DB Realty Q3 profit after tax seen up at Rs 122 cr
Mumbai based realty firm DB Realty is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go up to Rs 122 crore as against Rs 120 crore in previous quarter.
January 31, 2011 / 10:11 IST
Mumbai based realty firm DB Realty is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go up to Rs 122 crore as against Rs 120 crore in previous quarter.
Revenues are seen going up to Rs 350 crore from Rs 338 crore (QoQ). Earning before interest, tax, depreciation and amortisation (EBITDA) too is likely to go up to Rs 145 crore from Rs 140 crore on quarter-on-quarter basis.Expectations *TDRs from Mahul Nagar project to continue contributing the largest share of revenues in 3QFY11*Orchid Woods in Goregaon East is expected to contribute substantially to revenues since the project is in advanced stages of completion.*Current revenue being booked from Mahul, Ozone, Woods and Suburbia Projects*Current debt @ Rs 200 crore*Cash in hand @ Rs 415 crore and cash equivalents @ Rs 520 crore*So far deployed an estimated Rs 565 crore from IPO proceeds towards construction*Average margins to come @ 38% versus 40% QoQ due to rise in input costs*Labour, cement prices on the rise, increasing @ 5-7% on input costs QoQ*Scouting for PE funding of Rs 1200 crore for Bandra Redevelopment Project*Average prices for Goregaon project @ Rs 11000/ Sq Ft*During the quarter the company paid back LIC Housing Finance Rs 188 crore Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
