Q2 2026 Oberoi Realty Ltd Earnings Call Transcript
Key Points
- Oberoi Realty Ltd (BOM:533273) reported strong sales velocity at SkyCity despite recent price hikes, indicating healthy demand for luxury real estate.
- The company has successfully opened an office in Gurugram, signaling expansion plans in the NCR region.
- Commerce 3 and SkyCity Mall are scaling up with strong leasing demand for office and retail tenants.
- The Ritz Carlton project is nearing completion, with 70-80% of the volume work done, and is expected to launch within the financial year.
- Oberoi Realty Ltd (BOM:533273) has a robust pipeline of project launches planned for the next few quarters, including luxury projects in Gurugram and Adarshnagar.
- The Thane projects have shown slower sales compared to other projects, with only 16 units sold in the second quarter.
- There is uncertainty regarding the acquisition of the Sahara land, with the company in a wait-and-watch mode.
- The company's residential margins have been lower in the last two quarters due to projects not yet hitting margin recognition.
- There is a significant investment outflow in cash flows, attributed to construction and treasury activities.
- The company faces challenges in managing resale restrictions and price realization, although resale activity remains low.
Ladies and gentlemen, good day and welcome to the overall Realty Q2 FY26 earnings conference call.
We have Mr. Oberoi, the Chairman and managing director of the company, and Mr. Samil Daru, director of finance of the company with us for the call.
Please note that this call will be for 30 minutes and for the duration of this conference call, all participant lines will be in the listen-only mood. And this conference call is being recorded and the transcript for the same may be put up on the website of the company.
After the management discussion, there will be an opportunity for you to ask questions. Should anyone need assistance during the conference call, you may signal the operator by pressing then 0 on the touchstone telephone.
Before I hand the conference over to the management, I would like to remind you that certain statements made during the course of this call may not be based on historical information or facts and may be forwardlooking statements, including those relating to general business statements, plans, strategy of the company, the future financial
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