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.

02 Aug 2018

1577.70

-1.39%

Oberoi Realty

Hold: Oberoi Realty Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Oberoi Realty's (ORL) sales volumes jumped 118.3% sequentially to 2.86 lakh sq ft (our estimate: 1.65 lakh sq ft) clocking sales value of | 166.4 crore. Higher-than-expected sales volume of 1.29 lakh sq ft in Esquire' project (our estimate: 50000 sq ft) primarily led this growth Revenues grew robustly by 239.0% YoY to | 884.0 crore (our estimate: | 818.7) crore as SkyCity project (Borivali) hit revenue recognition threshold during the quarter...

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

31 Jul 2018

1577.70

-1.39%

Oberoi Realty (1QFY19): Resilient show. Upgrade to BUY

Buy: Oberoi Realty Ltd.

Recommendation Target

HDFC Securities

With recent price correction we upgrade ORL to BUY from NEU with Rs 598/sh TP. We continue to assign a NAV premium of 30% to capture terminal value. After a muted 4QFY18, ORL had an impressive start to FY19 clocking in 0.3mn sqft in pre-sales and Rs 6.2bn in sales value. Revenue came in at Rs 8.9bn in 1QFY19 (lower by Rs 11.3bn due to IND AS 115). Since ORLs contracts dont have a termination clause, ORL can continue to follow percentage completion method for revenue recognition.

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

31 Jul 2018

1577.70

-1.39%

Oberoi Realty Ltd Q1FY19 results Comment

Results Update: Oberoi Realty Ltd.

HDFC Securities

Revenue grew by 157.49% to Rs. 888.26 Cr in Q1FY19 when compared to the previous quarter. Oberoi Realty Ltd Q1FY19 results Comment

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

Oberoi Realty Ltd.

31 Jul 2018

1577.70

-1.39%

Revenue and PAT treble; subvention schemes driving sales velocity

Buy: Oberoi Realty Ltd.

Target

Motilal Oswal

31 July 2018 volumes surged 193% YoY to 2,86,689sf and sales value jumped 117% YoY to INR6.2b in 1QFY19 on account of increased traction across projects, primarily in Esquire and Eternia (run-rate in SkyCity project maintained). Overall collections jumped 458% YoY to INR5.7b. Revenue grew 241% YoY to INR8.8b (est. EBITDA margin was flat at 52% (est. Adj. PAT rose over 200% YoY to INR3.1b (est. of INR3.3b), driven by revenue growth.

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

04 Jul 2018

1577.70

-1.39%

Subvention schemes, new launches to drive sales velocity

Buy: Oberoi Realty Ltd.

Target

Motilal Oswal

4 July 2018 Real Estate Customers response to the subvention scheme launched in April for Esquire and Exquisite projects (OC received) at Goregaon has been encouraging. The scheme allows customer to move in after paying 25% booking amount the balance can be paid in equal installments over three years. With OC received and subvention scheme launched, the number of units sold is likely to be far better in FY19. Customers can move in after upfront payment of 25% of the booking value, with the balance 75% payment equally spread over three years. We believe OBERs subvention scheme will help increase volumes in the high- ticket-size category. OBER is likely to launch 2.5msf around Diwali this year, eligible under the affordable housing scheme, which provides corporate tax exemption (MAT applicable). The company intends to pass on the benefits to customers and keep ticket size lower at ~INR12m.

Oberoi Realty Ltd. has lost -20.68% in the last 3 Months

Oberoi Realty Ltd.

01 Jul 2018

1577.70

-1.39%

Take a step back from life

Forbes India

Balance your body and mind, or simply take a moment to breathe, at The Oberoi Sukhvilas Resort & Spa Read more

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

13 Jun 2018

1577.70

-1.39%

Model Trading Portfolio | Buy Oberoi Realty

Buy: Oberoi Realty Ltd.

Edelweiss

Oberoi Realty is a real estate developer based in Mumbai, having a market capitalization of INR17,353.67 Cr.

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

Oberoi Realty Ltd.

27 Apr 2018, 12:00AM

1577.70

-1.39%

OBEROI REALTY LIMITED

Accumulate: Oberoi Realty Ltd.

Geojit Research

Strategic shift towards achieving sales through deferred payment programs & creating cash reserves for land acquisition is key monitor able. We continue to maintain our positive outlook on OBER's given its quality of land bank, management bandwidth to execute large projects and healthy balance sheet....

Oberoi Realty Ltd. is trading below all available SMAs

Oberoi Realty Ltd.

26 Apr 2018, 08:26AM

1577.70

-1.39%

Oberoi Realty (4QFY18): Getting it right. Maintain NEUTRAL

Neutral: Oberoi Realty Ltd.

Target

HDFC Securities

With limited upside we maintain NEUTRAL. ORLs 4QFY18 financial performance was inline, with adjusted net profit coming 4.2% above our estimates. The management commentary during conference call signaled (1) Pricing top out in micro markets (2) Strategic shift towards volumes driven market share gain (3) Focus on achieving sales velocity on completed projects through deferred payment programs & (4) Creating cash reserves for upcoming land acquisition.

Oberoi Realty Ltd. has lost -20.68% in the last 3 Months

Oberoi Realty Ltd.

26 Apr 2018, 12:00AM

1577.70

-1.39%

Oberoi Realty

Hold: Oberoi Realty Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Oberoi Realty's Q4FY18 sales performance was below our estimate mainly due to subdued sales in Worli project. On the financials front, the results were above our estimates on the topline, bottomline front Oberoi Realty's (ORL) Q4FY18 sales volumes fell 13.6% sequentially to 1.31 lakh sq ft with sales value of | 263.3 crore. Sales volume was below our estimates of 1.66 lakh sq ft due to lower-than-expected sales of 9562 sq ft in Worli project (our expectation: 50000 sq ft)...

Oberoi Realty Ltd. has lost -20.68% in the last 3 Months

Is Oberoi Realty Ltd. worth buying?

143 Votes:

Buy 85.31%

Sell 11.89%

Hold 2.8%

RESEARCH REPORTS

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