HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Real Estate sector. The brokerage house expects Sobha Limited to report net profit at Rs 40 crore down 0.9% quarter-on-quarter.
Net Sales are expected to decrease by 8.9 percent Q-o-Q (up 23.6 percent Y-o-Y) to Rs 490 crore, according to HDFC Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 3.6 percent Q-o-Q (down 9.3 percent Y-o-Y) to Rs 100 crore.
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