After a weak Q1 FY17, the coming quarters should be good in terms of cash flows and revenue recognition, Anil Kumar, Chief Financial Officer, DB Realty, told CNBC-TV18. He expects pre-sales to go up 20 percent on quarterly basis.
NM Gattu, chief financial officer, DB Realty is confident of posting good numbers in both Q4FY15 as well as in FY16 as the company‘s various projects will come to different stages of revenue recognition in the stated time period.
In an interview to CNBC-TV18, Vipul Bansal, group chief executive officer, DB Realty says the company will post robust numbers in the quarters to come as a number of projects will get revenue recognized. He adds that the sales should improve in the upcoming festive season too.
Real estate major DB Realty reported a loss of Rs 33.40 crore at the EBIDTA level. However, Vipul Bansal, CEO DB Realty said that the company expected sales of Rs 2000-3000 crore for FY14
Balrampur Chini, Reliance Communication are a miss whereas Apollo Tyres, Central Bank, Essar OIl are a hit for SP Tulsian.
Mumbai based realty firm DB Realty is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go up to Rs 122 crore as against Rs 120 crore in previous quarter.