ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Real Estate & Infrastructure sector. The brokerage house expects The Phoenix Mills to report net profit at Rs. 78 crore up 19.2% year-on-year (up 31.1% quarter-on-quarter).
Net Sales are expected to increase by 28.2 percent Y-o-Y (up 16.6 percent Q-o-Q) to Rs. 433 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 36.3 percent Y-o-Y (up 16.2 percent Q-o-Q) to Rs. 216.5 crore.
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