Net Sales are expected to decrease by 22.6 percent Q-o-Q (down 2.4 percent Y-o-Y) to Rs 441 crore, according to Kotak Securities.
Kotak Securities' report on Sobha
Marina, Kochi soft launched in 1QFY17; but we expect overall sales to remain weak.
Receivables from land deal and efficiency in operations will result in positive OCF.
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