HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Real Estate sector. The brokerage house expects DLF to report net profit at Rs 100 crore down 47.8% quarter-on-quarter.
Net Sales are expected to decrease by 7.6 percent Q-o-Q (down 32.4 percent Y-o-Y) to Rs 1910 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.1 percent Q-o-Q (down 29.3 percent Y-o-Y) to Rs 870 crore.
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