Sobha Limited Q3 PAT seen up 20.9% YoY to Rs. 65 cr: HDFC Securities

HDFC Securities has come out with its third quarter (October-December’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Sobha Limited to report net profit at Rs. 65 crore up 20.9% year-on-year (up 23.2% quarter-on-quarter).

Net Sales are expected to increase by 27.8 percent Y-o-Y (up 34.3 percent Q-o-Q) to Rs. 885 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 16.5 percent Y-o-Y (up 14.2 percent Q-o-Q) to Rs. 160 crore.

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