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.
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