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Buy a Property or Buy Oberoi Realty Stocks - You will win!!!

Buy a Property or Buy Oberoi Realty Stocks - You will win!!!

Buy a Property or Buy Oberoi Realty Stocks - You will win!!!

Oberoi Realty has got the best mix of Portfolio. With its constant launches of new Towers both in Goregaon, Thane markets and the steady income from Malls and Commerz of Rent is helping the Company steadily grow. Oberoi Garden City, Thane launch is the newest for Oberoi Realty Ltd and it has taken off very well. As per the real estate local brokers in the launch date of mid October they have sold nearly 220 + Flats which gives a flying start to Oberoi in Thane market.  Oberoi has huge land parcels in Thane. The residual inventory in Sky City and Oberoi 360 and incoming times the Ritz Carlton shall start giving revenue to Oberoi Realty Ltd. There project in Gurgaon is yet to take off, but there is a lot in stock for the Company to review.

Investors in the past starting from the year 2001 have minted money in Oberoi Realty Ltd properties in Mumbai and the same goes for the Oberoi Realty Stock which is touching new highs every few months.

Key Highlights of Oberoi Realty's Q2 FY25 Performance:

  1. Profit Growth:

    • Oberoi Realty reported a 29.05% growth in net consolidated profit in Q2 FY25, with a profit after tax of 589.44 crore, compared to 456.76 crore in the same quarter last year.

  2. Total Income:

    • The company's net consolidated total income increased by 9.23%, reaching 1,358.62 crore in Q2 FY25, compared to 1,243.80 crore in Q2 FY24.

  3. Dividend Announcement:

    • The board declared a second interim dividend of ?2 per equity share for FY 2024-25.

  4. Debt and Capital Measures:

    • Oberoi Realty redeemed 70 crore of Series III NCDs through face value reduction.
    • The board approved raising up to ?6,000 crore through equity and equity-linked instruments, including a qualified institutional placement (QIP).

  5. Financial Ratios (as of September 30, 2024):

    • Net worth: 14,799.98 crore.
    • Debt-equity ratio: 0.14.
    • Current liability ratio: 0.56.
    • Total debts to total assets ratio: 0.10.
    • Operating margin: 61.66%.
    • Net profit margin: 43.39%.

  6. Nirmal Lifestyle Resolution:

    • The NCLT approved Oberoi Realty’s resolution plan for Nirmal Lifestyle (NLRPL) as part of its corporate insolvency process.
    • Oberoi Realty will make payments of 273 crore to creditors and cover insolvency costs.
    • The company will also subscribe to 100% of NLRPL's equity shares, valued at 100 lakh within 90 days.

Implications:

  • Strong Profit Growth: The robust profit growth reflects the company's healthy financial position and success in managing costs effectively, as shown by its high operating and net profit margins.
  • Strategic Debt Management: The redemption of NCDs and approval to raise ?6,000 crore will strengthen Oberoi Realty’s financial flexibility, enabling it to capitalize on growth opportunities.
  • Nirmal Lifestyle Acquisition: The NCLT approval for Nirmal Lifestyle’s resolution plan enhances Oberoi Realty’s strategic expansion, potentially adding valuable assets to its portfolio.

This performance positions Oberoi Realty as a significant player in the real estate sector, with a balance of growth, financial stability, and strategic acquisitions.

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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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