Street expects DLF's revenues of 2800cr in this quarter

94444 Investors following DLF. Share this News with them.

0

Like this story, share it with millions of investors on M3

Street expects DLF's revenues of 2800cr in this quarter

The street is expecting around Rs 2800 crore of revenues today and 50% of the net profit margin is what DLF’s guidance has been.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other CNBC-TV18 anchors have to say DLF BSE | NSE 30/05/12 Are Mutual Funds betting on DLF?

DLF will have to say something to justify its price. It's a most important set of numbers today but it's not Wipro it's not Larsen , I think it's DLF squarely. It will be interesting to see what they come up with. You know it's difficult for any analyst to pinpoint what exactly revenues and profits would be, so loosely speaking the street is expecting around Rs 2800 crore of revenues today and 50% of the net profit margin is what DLF's guidance has been. So Rs 1400 crore of profit, now that's a tall order, that's a staggering number to deliver Rs 1400 crore of net profit in a quarter. But if they do that then people will say that they will do Rs 6000 crore for the full year, if they do Rs 8 earnings per share for this quarter they will probably go on to do more than Rs 35 for the full year.

If they do that it's the stock terribly expensive as expensive as they looks on the face of it. It's trading at Rs 17-18 in times if they deliver at earnings per share, that's not the most expensive stock on the street it's just about index earnings. I think it's purely a function of what DLF has to come out and say today about what it can deliver in terms of cash earnings on absolutely market driven sales, no transfers between companies, group companies. We want to see pure sales and pure profit this time around and if they do that then I think the stock can even move up. Of course caveat with the fact that the stock already had a very good run in the last few days so people had been buying anticipation of good numbers and those people will probably switch out. But I think a lot of institutional money still will be getting in if the numbers are at we are expecting to deliver today. It's very important for DLF not to disappoint.