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...