Real Estate Stocks Decline After Oberoi Realty’s Q1 Results: Godrej Properties, Phoenix, Raymond Among Top Losers

Market Performance: Nifty Realty Index Under Pressure

The Indian real estate sector witnessed a broad-based decline in early trade on July 22, following weak Q1 earnings by Oberoi Realty.

• Nifty Realty Index dropped over 1%, hovering around the 996 mark in morning trade.
• The sentiment was weighed down by disappointing quarterly numbers from one of the sector's key players.

Main News: Oberoi Realty’s Q1 Earnings Trigger Sector-Wide Fall

Oberoi Realty reported its financial results for the first quarter of FY26, leading to a noticeable drop in its stock and others in the sector.

Financial Performance of Oberoi Realty (Q1 FY26):

• Net Profit: ₹421 crore
  • Down by 28% YoY (vs ₹584 crore in Q1 FY25)
• Revenue from Operations: ₹987.55 crore
  • Declined by ~30% YoY
• EBITDA: ₹607 crore
• Net Profit Margin: 39.22%
• Dividend Announcement:
  • Interim dividend of ₹2 per equity share
  • Record Date: July 25
  • Payment Date (on or before): August 7

The results reflected a slowdown in operational performance despite continued optimism on luxury housing demand.

Company Details: Share Price Movement Highlights

Oberoi Realty Share Price Update

• Declined nearly 1% to ₹1,821 apiece
• Intraday low: ₹1,781, a drop of almost 3%
• 1-Month Change: Down 6%
• 6-Month Change: Up 3%

Raymond Ltd

• Biggest loser on the Nifty Realty index
• Dropped 2% to ₹723 apiece

Phoenix Mills & Anant Raj

• Each declined by ~2%

Godrej Properties, Brigade Enterprises, Macrotech Developers (Lodha)

• All recorded a ~1% dip

DLF, Sobha, Prestige Estates

• Shares hovered in the red with marginal losses

This sector-wide reaction illustrates the sensitivity of investor sentiment to financial performance, particularly from key players.

Summary of the Article

The decline in Oberoi Realty’s Q1 results triggered a ripple effect across the real estate sector, dragging down stocks like Godrej Properties, Phoenix Mills, Raymond, Macrotech Developers, DLF, Sobha, and Prestige Estates. The Nifty Realty Index slumped by over 1%, reflecting the overall bearish outlook for the day.

While no technical indicators or future projections were discussed, the results reflect short-term investor reactions driven by earnings volatility.