Now Reading: Oberoi Realty Q2 net profit flat at Rs 761.65 crore, declares Rs 2 dividend
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Oberoi Realty Q2 net profit flat at Rs 761.65 crore, declares Rs 2 dividend
Oberoi Realty Q2 net profit flat at Rs 761.65 crore, declares Rs 2 dividend
Oberoi Realty reported a consolidated net profit of Rs 761.65 crore for the September quarter (Q2FY27), marginally up from Rs 760.26 crore a year ago. Total income fell 6% to Rs 1,736.37 crore from Rs 1,844.84 crore, while expenses declined to Rs 744.94 crore from Rs 863.35 crore.
The company declared a second interim dividend of Rs 2 per share for FY27. October 23 has been fixed as the record date to determine eligibility, with payments starting October 30. In the past 12 months, Oberoi Realty has paid a total equity dividend of Rs 8 per share, giving a dividend yield of 0.47% at the current share price of Rs 1,703.
The stock is up 2% in 2026 but has fallen 27% from its record high of Rs 2,325. It recovered 22% from its 52-week low.
Indian Opinion Analysis
The flat Q2 profit masks a 6% drop in revenue, with margin protection coming from lower expenses. The Rs 2 dividend maintains the company's quarterly payout pattern, offering a modest 0.47% yield at current prices. Investors face a trade-off between the regular income stream and a stock that has lost over a quarter of its value from its peak. The real test will be whether Oberoi Realty can reverse the revenue decline in the second half of FY27 to support both earnings and future dividends.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
