HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Real Estate sector. The brokerage house expects Kolte-Patil Developers to report net profit at 10 crore down 29.5% quarter-on-quarter.
Net Sales are expected to decrease by 28.9 percent Q-o-Q (down 12.5 percent Y-o-Y) to Rs 160 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 28.2 percent Q-o-Q (down 24 percent Y-o-Y) to Rs 40 crore.
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