Market Performance
Oberoi Realty’s share price witnessed a sharp decline on Wednesday, dropping 4% to touch an intraday low of ₹1,751 after the company released its Q1 FY26 earnings.
- The stock is currently trading 25% below its 52-week high of ₹2,349.80 recorded in December 2024.
- It had earlier touched a 52-week low of ₹1,440 in April 2025.
So far in 2025, the stock has fallen 19%, despite a modest 5% gain over the last 12 months.
Main News
The Q1 FY26 results revealed a significant downturn in Oberoi Realty’s financial performance, leading to negative market sentiment and a subsequent drop in its share price.
- Net profit declined by 28% YoY to ₹421.2 crore, compared to ₹585 crore in Q1 FY25.
- Total revenue also fell sharply by 29.7%, standing at ₹987.5 crore, down from ₹1,405 crore in the year-ago period.
Despite a drop in total expenses, rising development costs impacted overall profitability.
Company Financials
Revenue
- Revenue from operations for Q1 FY26: ₹987.5 crore
- Previous year same quarter: ₹1,405 crore
- YoY Decline: 29.7%
EBITDA
- EBITDA for the quarter: ₹520.4 crore
- Previous year: ₹815 crore
- YoY Drop: 36%
EBITDA Margins
- Q1 FY26 EBITDA Margin: 52.7%
- Q1 FY25 EBITDA Margin: 58%
- Margin contraction: 530 basis points
Net Profits
- Net Profit in Q1 FY26: ₹421.2 crore
- Net Profit in Q1 FY25: ₹585 crore
- YoY Decline: 28%
Expenses
- Total Expenses in Q1 FY26: ₹574 crore
- YoY Decline: 14%
A notable concern is the 86% surge in land, development rights, and construction costs, which rose from ₹335 crore to ₹626 crore. This significantly impacted the bottom line, even though other expenses were under control.
Interim Dividend Update
Oberoi Realty also announced an interim dividend of ₹2 per share, representing 20% of the face value of ₹10.
- Record date: July 25, 2025
- Payout date: On or before August 7, 2025
This dividend payout comes despite the subdued financial performance, indicating a stable capital distribution policy.
Company Overview
Headquartered in Mumbai, Oberoi Realty is a leading name in the real estate sector. The firm is known for luxury residential projects, high-end commercial spaces, and integrated townships. The company continues to focus on creating premium developments with a blend of modern living, retail, and hospitality.
Stock Performance Over 2025
Oberoi Realty’s share price has experienced high volatility throughout 2025:
- January: Down 21.5%
- February: Down 18%
- March: Gained 10.3%
- April: Up 0.3%
- May: Up 6.4%
- June: Rose 9%
- July (so far): Dropped 7.5%
The recent fall in July ends a streak of four consecutive months of gains.
Summary of the Article
The Oberoi Realty share price fell sharply by 4% after the release of disappointing Q1 FY26 results. The company recorded a 28% decline in net profit and a 29.7% decrease in revenue, driven largely by a sharp increase in construction-related expenses. Despite this, the firm has declared a ₹2 per share interim dividend.
As the real estate major navigates rising costs and market pressure, its stock remains underperforming in 2025. However, the company’s focus on premium housing and community-centric developments continues to be a cornerstone of its long-term strategy.
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