Oberoi Realty Q4 Review - New Launches Drive Record Sales Bookings: ICICI Securities
Exquisite by Oberoi Realty is a residential project located in Goregaon, Mumbai. (Source: Company website)

Oberoi Realty Q4 Review - New Launches Drive Record Sales Bookings: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Oberoi Realty Ltd. recorded its highest ever quarterly sales bookings at Rs 20.5 billion driven by strong response to the new Goregaon tower launch (Elysian) and launch of sixth tower in Borivali project.

While Q1 FY22 is expected to be a muted quarter owing to second Covid-19 wave impact, the company is targeting launches in H2 FY22 across Thane and other ongoing projects.

While exact timing and quantum of launches is awaited, we expect the company to clock at least Rs 25 billion of sales bookings in FY22E and Rs 35 billion in FY23E owing to new launches and completed/near completion inventory in Worli/Mulund/Borivali projects.

Click on the attachment to read the full report:

ICICI Securities Oberoi Realty Q4FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.