Godrej Properties Q2 PAT seen up 42.5% to Rs 62 cr: Kotak Sec.

Net Sales are expected to increase by 5.8 percent Q-o-Q (down 78 percent Y-o-Y) to Rs 321.5 crore, according to Kotak Securities.

October 12, 2016 / 16:07 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 Godrej Properties to report net profit at Rs 62 crore, up 42.5 percent quarter-on-quarter.

Net Sales are expected to increase by 5.8 percent Q-o-Q (down 78 percent Y-o-Y) to Rs 321.5 crore, according to Kotak Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 51.8 percent Q-o-Q (down 63.5 percent Y-o-Y) to Rs 60.3 crore.

Kotak Securities' report on Godrej PropertiesSales momentum is likely to remain slow, on seasonality and type of projects having unsold area.2QFY17 will be key to evaluate OCF trends, as we do not expect any one-offs in the quarter.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.

first published: Oct 12, 2016 04:07 pm

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