HDFC Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Prestige Estates to report net profit at Rs. 110 crore up 22.6% year-on-year (up 13.3% quarter-on-quarter).
Net Sales are expected to increase by 9.7 percent Y-o-Y (up 5.5 percent Q-o-Q) to Rs. 1,400 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.7 percent Y-o-Y (down 20.3 percent Q-o-Q) to Rs. 292 crore.
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HDFC Earnings Estimates - Real Estate Sector
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