Company Results
Oberoi Realty Q1 FY27 profit rises 29% to ₹544 crore; Morgan Stanley sees ₹34,000 crore FY27 presales
Oberoi Realty reported a net profit of ₹544 crore for Q1 FY27, up 29.22% from ₹421 crore a year earlier. Morgan Stanley estimates the developer's FY27 presales at ₹34,000 crore, with ₹8,000-9,000 crore expected from its planned Hamilton launch in Gurugram.
| Q1 FY27 net profit | ₹544 crore (up 29.22% from ₹421 crore in Q1 FY26) |
|---|---|
| Q1 FY27 revenue | ₹1,301 crore (up 31.68% from ₹988 crore in Q1 FY26) |
| Operating margin, Q1 FY27 | 56% (Q1 FY26: 57%) |
| Morgan Stanley FY27 presales estimate | ₹34,000 crore |
| Share of FY27 presales from Hamilton launch (estimate) | ₹8,000-9,000 crore |
| Developer / city | Oberoi Realty, Gurugram (Gurgaon), Haryana |
What was reported
Oberoi Realty Ltd reported its results for the first quarter of financial year 2026-27 (Q1 FY27), which covers April to June 2026. Net profit was ₹544 crore, compared with ₹421 crore in the same quarter of the previous year, an increase of 29.22%. Revenue was ₹1,301 crore, up 31.68% from ₹988 crore.
Operating margin was 56%, against 57% in Q1 FY26. The margin therefore eased by about one percentage point while profit and revenue both grew faster than a year earlier.
Presales outlook
Morgan Stanley estimates Oberoi Realty's presales, meaning the value of homes booked by buyers, at ₹34,000 crore for FY27. The brokerage attributes ₹8,000-9,000 crore of that figure to the planned Hamilton project in Gurugram. This is an analyst estimate, not a company guidance figure, and it depends on the launch going ahead on the expected timeline.
What it means for buyers
The results do not change prices, launch dates or terms for any buyer. The Hamilton project's price, configuration, RERA registration and possession date were not part of the reported material and are not covered here. Buyers considering any Oberoi Realty project should check the project's registration on the relevant state RERA portal and the developer's own disclosures before booking.
What it means for investors and the market
- Revenue and profit growth in the quarter point to steady project delivery and sales conversion.
- The margin dip of about one point is small, but it is a figure investors will track in coming quarters.
- The FY27 presales estimate is concentrated: a large share depends on one Gurugram launch. If that launch slips, the estimate would fall.
What happens next
The next market checkpoint is the Hamilton launch, which Morgan Stanley's estimate assumes will take place in FY27. Investors will also watch the company's quarterly presales disclosures to see how close actual bookings come to the ₹34,000 crore estimate. No further company statement on the launch timing was in the reported material used for this article.
Frequently asked questions
How much did Oberoi Realty's profit grow in Q1 FY27?
Net profit rose 29.22%, from ₹421 crore in Q1 FY26 to ₹544 crore in Q1 FY27.
What was Oberoi Realty's revenue in the quarter?
Revenue was ₹1,301 crore, up 31.68% from ₹988 crore a year earlier.
What is Morgan Stanley's FY27 presales estimate for Oberoi Realty?
Morgan Stanley estimates FY27 presales at ₹34,000 crore. This is an analyst estimate, not a company figure.
How much of the FY27 estimate comes from the Hamilton project?
Morgan Stanley attributes ₹8,000-9,000 crore of the FY27 presales estimate to the planned Hamilton launch in Gurugram.
Did the operating margin change?
Operating margin was 56% in Q1 FY27, compared with 57% in Q1 FY26.
Does this news change the price of any Oberoi Realty home?
No. The results report does not change prices, launch timing or terms for any project.