Oberoi Realty Q1 PAT seen up 358.4% YoY to Rs. 128.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 128.7 crore up 358.4% year-on-year (down 55.1% quarter-on-quarter).

Net Sales are expected to increase by 243.2 percent Y-o-Y (down 48.7 percent Q-o-Q) to Rs. 405 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 218.1 percent Y-o-Y (down 50.6 percent Q-o-Q) to Rs. 184.3 crore.

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