ICICI Direct has come out with its first quarter (April-June’ 22) earnings estimates for the Real Estate & Building Material sector. The brokerage house expects Brigade Enterprises to report net profit at Rs. 40 crore (up 23.2% quarter-on-quarter).
Net Sales are expected to increase by 148.4 percent Y-o-Y (up 0.9 percent Q-o-Q) to Rs. 951 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 97.7 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 220 crore.
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