Nifty Realty Falls 3%, Lodha, Oberoi, Brigade Among Top Losers - Know Why

Realty stocks came under pressure on July 23 after block deals in Lodha Developers and Oberoi Realty. Lodha Developers shares plunged as much as 7.6 per cent to hit an intraday low of Rs 1,332 apiece on the NSE. Following it, Oberoi Realty fell up to 4.16 per cent to the day’s low at Rs 1,750.20 apiece.

This induced a broad-based sell-off in the real estate sector as the Nifty Realty index cracked over 3 per cent. All the constituents of the index, including Godrej Properties, Prestige Estates, Sobha Realty, Raymond, and DLF, traded in the red in early session.

Oberoi Realty, Lodha Developers Block Deal

According to a CNBC TV18 report, as many as 1.11 crore shares or 3.1 per cent stakes of the Mumbai-based Oberoi Realty changed hands at a floor price of Rs 1,762 per share. The floor price is at a discount of 3.5 per cent.

As per an Economic Times report, as many as 98 lakh shares, or 1 per cent stake, of Lodha Developers changed hands at a floor price of Rs 1,384.60 per share. The floor price is at a discount of 4 per cent.  The transaction amount was about $165 million, equivalent to Rs 1,425.56 crore at the current exchange rate.

Both the reports added that the Oberoi Realty block deal and Lodha Developers block deal were clean-out trades, which means the selling shareholder fully exited their position.

Year-to-date (YTD), Oberoi Realty share price has declined nearly 23 per cent, and Lodha Developers share price has yielded a negative return of nearly 2 per cent.

Oberoi Realty Q1 Results

Oberoi Realty reported a net profit of Rs 421.2 crore for the first quarter of this fiscal (Q1 FY26), a fall of 28 per cent year-on-year (YoY) from Rs 585 crore in the previous year’s corresponding quarter.

Revenue from operations also fell nearly 30 per cent to Rs 987.5 crore from Rs 1,405 crore in Q1 FY25.

Earnings before interests, taxes, depreciation and amortisation (Ebitda) fell 36 per cent YoY to Rs 520.4 crore, while the EBITDA margin slipped to 52.7 per cent from 58 per cent a year ago.

Oberoi Realty's Board of Directors also declared an interim dividend of Rs 2 per equity share for FY25-26. The record date for the determining the eligibility of shareholders is July 25 and the payment of the same will be done on or before August 7.