Oberoi Realty Q2 Results Review - Stellar Sales In 360-West, Elysian Boost Growth: Motilal Oswal

The brokerage reiterates Neutral rating on the stock with a target price of Rs 2,056, indicating a 3% upside potential.

Esquire by Oberoi Realty in Goregaon, Mumbai (Source: Company website)

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Motilal Oswal Report

Oberoi Realty Ltd. is witnessing an uptick in the performance of its residential business. It is also seeing an uptrend in its rental portfolio as it commences operations at its ongoing marquee office and retail assets.

The recent Pokhran-2 launch in Thane received strong traction; hence, we believe the residential segment should see a healthy scale-up, with the available pipeline across the MMR and Gurugram regions.

We expect Oberoi Realty to post a 41% CAGR in pre-sales over FY24-27. However, a major part of the re-rating depends on re-investment of strong cash flow generation as the company monetizes its completed and near-completion inventories.

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Motilal Oswal Oberoi Realty Q2FY25 Results Review.pdf
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Also Read: UltraTech Cement Q2 Results Review - Weak Demand, Pricing Hurt Margin: Motilal Oswal

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