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Prestige Estate Q2 PAT seen up 25.5% YoY to Rs. 95.3 cr: Yes Securities

Net Sales are expected to increase by 0.5 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs. 1,351.7 crore, according to Yes Securities.

October 14, 2022 / 02:53 PM IST
Prestige Estates Projects<br />
Total number of schemes that held the stock: 46<br />
MFs’ investment value: Rs 1,006 crore<br />
A few schemes that recently added the stock in the portfolio: Franklin India Prima, HDFC Focused 30 and HSBC Mid Cap Fund

Prestige Estates Projects
Total number of schemes that held the stock: 46
MFs’ investment value: Rs 1,006 crore
A few schemes that recently added the stock in the portfolio: Franklin India Prima, HDFC Focused 30 and HSBC Mid Cap Fund

 
 
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Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Real Estate sector. The brokerage house expects Prestige Estate to report net profit at Rs. 95.3 crore up 25.5% year-on-year (down 53.5% quarter-on-quarter).

Net Sales are expected to increase by 0.5 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs. 1,351.7 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 64 percent Y-o-Y (up 468 percent Q-o-Q) to Rs. 385.3 crore.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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