Oberoi Realty (OBEROIRLTY) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated revenue fell 8.55% YoY to ₹2,09,058.65 lakh; total comprehensive income rose 7.60% to ₹74,154.22 lakh, supported by stronger residential sales in H2.

• Sales reached 10,64,563 sq. ft. of RERA carpet area vs. 4,01,914 sq. ft. in FY20; new launches at Goregaon and Borivali drew strong buyer interest.

• Pandemic restrictions subdued H1, but government and regulatory support and a sales rebound in H2 helped recover the full-year performance.

Financial highlights

• Consolidated revenue from operations was ₹2,05,257.95 lakh, down 8.27% YoY; PBT was ₹92,442.48 lakh, down 4.59%, and PAT rose to ₹73,929.18 lakh from ₹68,933.02 lakh.

• Consolidated diluted EPS was ₹20.33 vs. ₹18.96; total comprehensive income was ₹74,154.22 lakh vs. ₹68,919.00 lakh.

• Standalone revenue increased 21.15% to ₹90,116.12 lakh; PBT rose 21.39% to ₹50,851.28 lakh and total comprehensive income grew 32.91% to ₹41,828.03 lakh.

• Standalone PAT was ₹41,661.54 lakh vs. ₹31,484.34 lakh; diluted EPS was ₹11.46 vs. ₹8.66.

Outlook and guidance

• Residential demand was expected to remain strong, though the exceptional sales momentum could ease; construction had resumed and activity was accelerating as workers returned.

• Work-from-home preferences are sustaining demand for larger homes; development opportunities will continue to be explored in and around Mumbai and nearby hubs case by case.

• Priorities include executing projects and strengthening relationships with architects, designers, contractors and a broader vendor base.