Mahindra Lifespace Q4 PAT may dip 19.4% YoY to Rs. 13.3 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Real Estate sector. The brokerage house expects Mahindra Lifespace to report net profit at Rs. 13.3 crore down 19.4% year-on-year (down 13.8% quarter-on-quarter).

Net Sales are expected to decrease by 24.9 percent Y-o-Y (down 10.1 percent Q-o-Q) to Rs. 109.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 62.8 percent Y-o-Y (down 34 percent Q-o-Q) to Rs. 5.7 crore.

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