Oberoi Realty Ltd (OBEROIRLTY) Q2FY27 Concall Transcript - Sep-2026 Qtr
Moderator: Ladies and gentlemen, good day, and welcome to the Oberoi Realty Q2 FY '27 earnings conference call. We have Mr. Oberoi, the Chairman and Managing Director of the company, and Mr. Saumil Daru, Director of Finance of the company, with us for the call. Please note that this call will be for 30 minutes, and for the duration of this conference call, all participants' lines will be in the listen-only mode. And this conference call is being recorded, and the transcript for the same may be put up on the website of the company. After the management's discussion, there will be an opportunity for you to ask questions. Should anyone need assistance during the conference call, you may signal the operator by pressing star, then zero on your touch-tone telephone. Before I hand the conference over to the management, I would like to remind you that certain statements made during the course of this call
Moderator: are facts, and may be forward-looking statements, including those relating to general businesses, statements, plans, strategy of the company, the future financial condition and growth prospects. The forward-looking statements are based on expectations and projections, and may involve a number of risks and uncertainties and other factors that could be cause actual results, opportunities and growth potential to differ materially from those suggested by such statements. I now hand over the conference call to Mr. Oberoi, the Chairman and Managing Director of the company. Thank you, and over to you, sir.
Vikas Oberoi (Oberoi Realty Ltd): Thank you. Good morning, good afternoon, good evening to all of you, as per the timezone from which you have logged in, and welcome to the conference call. Q2 FY2027 results and business update. Firstly, thank you all for taking time out to attend this call. To begin with, we started our quarter by marking our entry into NCR market with our first project launch. At Oberoi Realty, we've always believed that great developments are built long before they are launched. To careful planning, design and an uncompromising focus on quality, this response from NCR was truly exceptional, surpassing our expectation and underscoring the strong response of Oberoi Realty brand in that region. It was the first chapter of a long and exciting growth story that we intend to write in NCR. During this quarter, we entered into development agreement with one more society at Malabar Hill. This marks the third, this actually is the third project in Malabar Hill vicinity. As we speak, over 15 towers rising beyond 60 floors are under construction across our development, underscoring the scale, execution capability and the growth ambition of the company. We continue to steadily increase occupancy across our annuity portfolio, while actively strengthening the tenant mix and premier brands. You will be happy to know that all three assets Oberoi Garden City has, which is Commerz, Commerz I, Commerz II, Commerz III, the Sky City Mall, all of them are today near 100% occupancy. Sky City is in Borivali, but even that is ramping up really well, really well. With this, now I open the floor for question-and-answer, and both Saumil and I will be happy to take your questions. Thank you.
Moderator: Thank you. We will now begin the question-and-answer session. Anyone who wishes to ask a question, may press star and one on their touchtone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use their handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. We take the first question from the line of Puneet from HSBC. Please go ahead.
Vikas Oberoi (Oberoi Realty Ltd): Hi, Puneet, good afternoon.
Puneet (HSBC): Hi, good afternoon, and congratulations on a, you know, great start in Gurugram. First, My first question is if you can also guide on what's happening on Gurugram, there's been, you know, some developments on litigation front and what does that do to your plan for the second phase?
Vikas Oberoi (Oberoi Realty Ltd): So, you know, firstly the matter's sub judice, so I don't want to comment on that. But there is no restriction on us with regards to construction. As you all know that, even prior to, you know, the court intervention, we had already done sales of a little over 8,000 crores, so that continues. In fact, the first phase was sold out. And, yeah, you know, so that's where we are. Sorry, what was your second question?
Puneet (HSBC): I mean, what do you think The second phase, yeah.
Vikas Oberoi (Oberoi Realty Ltd): Phase II, sorry, Phase II. So, yeah, Phase II we are waiting for some additional approvals on the second phase and as soon as that comes, we hopefully will be able to start with that. But again, like, we don't want to immediately rush into that.
Vikas Oberoi (Oberoi Realty Ltd): So, probably, they'll just slide over a quarter here and there. We We have Aurelia at Pedder Road. We have Tower A at Thane in Jardin that we want to also look at. We have another tower in Forestville again. Alibaug is one. You know, so we are looking at a commercial building in Mulund, commercial building in Sky City. We have a new project in Mulund, the the Rallis project that we did. Even that approvals are in a very advanced stage. So, frankly, a lot is happening. You know, some part of redevelopment also likely to come up.
Puneet (HSBC): So, Adarsh Nagar not likely this year?
79 more turns of this transcript: log in to Stocksigma to read the full call.