Oberoi Group

Oberoi Realty's sales bookings declined 10 per cent to Rs 1,299.06 crore in the second quarter of this fiscal due to lower volumes in terms of area. Mumbai-based Oberoi Realty, which is mainly into the luxury housing segment, had sold properties worth Rs 1,442.46 crore in the year-ago period. According to its latest investor presentation, Oberoi Realty sold 158 units covering 2,50,701 sq ft area during the second quarter of this fiscal with a sales bookings value of Rs 1,299.06 crore. The company collected Rs 1,352.82 crore in the July-September period of the current fiscal. During the second quarter of the preceding 2024-25 fiscal, Oberoi Realty had sold 158 units covering 2,75,780 sq ft area with sales bookings value of Rs 1,442.46 crore. The company had collected Rs 1,211.17 crore in the July-September period of the last fiscal year. Recently, Oberoi Realty reported a 29 per cent increase in its consolidated profit to Rs 760.26 crore for the second quarter of this fiscal on hi

Oberoi Realty share price rose after it reported a 29 per cent Y-o-Y rise in net profit for Q2 FY26 to ₹760.3 crore

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The resolution plan was approved by the committee of creditors (CoC) on July 14 following which a letter of intent was issued in favour of the consortium

Meanwhile, overall housing sales across the top seven Indian cities declined by 20 per cent YoY due to inexorably rising property prices and geopolitical tensions

The first will be an 80-key luxury Oberoi resort that will carry "Vilas" name, while second will be a distinctive 120-key five-star hotel under Trident branding, the company stated in a release

Company net rises 20% in Q3, revenue up 8%

The company posted a net profit of Rs 618.38 crore

The company also outlined a robust expansion plan, with a pipeline of 20 properties to be completed by 2029. This includes 17 hotels, two luxury boats, and a Nile cruiser

The high court had earlier temporarily restrained the transfer of shares in EIH Ltd and EIH's holding companies, Oberoi Hotels Private Limited and Oberoi Properties Private

The management contract between EIH Holdings Ltd, a subsidiary of EIH Ltd, and Al Zorah Development Private Co Ltd will officially end on February 28, 2025

An FIR was registered against nine people, including IREO Group Managing Director Lalit Goyal and Oberoi Realty Limited Chairman and Managing Director Vikas Oberoi, under various sections of cheating, criminal breach of trust and forgery, police said on Sunday. The FIR was filed on the orders of the Chief Judicial Magistrate at the DLF phase 2 police station on Friday following a complaint lodged by Advance India Projects Limited (AIPL), citing allegations of cheating, criminal breach of trust and forgery against the accused, the police said. According to the FIR, IREO and Oberoi -- both realty groups -- are accused of conspiring to defraud allottees who had invested funds since 2013, thus not only deceiving investors but also defrauding the AIPL Group. In its complaint, AIPL claimed that IREO Group embezzled approximately Rs 1,777 crore and sent it out of the country, adding that about Rs 1,376 crore was recovered as advances from the allottees. AIPL alleged that IREO collected Rs

The group plans to open two new hotels - The Oberoi Rajgarh with 65 keys and The Oberoi Vindyavilas wildlife resort in the Bandhavgarh region of Madhya Pradesh - in the ongoing financial year

The revenue increased 37 per cent Y-o-Y to Rs 1,310 crore in Q4FY24 and Ebitda was at Rs 790 crore, up 114 per cent Y-o-Y with the margin increasing sharply to 60 per cent

Designed by Architectural Discipline, the new suites combine residential ambience with contemporary aesthetics

While this was up 25 per cent as compared to the year-ago quarter, it was down 18 per cent on a sequential basis despite a new launch

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Analysts expect the company to maintain its growth momentum and continue to deliver strong earnings growth with new project launches