₹2 per share dividend stock: Do you own this real estate stock? Check record date to qualify for cash reward
Oberoi Realty declared a second interim dividend of ₹2 per share for FY27, with October 23, 2026, set as the record date and payments beginning October 30. Q2 consolidated net profit edged up to ₹761.65 crore, while total income fell 6% year on year.
Real estate developer Oberoi Realty announced a reward for shareholders by declaring a second interim dividend of ₹2 per share for FY27, alongside its financial results for the September quarter on Friday, October 16.The company also fixed Friday, October 23, as the record date to determine shareholders’ eligibility for the dividend payment. The dividend payment will commence on October 30, 2026, for eligible shareholders."This is to inform you that the Board of Directors of the Company, at its meeting held on October 16, 2026, has declared the second interim dividend for FY27 at the rate of ₹2 (Rupees Two only) per equity share, i.e., 20% of the face value of equity shares of ₹10 each," the company said in its regulatory filing.Investors looking to benefit from the payout must ensure they purchase the stock in time to be eligible for the dividend. Under India’s T+1 settlement cycle, shares purchased on or after the record date will not qualify for the dividend.Oberoi Realty follows a quarterly dividend payout policy, distributing a portion of its profits to shareholders and offering them an opportunity to earn regular income alongside potential capital appreciation.Posts marginal growth in net profit For the September quarter (Q2FY27), the company reported a consolidated net profit of ₹761.65 crore, a marginal increase from ₹760.26 crore in the year-ago period.
Total income fell 6% to ₹1,736.37 crore during the second quarter of FY27 from ₹1,844.84 crore in the corresponding period of the preceding fiscal, according to a regulatory filing. The company's expenses declined to ₹744.94 crore from ₹863.35 crore, helping it register marginal profit growth during the July-September quarter of FY27. During the first half of FY27, the company's net profit rose to ₹1,305.16 crore from ₹1,181.51 crore in the year-ago period.
Total income increased to ₹3,098.06 crore from ₹2,918.82 crore. Mumbai-based Oberoi Realty is one of India's leading real estate developers, primarily focusing on the development of luxury homes.Disclaimer: We advise investors to check with certified experts before making any investment decisions
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