Oberoi Realty signs deal to develop Nepean Sea Road project in Mumbai

Real estate firm Oberoi Realty Ltd on Wednesday (November 25) said it has entered into an agreement for the redevelopment of land measuring 4,706 square metres, located at Nepean Sea Road, Mumbai.

The company’s

entitlement from the project, in terms of free sale component, is currently estimated at around 1.18 lakh square feet (RERA carpet area). This estimate is subject to the provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2034, and other applicable laws.

Second Quarter Results

Oberoi Realty reported a 29% year-on-year (YoY) rise in consolidated net profit to ₹760 crore for the quarter ended September 2025, compared with ₹589 crore in the same period last year. The company’s revenue grew 34.8% YoY to ₹1,779 crore, driven by strong demand across its residential and commercial projects.

Also Read: Oberoi Realty Block Deal: Institutional investor likely to offload 3% stake in $230-million exit

Operating performance remained healthy, with EBITDA rising 25.3% to ₹1,020 crore against ₹814 crore a year ago. However, the EBITDA margin slipped to 57.3% from 61.7% YoY, reflecting higher input costs and project expenses.

The board of directors declared a second interim dividend of ₹2 per share (20% of the face value of ₹10 each) for FY25-26. The record date for the dividend has been fixed as October 21, 2025, and payments will commence on or before November 4, 2025.

Also Read: Oberoi Realty Q1 Results | Net profit dips 28%, margin narrows; dividend declared

Shares of Oberoi Realty Ltd ended at ₹1,668.90, up by ₹37.45, or 2.30%, on the BSE today, November 26.