India's Oberoi Realty falls after Q4 profit drops, misses estimates

Oberoi Realty

29/04/2025 07:49

** Shares of real-estate developer Oberoi Realty OEBO.NS fall as much as 4.3% to 1,585.80 rupees

** Co on Monday reported a 45% Y/Y drop in Q4 consol net profit to 4.33 billion rupees ($50.8 million), missing analysts' average estimate of 5.73 billion rupees, as per data compiled by LSEG.

** Rev from ops down 12.5% Y/Y

** Share price below 50-day, 100-day and 200-day exponential moving averages

** More than 919,000 shares change hands, 1.5x of 30-day avg

** Avg rating of 23 analysts equivalent of "buy", median PT is 2,030 rupees - data compiled by LSEG

** Stock down 30.5%, YTD

($1 = 85.3050 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))