DLF Q4 Results- Reporting Weak Earning
The share price of DLF rose nearly 2 percent in the morning trade on May 18 despite reporting weak earnings.
The real estate developer on May 17 reported a 16 percent year-on-year decline in consolidated net profit at Rs 405.3 crore.
DLF Q4 Results- Consolidated Net Profit
DLF Q4 Results- Consolidated Revenue
The company’s consolidated revenue fell 10 percent on-year to Rs 1,547.3 crore in the reported quarter.
Investors were, however, impressed by the strong pre-sales bookings the company’s residential segment saw during the quarter.
DLF Q4 Results- Investors were Impressed
DLF Q4 Results- Pre Sales Booking
DLF reported pre-sales booking of Rs 2,700 crore for the March quarter, which was higher by 158 percent on-year.
DLF launched a plotted development project in Chennai and received a strong response, bookings of Rs 500 crore.
DLF Q4 Results- Plotted Development Project
DLF Q4 Results- UBS Securities Rating
Brokerage firm UBS Securities said that the March quarter performance was strong, as its "buy" rating & price target of Rs 440.
DLF continued to pare its net debt during the March quarter. Net debt declined to Rs 2,600 crore from Rs 3,200 crore.
DLF Q4 Results- Net Debt Decreased
DLF Q4 Results- Swipe Up For More!!!
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