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Oberoi Realty shares recovered some ground on Tuesday after their worst single-day fall in more than three months the previous day. The largecap realty stock gained as much as 4.7 per cent to Rs 1,710.6 apiece in intraday trade. On Monday, it had slumped 4.0 per cent to Rs 1,634, marking its steepest fall since January 20.
Brokerages have maintained mixed views on Oberoi Realty after the largecap real estate company staged an overall strong performance for the quarter ended March 31.
CLSA upgraded the stock to 'hold' from 'reduce' but raised its target price by Rs 175 to Rs 1,500, which indicates a downside of 8.2 per cent from Monday's close.
HSBC maintained its 'buy' call on the largecap stock with a revised target of Rs 2,100 instead of the earlier Rs 1,960. Its target price implies an upside of 28.5 per cent.
| Brokerage | Rating | Target price | Upside/downside vs previous close |
| CLSA | Upgraded to 'hold' from 'reduce' | Rs 1,500 (raised from Rs 1,325) | 8.2% downside |
| HSBC | Buy | Rs 2,100 (raised from Rs 1,960) | 28.5% upside |
On Friday, Oberoi Realty reported a consolidated net profit of Rs 703 crore for the final three months of FY26, marking a 62 per cent jump over the corresponding period a year ago.
Its revenue rose 52.1 per cent to Rs 1,749 crore for the March quarter, according to a regulatory filing.
The property developer registered March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 959 crore, up 55 per cent over the year-ago period.
The quarterly PAT, revenue and EBITDA met analysts' expectations.
According to Zee Business research, Oberoi Realty's fourth-quarter profit was pegged at Rs 580 crore, revenue at Rs 1,658 crore and EBITDA at Rs 945 crore.
The realty firm missed the mark on the operational front.
Its margin -- a key measure of profitability -- contracted by 120 basis points (1.2 percentage points) on a year-on-year basis to 54.9 per cent in Q4.
As per Zee Business estimates, the realty firm was expected to register a quarterly margin of 57 per cent.
The realty firm declared a dividend of Rs 2 per equity share -- a 20 per cent payout given the face value of Rs 10 per equity share.
It announced May 14 as the record date for the dividend, adding that the payout will be made on or before May 22.
The company has paid dividends consistently in the past.
Here's a summary of its payouts in the past five years.
| Announcement Date | Ex-Dividend Date | Dividend Type | Dividend (Rs) |
| May 8, 2026 | May 14, 2026 | Interim | 2 |
| Jan 19, 2026 | Jan 23, 2026 | Interim | 2 |
| Oct 15, 2025 | Oct 20, 2025 | Interim | 2 |
| Jul 21, 2025 | Jul 25, 2025 | Interim | 2 |
| Apr 28, 2025 | May 5, 2025 | Interim | 2 |
| Jan 20, 2025 | Jan 24, 2025 | Interim | 2 |
| Oct 18, 2024 | Nov 4, 2024 | Interim | 2 |
| Jul 22, 2024 | Aug 1, 2024 | Interim | 2 |
| May 14, 2024 | Jun 24, 2024 | Final | 2 |
| May 9, 2024 | May 22, 2024 | Interim | 2 |
| Jan 24, 2024 | Feb 2, 2024 | Interim | 2 |
| Oct 27, 2023 | Nov 8, 2023 | Interim | 2 |
| May 16, 2023 | Jun 21, 2023 | Final | 4 |
| May 26, 2022 | Jul 7, 2022 | Final | 3 |