Monday, 12 August 2013

DLF Results

DLF Ltd rallied as much as 6.8 per cent in morning trade on Tuesday in a weak market, a day after the real-estate major reported good set of numbers which were above consensus estimate, both on revenue and profitability front. 

At 09:20 a.m.; DLF was trading 6.06 per cent higher at Rs 146.90. The stock has hit a low of Rs 142.90 and a high of Rs 148.10 in trade today. 

Although the real-estate major reported 38 per cent fall in the consolidated net profit at Rs 181.19 crore for the quarter ended June 30 on higher expenses, its top line grew by 4 per cent YoY. 

The company had posted a net profit of Rs 292.79 crore in the year-ago period. 

On the top-line front, DLF's revenue grew by 4.0% y-o-y to Rs 2,314 crore in 1QFY2014; which was above consensus estimate of Rs 2,063 cr. EBIDTAM came in at 39.6 per cent in 1QFY2014 which was above street estimate of 37.0 per cent. 

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