Sector analysis · India
Realty sector earnings growth, Q2 FY24
The 20 largest Realty companies by market cap at the end of Q2 FY24 (30 Sep 2023), compared with Q2 FY23.
The top 20 at Q2 FY24
Q2 FY24 vs Q2 FY23: combined net profit ₹3,496 cr (+82%), median EPS +31% (13 of 19 up), market-cap-weighted price +23%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | DLF Limited | 29.6% | 1.93 → 2.52 | +31% | +4.8 pp | +49% |
| 2 | Lodha Developers Limited | 16.9% | −9.69 → 2.09 | turned profitable | +37.2 pp | −13% |
| 3 | Godrej Properties Limited | 9.7% | 1.98 → 2.40 | +21% | +0.4 pp | +30% |
| 4 | Oberoi Realty Limited | 9.5% | 8.76 → 12.54 | +43% | +4.5 pp | +26% |
| 5 | The Phoenix Mills Limited | 7.3% | 5.20 → 7.07 | +36% | +2.2 pp | +30% |
| 6 | Prestige Estates Projects Limited | 5.4% | 3.51 → 21.23 | +505% | +23.3 pp | +34% |
| 7 | Brigade Enterprises Limited | 3.0% | 2.52 → 4.34 | +72% | +1.8 pp | +12% |
| 8 | Aditya Birla Real Estate Limited | 2.8% | 6.41 → −2.73 | to loss | −3.3 pp | +38% |
| 9 | Mahindra Lifespace Developers Limited | 1.9% | −0.36 → −0.89 | loss, bigger | −0.4 pp | +17% |
| 10 | Valor Estate Limited | 1.7% | 16.62 → 17.63 | +6% | +10.3 pp | +50% |
| 11 | Anant Raj | 1.6% | 1.03 → 1.85 | +80% | +0.9 pp | +126% |
| 12 | Signatureglobal (India) Limited | 1.5% | −5.21 → −1.42 | loss, smaller | +1.3 pp | — |
| 13 | Sobha Limited | 1.5% | 1.80 → 1.40 | −22% | −0.1 pp | +9% |
| 14 | Sunteck Realty Limited | 1.5% | 0.16 → −0.95 | to loss | −0.5 pp | +8% |
| 15 | Keystone Realtors Limited | 1.4% | −0.48 → 0.38 | turned profitable | +0.3 pp | — |
| 16 | Man Infra | 1.3% | — → 1.75 | sources disagree | — | +71% |
| 17 | Embassy Developments Limited | 1.0% | 1.04 → −0.34 | to loss | −2.5 pp | +7% |
| 18 | GANESH HOUSING LIMITED | 0.8% | 2.32 → 10.31 | +344% | +2.2 pp | +25% |
| 19 | Kolte - Patil Developers Limited | 0.8% | −0.91 → −3.33 | loss, bigger | −0.6 pp | +37% |
| 20 | Puravankara | 0.7% | −0.73 → −0.47 | loss, smaller | +0.2 pp | +39% |
| Sector earnings growth | 100% | +81.8 pp |
Who joined and who left
0 joined and 0 left the top 20 since the previous quarter, as market caps moved.
Joined the top 20 since the previous quarter
Left the top 20 since the previous quarter
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DLF | +31% | +26% | +62% | +23% | +121% | +62% | +39% | +18% | −15% | +14% | −1% | +4% |
| LODHA | turned profitable | +24% | −13% | +158% | +103% | +81% | +38% | +41% | +86% | +1% | +9% | +103% |
| GODREJPROP | +21% | +6% | +14% | +316% | +403% | +141% | −25% | +7% | +12% | +20% | +70% | −42% |
| OBEROIRLTY | +43% | −49% | +64% | +82% | +29% | +71% | −45% | −28% | +29% | +1% | +62% | +29% |
| PHOENIXLTD | +36% | +58% | +29% | −3% | −14% | −5% | −18% | +3% | +39% | +4% | +50% | +23% |
| PRESTIGE | +505% | −9% | −70% | −27% | −79% | −86% | −83% | +17% | +124% | +1,161% | +902% | −19% |
| BRIGADE | +72% | +29% | +197% | +118% | −16% | +203% | +13% | +69% | +37% | −21% | −41% | +33% |
| ABREL | to loss | +856% | −97% | turned profitable | turned profitable | to loss | to loss | to loss | to loss | loss, bigger | sources disagree | loss, bigger |
| MAHLIFE | loss, bigger | +51% | +16,650% | turned profitable | loss, smaller | to loss | +19% | +300% | turned profitable | turned profitable | +5% | +67% |
| DBREALTY | +6% | turned profitable | loss, smaller | loss, smaller | to loss | −99% | loss, smaller | turned profitable | turned profitable | +1,337% | loss, bigger | to loss |
| ANANTRAJ | +80% | +57% | +51% | +71% | +67% | +45% | +51% | +38% | +30% | +24% | +18% | +13% |
| SIGNATURE | loss, smaller | turned profitable | +380% | turned profitable | turned profitable | +1,280% | +48% | +410% | to loss | to loss | +1,786% | to loss |
| SOBHA | −22% | −53% | −85% | −50% | +74% | +44% | +479% | +123% | +178% | −29% | +125% | +274% |
| SUNTECK | to loss | to loss | turned profitable | turned profitable | turned profitable | turned profitable | −50% | +46% | outside | +37% | +26% | outside |
| RUSTOMJEE | turned profitable | +464% | −60% | −50% | +1,284% | −55% | +91% | −44% | −87% | −77% | −2% | +261% |
| MANINFRA | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −33% | outside | outside | outside | outside |
| EMBDL | to loss | loss, smaller | loss, smaller | sources disagree | sources disagree | sources disagree | turned profitable | sources disagree | sources disagree | sources disagree | to loss | loss, bigger |
| GANESHHOU | +344% | outside | +142% | −29% | outside | +60% | +46% | −18% | −32% | −67% | −63% | −55% |
| KOLTEPATIL | loss, bigger | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside | outside |
| PURVA | loss, smaller | +245% | to loss | turned profitable | loss, bigger | to loss | loss, bigger | to loss | loss, bigger | outside | outside | turned profitable |