Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Real Estate sector. The brokerage house expects DLF to report net profit at Rs. 535.8 crore up 41.4% year-on-year (up 14.1% quarter-on-quarter).
Net Sales are expected to decrease by 9 percent Y-o-Y (down 6.5 percent Q-o-Q) to Rs. 1,347.3 crore, according to Yes Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 229 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 386 crore.
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