Q1 Earnings Impact: Oberoi Realty shares fall 4% after Q1 profit drops 28% YoY; revenue, margins also slide
The company's revenue from operations declined 29.7 percent to ₹ 987.5 crore in Q1 FY26, down from ₹ 1,405 crore reported in Q1 FY25. On the operating front, earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped 36 percent year-on-year to ₹ 520.4 crore, against ₹ 815 crore in the same period a year ago. The EBITDA margin contracted to 52.7 percent from 58 percent.
Despite total expenses falling 14 percent to ₹ 574 crore, a sharp 86 percent jump in land, development rights, and construction costs — from ₹ 335 crore to ₹ 626 crore — weighed heavily on profitability.
In a separate announcement, Oberoi Realty declared an interim dividend of ₹ 2 per equity share for FY25-26, amounting to 20 percent of the face value of ₹ 10. The company has set July 25, 2025, as the record date for determining eligible shareholders, with the dividend payout scheduled on or before August 7, 2025.
Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, said that the demand for luxury housing remains robust, supported by consumers' aspirations for elevated living. He added, 'We are pleased to report another healthy quarter, driven by the successful tower launch at Elysian, Oberoi Garden City, Goregaon. At Oberoi Realty, we remain focused on creating developments that foster vibrant communities — through thoughtfully designed homes, premium retail, world-class hotels, and sustainable living experiences.'
Following the earnings announcement, the stock dropped as much as 4 percent during the day. It currently trades over 25 percent below its 52-week high of ₹ 2,349.80, hit in December 2024. On the downside, the stock had touched its 52-week low of ₹ 1,440 in April 2025.
Over the last one year, Oberoi Realty's shares have gained nearly 5 percent. However, the stock has lost 19 percent so far in 2025. In July alone, it has fallen 7.5 percent after four consecutive months of gains — 9 percent in June, 6.4 percent in May, 0.3 percent in April, and 10.3 percent in March. Earlier in the year, the stock had started on a weak note with a steep 21.5 percent decline in January and an 18 percent drop in February.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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