HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Brigade Enterprises to report net profit at Rs. 38.9 crore up 38.9% year-on-year (down 10% quarter-on-quarter).
Net Sales are expected to increase by 30.7 percent Y-o-Y (down 9.4 percent Q-o-Q) to Rs. 634 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 31.7 percent Y-o-Y (down 1.5 percent Q-o-Q) to Rs. 177 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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!
Read More
