Moneycontrol
Nov 09, 2017 06:14 PM IST | Source: Moneycontrol.com

Sobha PAT seen 32% higher at Rs 46 crore; strong operational performance seen

The revenue could be higher by 20 percent at Rs 652 crore against Rs 541 crore.

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Moneycontrol News

Real estate developer Sobha is likely to see 32 percent rise in September quarter net profit at Rs 46 crore against Rs 35 crore posted during the same period last year, a poll of analysts by CNBC-TV18 has revealed.

The revenue could be higher by 20 percent at Rs 652 crore against Rs 541 crore.

Operationally, EBITDA is seen 37 percent higher at Rs 122.5 crore against Rs 89.5 crore year on year.

Meanwhile, the operating margin is seen at 18.8 percent at 16.5 percent.

Among the key things to watch analysts expect better cash collections and a stable net debt and sales to be mostly in line with Q1 levels.

Sobha closed at Rs 481.20, up Rs 10.70, or 2.27 percent on the BSE.
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