KR Choksey has come out with its earnings estimates on Sobha Developers for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 35% at Rs 440 crore, Year-on-Year (YoY) basis.
The company's net profit is seen up 20% at Rs 49 crore, YoY. Expect the company to book 0.73msf in Q2FY13 due to healthy demand in Bangalore residential market and couple of new launches. Net margins to improve q-o-q due to reduction in debt level by non-core asset sale.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!
