ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Real Estate & Infrastructure sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 297.8 crore up 3.9% year-on-year (up 11.7% quarter-on-quarter).
Net Sales are expected to increase by 7.4 percent Y-o-Y (up 17.9 percent Q-o-Q) to Rs. 889.5 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 8.2 percent Y-o-Y (up 10.9 percent Q-o-Q) to Rs. 414 crore.
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