External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Annuities Performing Well: Commerz III and Skycity Mall had successful launches and are gaining traction.</li><li>The office and retail operating revenue for the quarter reached Rs 275 Cr, while hospitality revenue stood at Rs 44.6 Cr.</li><li>Both Commerz I and II are operating at high occupancies of 96%, delivering EBITDA margins of 88% and 92%, respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Annuities Performing Well: Commerz III and Skycity Mall had successful launches and are gaining traction.The office and retail operating revenue for the quarter reached Rs 275 Cr, while hospitality revenue stood at Rs 44.6 Cr.Both Commerz I and II are operating at high occupancies of 96%, delivering EBITDA margins of 88% and 92%, respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty Ltd - Q2FY26: Healthy Sustenance Sales; Valuations Constrain Upside

<ul><li>Annuities performing well: Commerz III and Skycity Mall had successful launches and are gaining traction.</li><li>The office and retail operating revenue for the quarter reached Rs 264 Cr, while hospitality revenue stood at Rs 42.6 Cr.</li><li>Both Commerz I and II are operating at high occupancies of 96%, delivering EBITDA margins of 88% and 93%, respectively. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Annuities performing well: Commerz III and Skycity Mall had successful launches and are gaining traction.The office and retail operating revenue for the quarter reached Rs 264 Cr, while hospitality revenue stood at Rs 42.6 Cr.Both Commerz I and II are operating at high occupancies of 96%, delivering EBITDA margins of 88% and 93%, respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty Ltd - Launches Drive Pre-Sales; Valuations Constrain Upside

<ul><li>Annuity Scale-Up: After the launch of Commerz III and SkyCity mall, we expect the rentals to scale up to Rs 1,480 Cr by FY27E. Strong leasing at Commerz III led to a blended occupancy of 85%; however, it led to a minor dip in EBITDA QoQ.</li><li>Hospitality occupancy for FY25 remained at 81% vs. the previous 83%, with operating revenue of Rs 1,927 Cr, up by 8.6% and an EBITDA of Rs 792 Cr, up by 13.3%.</li><li>Going forward, the company plans to expand its portfolio in Worli with ~1 Mn sq. ft. in office space and 0.5 Mn sq. ft. in retail. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Annuity Scale-Up: After the launch of Commerz III and SkyCity mall, we expect the rentals to scale up to Rs 1,480 Cr by FY27E. Strong leasing at Commerz III led to a blended occupancy of 85%; however, it led to a minor dip in EBITDA QoQ.Hospitality occupancy for FY25 remained at 81% vs. the previous 83%, with operating revenue of Rs 1,927 Cr, up by 8.6% and an EBITDA of Rs 792 Cr, up by 13.3%.Going forward, the company plans to expand its portfolio in Worli with ~1 Mn sq. ft. in office space and 0.5 Mn sq. ft. in retail. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty Ltd - Sustaining Sales and Launches Remain Key; Maintain BUY

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Oberoi Realty’s (OBER) pre-sales grew 144% YoY to INR19.2b (13% lower than estimate) in 3QFY25, driven by lofty bookings at newly launched project ‘Jardin’ at Oberoi Garden City, Thane, which contributed INR13.3b to pre-sales (70% of 3QFY25 bookings) across bookings of 466 units.</li><li>Elysian pre-sales grew 88% YoY to INR2.3b, while project 360 West grew 93% YoY to INR1.5b.</li><li>Sales traction was weak for other projects - Eternia (INR0.2b), Enigma (INR1.0b), Sky City (INR0.4b), and Forestville Thane (INR0.4b).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty’s (OBER) pre-sales grew 144% YoY to INR19.2b (13% lower than estimate) in 3QFY25, driven by lofty bookings at newly launched project ‘Jardin’ at Oberoi Garden City, Thane, which contributed INR13.3b to pre-sales (70% of 3QFY25 bookings) across bookings of 466 units.Elysian pre-sales grew 88% YoY to INR2.3b, while project 360 West grew 93% YoY to INR1.5b.Sales traction was weak for other projects - Eternia (INR0.2b), Enigma (INR1.0b), Sky City (INR0.4b), and Forestville Thane (INR0.4b).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty - Jardin-OGC, Thane Launch Taking the Lead

<ul><li>Entry into key micro markets: The company plans to expand into key markets such as Delhi NCR, which offers significant potential and absorption capacity for premium projects.</li><li>A growing trend toward premiumization in these regions is expected to boost the company’s collections.</li><li>Oberoi is anticipated to establish a strong presence in these new markets, achieving over 40%-50% bookings within the year of launch. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Entry into key micro markets: The company plans to expand into key markets such as Delhi NCR, which offers significant potential and absorption capacity for premium projects.A growing trend toward premiumization in these regions is expected to boost the company’s collections.Oberoi is anticipated to establish a strong presence in these new markets, achieving over 40%-50% bookings within the year of launch. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Oberoi Realty Ltd - Launch Pipeline to Drive Performance; Maintain BUY

India

Oberoi Realty LTD., is a real estate development company operating in Mumbai, focused on premium developments. The Company's main focus is residential projects but they also have a diversified portfolio of projects covering segments of the real estate market, which target the upper end of the respective income or market segment.

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Oberoi Realty (OBER IN)

Oberoi Realty Ltd - Q2FY26: Healthy Sustenance Sales; Valuations Constrain Upside

Annuities Performing Well: Commerz III and Skycity Mall had successful launches and are gaining traction. The office and retail operating revenue...

Axis Direct

Oberoi Realty Ltd - Launches Drive Pre-Sales; Valuations Constrain Upside

Annuities performing well: Commerz III and Skycity Mall had successful launches and are gaining traction. The office and retail operating revenue...

Axis Direct

Oberoi Realty Ltd - Sustaining Sales and Launches Remain Key; Maintain BUY

Hospitality occupancy for FY25 remained at 81% vs. the previous 83%, with operating revenue of Rs 1,927 Cr, up by 8.6% and an EBITDA of Rs 792 Cr,...

Axis Direct

Oberoi Realty - Jardin-OGC, Thane Launch Taking the Lead

Oberoi Realty’s (OBER) pre-sales grew 144% YoY to INR19.2b (13% lower than estimate) in 3QFY25, driven by lofty bookings at newly launched project...

Motilal Oswal

Oberoi Realty Ltd - Launch Pipeline to Drive Performance; Maintain BUY

The company plans to expand into key markets such as Delhi NCR, which offers significant potential and absorption capacity for premium projects.

Axis Direct

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