Moneycontrol
Oct 12, 2016 04:31 PM IST IST | Source: Moneycontrol.com

Sobha Q2 PAT seen up 6% to Rs 38 cr: Kotak Sec.

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 has come out with its second quarter (July-September) earnings estimates for the Real Estate sector. The brokerage house expects Sobha to report net profit at Rs 38 crore, up 6 percent quarter-on-quarter.


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.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.6 percent Q-o-Q (down 10.7 percent Y-o-Y) to Rs 104.3 crore.

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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