Oberoi Realty Ltd

Oberoi Realty Ltd

Oberoi Realty Ltd is a Mumbai based real estate company known for the premium residential, offices, retail, hospitality, and social infrastructure projects space. It was established in 1998 and grew its portfolio through well mannered strategies and partnerships which contributed significantly to Mumbai's urban landscape. The market reacted positively to the latest earnings report, affecting the Oberoi Realty Ltd share price.

The company has also achieved impressive financial performance, with significant increases in sales and revenue. With a focus on sustainable growth and a customer-centric approach, Oberoi Realty remains dedicated to delivering exceptional real estate solutions that enhance the quality of life for its residents and clients.

Key Personnel of Oberoi Realty Ltd

Vikas Oberoi, the Chairman and Managing Director, has been a part of the company’s board since its inception. With over 20 years of experience in the field, he plays a key role in every project at every stage. His involvement spans various sectors, including residential and office spaces, retail, hospitality, and social infrastructure.

Business Segments of Oberoi Realty Ltd

• Residential Projects
  Oberoi Realty Ltd is renowned for its premium residential developments in Mumbai, offering a luxurious lifestyle with innovative designs, functional aesthetics, and high-quality finishes.
• Office Spaces
  Oberoi Realty is renowned for its innovative office spaces, such as Oberoi Commerz and Oberoi Prisma, designed to cater to modern business needs and attract top-tier tenants.
• Retail Spaces
  Oberoi Realty has developed successful retail spaces, such as Oberoi Mall in Mumbai, enhancing shopping experiences and driving foot traffic.
• Hospitality
  Oberoi Realty, a leading hospitality company, is renowned for its world-class hotels and mixed-use developments, partnering with global brands like The Ritz-Carlton and Starwood Asia Pacific Hotels & Resort.
• Social Infrastructure
  Oberoi Realty is focusing on community-centric social infrastructure projects like educational institutions and healthcare facilities to improve quality of life and foster sustainable community growth.

Subsidiaries of Oberoi Realty Ltd

• Oberoi Mall Pvt Ltd
• Oberoi Constructions Pvt Ltd
• Evenstar Hotels Private Limited
• Homexchange Limited (Joint Venture)
• Encase Realty Private Limited
• Perspective Realty Private Limited

Corporate Actions of Oberoi Realty Ltd

• 2006: Oberoi Constructions Pvt Ltd turned into a fully-owned division.
• 2007: SSIII, a Morgan Stanley fund, invested Rs 6,750 million in the company.
• 2008: Entered Hotel Operating Services Agreement with Starwood Asia Pacific Hotels & Resort Pte Ltd for The Westin Mumbai - Garden City hotel.
• 2009: Changed company name to Oberoi Realty Pvt Ltd and then to Oberoi Realty Ltd.
• 2010: Launched Oberoi Prisma, an office space project.
• 2014: Announced The Ritz-Carlton as the hospitality partner for the Worli mixed-use development project.
• 2015: Launched residential projects Eternia and Enigma at Mulund.
• 2015: Approved the allotment of equity shares to Aranda Investments (Mauritius) Pte Ltd.
• 2015: Launched residential project Sky City at Borivali.
• 2019: Delivered projects like Esquire at Goregaon East, Prisma of JVLR, and Oberoi International School at JVLR.
• 2021: Launched the 2nd Tower in Elysian Project at Oberoi Garden City, Goregaon (East), Mumbai. Entered into land agreements at Peddar Road and Kolshet in Thane.
• 2023: Launched Tower G in Sky City Project at Borivali and purchased additional land at Thane.

Financial Performance in 2024 of Oberoi Realty Ltd

• Q4 Results (ended March 31, 2024):
  • Sales: INR 13,147.7 million (compared to INR 9,614.3 million in the previous year)
  • Revenue: INR 15,585.6 million (compared to INR 9,951.1 million in the previous year)
  • Net Income: INR 7,880.3 million (compared to INR 4,802.9 million in the previous year)
  • Basic EPS from Continuing Operations: INR 21.67 (compared to INR 13.21 in the previous year)
  • Diluted EPS from Continuing Operations: INR 21.67 (compared to INR 13.21 in the previous year). Investors are closely watching the Oberoi Realty share price due to its recent performance in the stock market.