Q1 2025 Oberoi Realty Ltd Earnings Call Transcript
Key Points
- Strong profitability and encouraging sales traction at Three Sixty West, Worli.
- High leasing interest across office assets with expected occupancy ramp-up in the next few quarters.
- Successful execution and positive cash flow from the Forestville project in Thane.
- Plans to launch new projects in Pokhran, Thane, Goregaon, and Borivali during the festive season.
- Positive outlook for leasing Commerz III, with expectations to be fully leased by the end of the year.
- Decline in Average Selling Prices (ASPs) at Three Sixty West due to sales of lower floors.
- Large inventory in the Thane micro market, requiring initiatives to accelerate sales.
- Soft traction in the Mulund project with a significant number of unsold units.
- Uncertainty around the launch timelines for projects in Tardeo and Peddar Road.
- Potential delays in monetizing inventory in Mulund and Borivali, with expectations to sell remaining units over the next two years.
Ladies and gentlemen, good day, and welcome to the Oberoi Realty Q1 FY25 earnings conference call. We have Mr. Oberoi, the Chairman and Managing Director of the company; and Mr. Saumil Daru, Director of Finance of the company, with us for the call. Please note that this call will be for 30 minutes.
(Operator Instructions) This conference call is being recorded, and the transcript for the same may be put on the website of the company. (Operator Instructions)
Before I hand the conference over to the management, I would like to remind you that certain statements made during the conference of this call may not be based on historical information or facts and may be forward-looking statements, including those related to general business statements, plans, strategies of the company, and the future financial condition and growth prospects.
The forward-looking statements are based on expectations and projections and may involve a number of risks and uncertainties and other factors that could cause actual results, opportunities, and growth potential to differ materially from those
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