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    HomeNewsBusinessEarningsPrestige Estates Q2 PAT seen up 15.6% to Rs 55.2 cr: Kotak Sec.

    Prestige Estates Q2 PAT seen up 15.6% to Rs 55.2 cr: Kotak Sec.

    Net Sales are expected to increase by 4.5 percent Q-o-Q (down 18 percent Y-o-Y) to Rs 987.4 crore, according to Kotak Securities.

    October 12, 2016 / 16:24 IST
       
       
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      Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Real Estate sector. The brokerage house expects Prestige Estates to report net profit at Rs 55.2 crore, up 15.6 percent quarter-on-quarter.

      Net Sales are expected to increase by 4.5 percent Q-o-Q (down 18 percent Y-o-Y) to Rs 987.4 crore, according to Kotak Securities.

      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.5 percent Q-o-Q (down 33 percent Y-o-Y) to Rs 181.6 crore.

      Kotak Securities' report on Prestige Estates

      Sales to be marginally better than 1QFY17 but lower than FY2015 run-rate; no new launches reported. 

      Collections could maintain Rs9-10 bn/quarter run-rate.
      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Oct 12, 2016 04:24 pm

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