ICICI Direct has come out with its fourth quarter (January-March’ 21) earnings estimates for the Real Estate & Infrastructure sector. The brokerage house expects Oberoi Realty to report net profit at Rs. 311 crore up 8.5% year-on-year (up 23.9% quarter-on-quarter).
Net Sales are expected to increase by 78.5 percent Y-o-Y (up 13.7 percent Q-o-Q) to Rs. 941.7 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 16.9 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs. 433.2 crore.
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