HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at Rs 70 crore down 19.1% quarter-on-quarter.
Net Sales are expected to decrease by 12.7 percent Q-o-Q (down 71.8 percent Y-o-Y) to Rs 220 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.2 percent Q-o-Q (down 67.4 percent Y-o-Y) to Rs 110 crore.
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