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    HomeNewsBusinessEarningsSobha Q2 PAT seen up 6% to Rs 38 cr: Kotak Sec.

    Sobha Q2 PAT seen up 6% to Rs 38 cr: Kotak Sec.

    Net Sales are expected to decrease by 22.6 percent Q-o-Q (down 2.4 percent Y-o-Y) to Rs 441 crore, according to Kotak Securities.

    October 12, 2016 / 16:31 IST
       
       
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      Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Real Estate sector. The brokerage house expects Sobha to report net profit at Rs 38 crore, up 6 percent quarter-on-quarter.

      Net Sales are expected to decrease by 22.6 percent Q-o-Q (down 2.4 percent Y-o-Y) to Rs 441 crore, according to Kotak Securities.

      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.6 percent Q-o-Q (down 10.7 percent Y-o-Y) to Rs 104.3 crore.
      Kotak Securities' report on SobhaMarina, Kochi soft launched in 1QFY17; but we expect overall sales to remain weak. Receivables from land deal and efficiency in operations will result in positive OCF.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Oct 12, 2016 04:31 pm

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