Oberoi Realty Q1 PAT may dip 81.8% YoY to Rs. 27.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-July’ 20) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 27.7 crore down 81.8% year-on-year (down 65.9% quarter-on-quarter).

Net Sales are expected to decrease by 48 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 313.5 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 60 percent Y-o-Y (down 29.5 percent Q-o-Q) to Rs. 94 crore.

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