Sector analysis · India
Realty sector earnings growth, Q4 FY25
The 20 largest Realty companies by market cap at the end of Q4 FY25 (31 Mar 2025), compared with Q4 FY24.
The top 20 at Q4 FY25
Q4 FY25 vs Q4 FY24: combined net profit ₹4,168 cr (+10%), median EPS +19% (12 of 19 up), market-cap-weighted price −5%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | DLF Limited | 24.9% | 3.72 → 5.18 | +39% | +8.4 pp | −24% |
| 2 | Lodha Developers Limited | 17.6% | 6.69 → 9.24 | +38% | +6.0 pp | +5% |
| 3 | Godrej Properties Limited | 9.5% | 16.95 → 12.68 | −25% | −2.1 pp | −7% |
| 4 | Oberoi Realty Limited | 8.8% | 21.67 → 11.91 | −45% | −8.3 pp | +11% |
| 5 | The Phoenix Mills Limited | 8.7% | 9.14 → 7.52 | −18% | −1.4 pp | +18% |
| 6 | Prestige Estates Projects Limited | 7.5% | 3.49 → 0.58 | −83% | −2.7 pp | +1% |
| 7 | Brigade Enterprises Limited | 3.5% | 6.69 → 7.58 | +13% | +1.0 pp | +4% |
| 8 | Aditya Birla Real Estate Limited | 3.2% | 0.34 → −11.73 | to loss one-off | −3.1 pp | +20% |
| 9 | Anant Raj | 2.5% | 2.29 → 3.46 | +51% | +0.9 pp | +58% |
| 10 | Signatureglobal (India) Limited | 2.3% | 2.93 → 4.35 | +48% | +0.5 pp | −20% |
| 11 | Embassy Developments Limited | 2.0% | −5.58 → 1.06 | turned profitable | +10.1 pp | −3% |
| 12 | Sobha Limited | 1.9% | 0.66 → 3.82 | +479% | +0.8 pp | −5% |
| 13 | GANESH HOUSING LIMITED | 1.3% | 13.53 → 19.78 | +46% | +1.2 pp | +43% |
| 14 | Valor Estate Limited | 1.2% | −0.12 → −0.04 | loss, smaller | +0.1 pp | −23% |
| 15 | Keystone Realtors Limited | 1.0% | 2.69 → 5.14 | +91% | +0.8 pp | −12% |
| 16 | Max Estates | 0.9% | −0.11 → 1.08 | turned profitable | +0.4 pp | +41% |
| 17 | Puravankara | 0.9% | −0.28 → −3.71 | loss, bigger | −1.9 pp | +18% |
| 18 | Sunteck Realty Limited | 0.8% | 6.92 → 3.44 | −50% | −1.2 pp | −1% |
| 19 | Man Infra | 0.8% | — → 2.59 | sources disagree | — | −27% |
| 20 | Mahindra Lifespace Developers Limited | 0.7% | 3.35 → 3.99 | +19% | +0.3 pp | −49% |
| Sector earnings growth | 100% | +9.9 pp |
Who joined and who left
0 joined and 0 left the top 20 since Q3 FY25, as market caps moved.
Joined the top 20 since Q3 FY25
Left the top 20 since Q3 FY25
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 |
| 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 |
| 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 |
| SOBHA | −22% | −53% | −85% | −50% | +74% | +44% | +479% | +123% | +178% | −29% | +125% | +274% |
| GANESHHOU | +344% | outside | +142% | −29% | outside | +60% | +46% | −18% | −32% | −67% | −63% | −55% |
| DBREALTY | +6% | turned profitable | loss, smaller | loss, smaller | to loss | −99% | loss, smaller | turned profitable | turned profitable | +1,337% | loss, bigger | to loss |
| RUSTOMJEE | turned profitable | +464% | −60% | −50% | +1,284% | −55% | +91% | −44% | −87% | −77% | −2% | +261% |
| MAXESTATES | outside | — | outside | — | +820% | turned profitable | turned profitable | +545% | +246% | to loss | to loss | −28% |
| PURVA | loss, smaller | +245% | to loss | turned profitable | loss, bigger | to loss | loss, bigger | to loss | loss, bigger | outside | outside | turned profitable |
| SUNTECK | to loss | to loss | turned profitable | turned profitable | turned profitable | turned profitable | −50% | +46% | outside | +37% | +26% | outside |
| MANINFRA | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −33% | outside | outside | outside | outside |
| MAHLIFE | loss, bigger | +51% | +16,650% | turned profitable | loss, smaller | to loss | +19% | +300% | turned profitable | turned profitable | +5% | +67% |