Oberoi Realty shares slump 7% as Q3 net profit rises marginally YoY to ₹623 crore; dividend declared

At around 11:08 am, the stock was trading 6.97% lower at ₹1,539.60 per equity share.

The scrip has lost 7% in the past week and 8% over the month. On a year-to-date basis, it has dropped over 9%.

While the stock touched a 52-week low of ₹1,451.95 on February 28, 2025, it reached a year’s high of ₹2,020 per unit on January 21, 2025.

Q3 results

The realty firm posted a 0.69% year-on-year (YoY) growth in its consolidated net profit to ₹622.64 crore during the quarter under review, compared to ₹617.82 crore in the third quarter of the 2024-25 financial year (Q3FY25).

On a sequential basis, its net profit fell 18.03% quarter-on-quarter (QoQ) from ₹759.46 crore in the September quarter of the current fiscal year.

“The Government of India has implemented four new Labour Codes ("Codes"). including the Code on Wages, 2019, with effect from 21st November 2025. The Group has carried out an actuarial valuation as on 31 st December 2025, considering a uniform definition of "wages" as per the Codes on Wages and recorded additional obligation of ₹2.306 lakhs, which has been disclosed as an exceptional item in the results for the quarter and nine months ended 31st December 2025,” Oberoi Realty said in a regulatory filing on Monday.

The company recorded a 5.78% annual increase in its revenue from operations to ₹1,492.64 crore for the December quarter of FY26, as against ₹1,411.08 crore in the year-ago period.

However, on a QoQ basis, its revenue from operations declined 16.1% sequentially from ₹1,779.04 crore in the second quarter of FY26.

Segment-wise, the firm’s revenue from the real estate segment advanced 5.86% YoY to ₹1,436.93 crore in the reporting quarter, in comparison to ₹1,357.42 crore in Q3 of FY25.

Additionally, its revenue from the hospitality vertical stood at ₹55.71 crore during Q3FY26, marking a 3.82% annual jump from ₹53.66 crore in the same quarter last year.

Board declares dividend

The board of directors of Oberoi Realty also declares its third interim dividend for FY26 at the rate of ₹2 per equity share, i.e., 20% of the face value of equity shares of ₹10 each.

Furthermore, it fixed January 23, 2026, as the record date for payment of the interim dividend and said that the interim dividend shall be paid starting on or before February 5.

What the CEO said

Commenting on the earnings, Vikas Oberoi, Chairman & Managing Director of Oberoi Realty, said: “India’s economic environment remained stable during the quarter, supported by steady domestic demand and broad-based activity across key sectors. In this context, our residential, commercial, and retail businesses delivered a steady performance, aligned with our focus on disciplined execution.”

He stated that residential demand held steady during the quarter, with the luxury segment continuing to draw interest from buyers seeking “larger homes in established locations”, along with a growing number of high-net-worth individuals (HNIs) and ultra HNIs.

He said that the company’s commercial assets maintained consistent leasing activity, indicating sustained occupier interest, adding that “the festive season also contributed to healthy footfalls and engagement at both Oberoi Mall and Sky City Mall.”

“In 2026, we will continue to actively pursue attractive land opportunities, and we remain optimistic about the year ahead, supported by a strong development pipeline, prudent capital management, and our unwavering focus on creating future-ready projects aligned with longterm market demand,” Oberoi said.

Oberoi Realty has a total market capitalisation of ₹56,012.92 crore, as of January 20, 2026, according to data on the NSE.