate market, which continues to show resilience amidst economic fluctuations.

Market Recognition and Forward-Looking Statements

Oberoi Realty was recently recognized by BW Businessworld as one of India’s Top 3 Most Sustainable Companies in the real estate sector, underlining its commitment to responsible development. The Westin Mumbai Garden City, operated by Oberoi Realty, also received accolades at the IHC-IIHM International Hospitality Day Awards.

Moving forward, Oberoi Realty appears optimistic, as outlined in its recent statements, but acknowledges that the trajectory involves certain risks, including regulatory and economic uncertainties. The company emphasizes that its core focus will remain on delivering aspirational residential projects that meet market demands with quality and innovation.

The stock market has reacted positively to the release of these financial results, with shares of Oberoi Realty witnessing increased trading volumes since the announcement. Investors have welcomed the strong quarterly performance, seeing it as an indication of stable growth amidst macroeconomic challenges. Analysts recommend watching the company’s upcoming projects and market developments closely, given its strong earnings and the strategic focus on integrated developments.