DLF Q4 sales seen down 14% at Rs 2313 cr

By Priyanka Ghosh, CNBC-TV18

DLF is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 PAT is seen down 29% at Rs 243.93 crore versus Rs 344.5 crore, year-on-year, YoY.

Its sales are seen down 14% at Rs 2313.13 crore versus Rs 2683.10 crore.

Quarter Highlights 

Expected sales of 3 msf vs 3.3 msf (QoQ)
Assumption of total sales during the year is 9.9 msf Vs 10 msf (YoY)
High interest cost to impact PAT
Interest cost @ Rs 650 Cr during the quarter vs Rs 450 Cr (YoY)
Revenue to be largely driven by launch of plotted sales development
DLF to deliver in excess of 12 msf during the full year (up from its usual run rate of 6-7 msf)
DLF has begun outsourcing its construction contracts to third parties from last quarter to increase pace of execution and improve cash flows
Debt reduction to remain muted as no progress on asset sales have been made during the quarter
Robust launches this quarter of 5 msft (10-12 msft for the full year)
Rental income rate to come off by Rs 25 Cr (Expected rental income in the range of Rs 400 Cr)