HDIL Q2 net may dip 96.5% at Rs 5cr: Prabhudas Lilladher
Sales of Housing Development and Infrastructure are expected to decrease by 25.3 percent Q-o-Q (down 56.5 percent Y-o-Y) to Rs 112.5 crore.
November 13, 2013 / 15:47 IST
Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the real estate sector. The brokerage house expects Housing Development and Infrastructure (HDIL) to report a 69.2 percent degrowth quarter-on-quarter (down 96.5 percent Y-o-Y) in net profit at Rs 5 crore.
Sales of Housing Development and Infrastructure are expected to decrease by 25.3 percent Q-o-Q (down 56.5 percent Y-o-Y) to Rs 112.5 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 35.5 percent Q-o-Q (down 77.7 percent Y-o-Y) to Rs 45 crore.Prabhudas Lilladher's Report on Housing Development and Infrastructure:We expect FSI and TDR sales to be absent during the quarter and hence, a dull quarter. On the revenue recognition front, we expect some project completion revenues for the quarter as HDIL has a couple of projects in the handover stage. With debtor realization rolling from sales of FSI, we expect cashflow pressures to slightly ease.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!
