Oberoi Realty Ltd. News and Updates

Name: Latest research reports of Oberoi Realty Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Oberoi Realty Ltd.
Rating: 3
Author: ICICI Securities Limited

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Oberoi Realty Ltd.

26 Jul 2019

1618.00

-2.88%

Oberoi Realty

Hold: Oberoi Realty Ltd.

Recommendation Target

ICICI Securities Limited

Sales volumes grow 65.3% QoQ to 2.4 lsf in Q1FY20 ORL's sales volumes grew 65.3% QoQ (de-grew 16.3% YoY) to 2.4 lakh sq ft (lsf). While Sky City project clocked robust 1.24 lsf sales volumes, 30-40% of this was driven by subvention scheme. The subvention scheme has also aided sales at its Goregaon projects. However, the recent circular from NHB advising HFCs to desist from participating in subvention schemes could impact sales momentum for ORL in the interim although the company plans to offer bank-driven subvention schemes. Overall, we expect sales volume...

Number of FII/FPI investors decreased from 739 to 719 in Jun 2025 qtr

Oberoi Realty Ltd.

25 Jul 2019

1618.00

-2.88%

Oberoi Realty

Hold: Oberoi Realty Ltd.

Target

Arihant Capital

Oberoi Realty (ORL) came out with weak set of numbers which were below our estimates. Q1FY20 results also look weak due to high base of last year, though on QoQ basis numbers were mostly flat. Revenue for the quarter fell 32.1% YoY to Rs 6033 mn against our estimate of Rs 6833 mn, EBITDA fell 49.1% YoY to Rs 2352 mn, below our estimate of Rs 2870 mn, while PAT declined 50.9% YoY to Rs 1521 mn, below our estimate of Rs 2187 mn. EBITDA margin stood at 39% against our estimate of 42%, a decline of 1300bps YoY mainly due to subdued margin of residential segment as...

Number of FII/FPI investors decreased from 739 to 719 in Jun 2025 qtr

Oberoi Realty Ltd.

25 Jul 2019

1618.00

-2.88%

Residential sales steady (excl. 360 West); expect volumes boost from new launches

Buy: Oberoi Realty Ltd.

Target

Motilal Oswal

Change in mix, drags EBITDA margins: Volumes were down 16% YoY (+65% QoQ) to 2,39,968sf in 1QFY20, primarily due to nil sales at the 360 West project (v/s 35,324sf in the year-ago period). Note that 360 West is a superluxury project, and sales are usually lumpy on a quarterly basis in such bigticket items. Overall booking value, thus, declined by 36% YoY to INR4,011m. Excluding the 360 West project, the sales performance was steady, in our view. Leasing revenue grew at a robust 28% to INR933m driven by Commerz II Phase I (+80% YoY) in 1QFY20. Overall revenue declined 32% YoY to INR6,033m (our estimate: INR7,106m) in the quarter. EBITDA margin shrank 1,300bp YoY to 39% (our estimate:...

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

21 Jun 2019

1618.00

-2.88%

How Karan Oberoi became the poster boy of India's #MenToo 'movement'

Business Standard

Oberoi has become the poster boy for India's #MenToo "movement", with his demand for "gender-neutral rights" making the rounds on social media

Oberoi Realty Ltd.'s price crossed below 30Day SMA today

Oberoi Realty Ltd.

11 Jun 2019

1618.00

-2.88%

Gurugram's The Oberoi, Trident switches to solar power for electricity needs

Business Line

Gurugram's The Oberoi and Trident have introduced solar power in a bid to fulfill their electricity needs . With this, the two hotels are aiming to ad

Oberoi Realty Ltd.'s price crossed below 30Day SMA today

Oberoi Realty Ltd.

20 May 2019

1618.00

-2.88%

MJ Akbar denies meeting Priya Ramani at Oberoi hotel

Economic Times

The hearing, which lasted for three hours, saw a heated exchange of arguments between Akbar's counsel Geeta Luthra and Ramani's Counsel Rebecca John

Oberoi Realty Ltd. has an average target of 2061.50 from 6 brokers.

Oberoi Realty Ltd.

16 May 2019

1618.00

-2.88%

Oberoi Realty Ltd: Rentals Remain Strong; New Launches Ahead

Hold: Oberoi Realty Ltd.

Target

Karvy

Oberoi Realty revenue grew by 66% YoY and 8.5% QoQ to Rs. 5.7 Bn. Residential sales volume increased 10% YoY to 147276 sft. For FY19, revenue increased by 104% YoY while the residential volumes increased 47% to 0.82 msft during same period.

Oberoi Realty Ltd. has an average target of 2061.50 from 6 brokers.

Oberoi Realty Ltd.

14 May 2019

1618.00

-2.88%

Oberoi Realty (4QFY19): Inline performance. Maintain NEUTRAL

Neutral: Oberoi Realty Ltd.

Recommendation

HDFC Securities

ORL is using interest subvention schemes for monetizing unsold inventory of 4.9mn sqft (~6x FY19 sales). New launches in Thane and Goregaon during 3QFY20E shall drive pre-sales recovery. Rentco investment in Malls and Office business will start yielding rental income from FY22E. Despite a tough environment, ORL recorded 47.6% YoY growth in residential pre-sales. Large outlay on Rental business amidst weak residential recovery shall put pressure on the stock price and limit further re-rating. We maintain NEU on ORL. We maintain NEU with a SOTP-based TP of Rs 525/sh post a largely in-line quarter. We have not made any material changes to our FY20/21E estimates.

Oberoi Realty Ltd. has an average target of 2061.50 from 6 brokers.

Oberoi Realty Ltd.

14 May 2019

1618.00

-2.88%

Oberoi Realty

Buy: Oberoi Realty Ltd.

Target

ICICI Securities Limited

Sales volumes grow 10.8% YoY to 1.45 lsf in Q4FY19 ORL's sales volumes were flattish QoQ at 1.45 lakh sq ft (lsf) in Q4FY19 on account of delayed purchases following GST rate changes and election environment. Overall, sales volumes grew strongly by 48% YoY to 0.82 msf in FY19. Going ahead, we anticipate ORL's sales volume to grow at CAGR of...

Oberoi Realty Ltd. has an average target of 2061.50 from 6 brokers.

Oberoi Realty Ltd.

13 May 2019

1618.00

-2.88%

Oberoi Realty

Hold: Oberoi Realty Ltd.

Arihant Capital

Oberoi Realty (ORL) came out with good set of numbers which were mostly in line with our estimates except minor miss on the topline. Revenue grew 66% YoY to Rs 5735 mn below our estimate of Rs 6040 mn, EBITDA grew 14% YoY to Rs 2097 mn slightly above our estimate of Rs 1940 mn, while PAT stood at Rs 1.6 bn mostly in line with our estimate of Rs 1.5 bn, a growth of 9% YoY. With city-centric operations well spread out across the Mumbai region, ORL has a project portfolio of ~34 msf spread across 24 projects. With a strong brand name and a dominant position in each of its...

Oberoi Realty Ltd. is trading below all available SMAs

Is Oberoi Realty Ltd. worth buying?

143 Votes:

Buy 85.31%

Sell 11.89%

Hold 2.8%

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