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Mahindra Lifespace Q1 PAT may dip 10.4% YoY to Rs. 9.5 cr: ICICI Direct

Net Sales are expected to decrease by 27.3 percent Y-o-Y (down 45.3 percent Q-o-Q) to Rs. 79.5 crore, according to ICICI Direct.

 
 
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ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Mahindra Lifespace to report net profit at Rs. 9.5 crore down 10.4% year-on-year (down 42.1% quarter-on-quarter).


Net Sales are expected to decrease by 27.3 percent Y-o-Y (down 45.3 percent Q-o-Q) to Rs. 79.5 crore, according to ICICI Direct.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 26.1 percent Y-o-Y (down 43.6 percent Q-o-Q) to Rs. 8.6 crore.


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