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Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
Net Sales are expected to increase by 29.9 percent Y-o-Y (down 44.5 percent Q-o-Q) to Rs. 776.4 crore, according to ICICI Direct.
Net Sales are expected to decrease by 9.8 percent Y-o-Y (down 11.9 percent Q-o-Q) to Rs. 694.3 crore, according to ICICI Direct.
According to the research firm, during 4QFY19E, aggregate revenue will grow 11.2 percent, EBIDTA at 32.8 percent and APAT will grow at 28.1 percent YoY.
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.
Net Sales are expected to decrease by 10.3 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 580 crore, according to HDFC Securities.
Net Sales are expected to increase by 15.4 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 778.6 crore, according to ICICI Direct.
Net Sales are expected to increase by 20.6 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 704.4 crore, according to ICICI Direct.
Real estate company Sobha saw a good quarter on a year on year (YoY) basis due to a base effect but sequentially it was a flat quarter. In an interview with CNBC-TV18, JC Sharma, Vice Chairman and MD of Sobha spoke about the results and his outlook for the company.
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.
Sobha posted a good operational performance as expected in Q1 with positive cash flow and a strong income statement. In an interview to CNBC-TV18, JC Sharma, VC & MD of Sobha discussed the company's Q1 performance.
Net Sales are expected to decrease by 7.4 percent Q-o-Q (down 8.8 percent Y-o-Y) to Rs 500 crore, according to HDFC Securities. Sobha Limited to report net profit at 40 crore down 9.1% quarter-on-quarter.
Speaking to CNBC-TV18, JC Sharma, VC and MD of Sobha said that the company saw an impact on operational performance due to demonetisation.
Net Sales are expected to decrease by 8.9 percent Q-o-Q (up 23.6 percent Y-o-Y) to Rs 490 crore, according to HDFC Securities.
Net Sales are expected to decrease by 8.2 percent Q-o-Q (up 24.6 percent Y-o-Y) to Rs 497 crore, according to Edelweiss.
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.
The net profit fell by 46.6 percent to Rs 32.1 crore and revenue saw a dip of 41.7 percent to Rs 399 crore on a year-on-year basis.
The company has done about 700,000 square feet out of 844,000 sq ft of new sales in the Bangalore alone in the last quarter, said J C Sharma, Vice Chairman & MD, Sobha.
The company‘s Q3 EBITDA rose 8.8 percent to Rs 149 crore, but its operating profit margin fell 460 basis points to 27.4 percent on higher expenses year-on-year. Sharma, however, is bullish on margins coming around 28 percent in the next few quarters.
Sobha Developers plans to enter markets like Kochin, Bangalore, Trichur, Chennai in the coming 2-3 months, JC Sharma.
Sobha achieved its best ever sales realisations in first quarter at Rs 6548 per square feet, up 14.1 percent year-on-year and 4 percent quarter-on-quarter, which was better than FY13 average realisation at Rs 5,897 per square feet as against Rs 5,181 per square feet (up 13.8 percent).
Emkay Equity Advisory expects Sobha Developers to report a 6.7 percent growth quarter-on-quarter (rise of 64.8 percent year-on-year) in net profit at Rs 74.1 crore.
Prabhudas Lilladher expects Sobha Developers to report a 17 percent degrowth quarter-on-quarter (rise of 28.4 percent year-on-year) in net profit at Rs 57.8 crore.
The Bangalore-based real estate firm Sobha Developers is going to declare its results for the third quarter of financial year 2012-13 on Thursday. Analysts on an average expect profit after tax of the company to grow by 44 percent year-on-year to Rs 58 crore in the quarter.
KRChoksey has come out with its earning estimates on real estate sector for the quarter ended December 2012. According to the research firm, the sales momentum is expected to continue to improve from the current levels. It seems developers would have witnessed uptick both in terms of volume and pricing in Q3FY13.