Oberoi Realty Q2 PAT seen up 108.8% YoY to Rs. 218 cr: HDFC Securities

HDFC Securities has come out with its second quarter (July-September’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 218 crore up 108.8% year-on-year (down 29.6% quarter-on-quarter).

Net Sales are expected to increase by 107.8 percent Y-o-Y (down 29 percent Q-o-Q) to Rs. 631 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 94.2 percent Y-o-Y (down 31.1 percent Q-o-Q) to Rs. 318 crore.

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