HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Kolte- Patil Developers to report net profit at Rs. 27 crore down 10.6% year-on-year (down 29.6% quarter-on-quarter).
Net Sales are expected to increase by 33.6 percent Y-o-Y (down 22 percent Q-o-Q) to Rs. 305 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 16.3 percent Y-o-Y (down 39 percent Q-o-Q) to Rs. 83 crore.
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