Oberoi Realty Q2 Results October 16, 2026: Profit Flat at ₹762 Crore as Bookings Jump to ₹9,150 Crore

Oberoi Realty Q2 results, announced on October 16, 2026, look dull on the profit line and anything but dull underneath. The Mumbai developer’s consolidated net profit was almost unchanged at ₹761.65 crore for the September quarter, up 0.2% from ₹760.26 crore a year earlier, while revenue from operations fell 6.1%. The real news was sales. Bookings for the quarter jumped to ₹9,149.69 crore on the back of its first project in the National Capital Region, and none of that has hit the profit and loss account yet. For the broader picture, see our stock market today India hub.

Oberoi Realty Q2 results: the numbers

All figures are consolidated for the quarter ended September 30, 2026 (Q2 FY27), from the company’s analyst presentation. Growth rates compare with Q2 FY26 unless we say otherwise.

• Revenue from operations: ₹1,670.95 crore, down 6.1% from ₹1,779.04 crore, but up about 28% from ₹1,300.89 crore in the June quarter.
• Net profit: ₹761.65 crore, up 0.2%, and about 40% higher than ₹543.53 crore in the June quarter.
• Total income: ₹1,736.37 crore, including other income, against ₹1,844.84 crore.
• EBITDA: ₹1,084.59 crore, according to the company’s press release filed with BSE. CNBC-TV18 put EBITDA before other income at ₹1,019.2 crore, nearly flat from ₹1,020 crore.
• First half: net profit for April to September rose 10.5% to ₹1,305.16 crore from ₹1,181.51 crore.

Break revenue down and the mix shifts. Income from property projects fell 11.7% to ₹1,233.10 crore. Rental income from its offices and malls rose 16.6% to ₹338.22 crore. Hospitality brought in ₹45.40 crore against ₹44.40 crore.

Big bookings, revenue later

Gross booking value, meaning the value of homes sold in the quarter, was ₹9,149.69 crore across 808 units. About 86% of that, ₹7,891.14 crore, came from Three Sixty North in Gurugram. There, 614 units covering 13.16 lakh sq ft were booked out of 13.51 lakh sq ft launched, at an average of ₹59,961 per sq ft. For the first half, bookings stood at ₹10,199.57 crore against ₹2,937.73 crore a year earlier.

Why didn’t revenue follow? The presentation says Three Sixty North uses the project completion method, so its sales count as revenue only once the project is finished. Cash, on the other hand, is already flowing. The company collected ₹834.92 crore from the project in the quarter, and total collections across residential, rent, hospitality and other businesses were ₹2,276.81 crore. Gross debt to equity was 0.14, down from 0.18 a year earlier, and net debt to equity was negative at -0.02, which means cash was more than borrowings.

Dividend, and where the stock closed

The board declared a second interim dividend of ₹2 per share for FY27, with October 23 as the record date and payment from October 30, according to CNBC-TV18 and Business Standard. On the NSE, the stock closed at ₹1,703.00 on Friday, down ₹5 or 0.29% from ₹1,708.00, as per the NSE bhavcopy for October 16. The numbers came out after market hours, so Monday is the first real reaction.

How we read it

With a developer like Oberoi Realty, quarterly profit tracks which projects reach completion. Bookings and collections are the better guide to demand and future revenue. The Gurugram launch has built a large pipeline that will show up in reported earnings later, and the growing rental income gives a steadier base in the meantime. Peer DLF reported the same day; our DLF Q2 results summary has the details. And our guide on how to analyse quarterly results of a company explains how to read numbers like these.

This article is a news summary for information only and is not investment advice. Please consult a SEBI-registered adviser before making investment decisions.