Tag: oberoi realty

IndustryLatest Stories

Oberoi Realty Q1 FY26 Profit Dips 28% to ₹421 Crore

NEW DELHI: On Monday, Oberoi Realty Ltd announced a 28% decrease in consolidated net profit, reporting Rs 421.25 crore for the quarter ending in June, compared to Rs 584.51 crore from the same period last year. Total income dropped to Rs 1,073.98 crore in the first quarter of the current fiscal year, down from Rs 1,441.95 crore in the corresponding quarter of the previous year. The board declared an interim dividend for FY25-26 of Rs 2 per equity share, equating to 20% of the Rs 10 face value. Operationally, the company sold properties worth Rs 1,639 crore during the April-June…

IndustryLatest Stories

Oberoi Realty Consortium Secures Hotel Horizon for ₹919 Crore

NEW DELHI: Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has been chosen as the successful bidder for Hotel Horizon (HHPL), a company currently undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. The committee of creditors (CoC) has issued a letter of intent (LoI) approving the consortium’s resolution plan. According to the plan, the consortium will make a payment of ₹919 crore to HHPL’s creditors as a full and final settlement, including the costs associated with the Corporate Insolvency Resolution Process (CIRP). Founded in 2004, HHPL owns a sea-facing land parcel…