HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Real Estate sector. The brokerage house expects Oberoi Realty to report net profit at 70 crore down 21.9% quarter-on-quarter.
Net Sales are expected to decrease by 7.9 percent Q-o-Q (up 2.4 percent Y-o-Y) to Rs 230 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.7 percent Q-o-Q (up 14.1 percent Y-o-Y) to Rs 120 crore.
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