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    HomeNewsBusinessEarningsDLF Q2 PAT seen down 66.8% at Rs 101.1 cr: Kotak Sec.

    DLF Q2 PAT seen down 66.8% at Rs 101.1 cr: Kotak Sec.

    Net Sales are expected to increase by 6 percent Q-o-Q (up 6.1 percent Y-o-Y) to Rs 1979.2 crore, according to Kotak Securities.

    October 12, 2016 / 16:04 IST
       
       
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      Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Real Estate sector. The brokerage house expects DLF to report net profit at Rs 101.1 crore, down 66.8 percent quarter-on-quarter.

      Net Sales are expected to increase by 6 percent Q-o-Q (up 6.1 percent Y-o-Y) to Rs 1979.2 crore, according to Kotak Securities.

      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.8 percent Q-o-Q (down 17.7 percent Y-o-Y) to Rs 772.8 crore.
      Kotak Securities' report on DLFWith increase in capex and construction expenditure, we expect debt to increase by over Rs5 bn in 2QFY17.Clarity on DCCDL stake sale remains the key, as pre-sales continue to be lackluster. Estimating key items in income statement is difficult on account of several changes.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.

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      first published: Oct 12, 2016 04:04 pm

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