Real Estate Q3 Earnings Preview - Positively Placed: HDFC Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Report.Q3 FY22 seems to be promising for the tier-I developers as pre-sales numbers reported by Sobha Ltd. and Oberoi Realty Ltd. remain strong and near all time highs, we believe that trend me be similar for other developers as well. Despite an inauspicious period, holiday season toward December 2021 second half and emergence of Omicron, Q3 FY22 presales remained healthy. Whilst January 2022 second half was expected to be launch heavy, we believe that Omicron driven Covid-19 wave three will push back the launches towards end of Q4 FY22. We expect the aggregate revenue/Ebitda/profit after tax for the coverage universe to grow sequentially by 2/2/5%. The impact of commodities’ prices will smoothen over the project completion period as companies will take the hit once projects complete..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Real Estate Q3 Earnings Preview - Positively Placed: HDFC Securities

Real Estate Q3 Earnings Preview - Positively Placed: HDFC Securities

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