India's Oberoi Realty falls after first-quarter profit drops more than expected

Oberoi Realty

22/07/2025 04:56

** Shares of Oberoi Realty OEBO.NS fall 2% to 1,797 rupees

** Real estate developer posts 27% Y/Y drop in Q1 consol net profit to 4.21 billion rupees ($48.83 mln), missing analysts' average estimate of 6.7 billion rupees, as per data compiled by LSEG.

** Rev from ops down 29.7% at 9.88 bln rupees, missing average estimate of 16.45 bln rupees

** Avg rating of 23 analysts equivalent of "buy", median PT is 1,821.5 rupees - data compiled by LSEG

** Stock down 23% YTD

($1 = 86.2220 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))