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.

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ICICI Direct has come out with its first quarter (April-June’ 18) earnings estimates for the Real Estate sector. The brokerage house expects Sobha Developers to report net profit at Rs. 56.1 crore up 17.7% year-on-year (down 14.1% quarter-on-quarter).

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.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.5 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 140.4 crore.

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First Published on Jul 16, 2018 01:37 pm

Sobha Developers Q1 PAT seen up 17.7% YoY to Rs. 56.1 cr: ICICI Direct

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.