HDFC Securities has come out with its fourth quarter (January-March) earnings estimates for the Real Estate sector. The brokerage house expects Prestige Estates to report net profit at 50 crore down 23.1% quarter-on-quarter.
Net Sales are expected to decrease by 9.5 percent Q-o-Q (down 1.8 percent Y-o-Y) to Rs 1120 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7.4 percent Q-o-Q (down 15.1 percent Y-o-Y) to Rs 220 crore.
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