ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Real Estate sector. The brokerage house expects Sobha Developers to report net profit at Rs. 62.5 crore down 4.4% year-on-year (down 10.4% quarter-on-quarter).
Net Sales are expected to decrease by 9.8 percent Y-o-Y (down 11.9 percent Q-o-Q) to Rs. 694.3 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.7 percent Y-o-Y (down 9.3 percent Q-o-Q) to Rs. 144.2 crore.
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ICICI Direct - All Sectors Q4 Estimates
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