Sobha Developers Q2 PAT seen up 27.5% YoY to Rs. 49.2 cr: Edelweiss

Edelweiss has come out with its second quarter (July-September) earnings estimates for the Real Estate sector. The brokerage house expects Sobha Developers to report net profit at Rs. 49.2 crore up 27.5% year-on-year (4.7% quarter-on-quarter).

Net Sales are expected to increase by 28.5 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 695.5 crore, according to Edelweiss.

Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 27.8 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 132.1 crore.

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