DLF Q4 net profit seen up 4% at Rs 484 cr

DLF is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 revenues are seen down 7% at Rs 2400 crore versus Rs 2594 crore, quarter-on-quarter, QoQ.

Its EBIDTA is seen down 10% to Rs 1157 crore versus Rs 1,292 crore, QoQ.

The company's net profit is seen up 4% Rs 484 crore versus Rs 466 crore, QoQ.

Highlights

DLF launched 6.5 MSF in 9MFY11, 4 MSFT in 4QFY11

DLF had indicated launches of 8.6 MSF during Q4

DLF likely to miss its FY11 sales guidance of 12 MSFT

DLF had clocked in 12.5 MSF during FY10

DLF likely to clock in sales of 2 To 2.5 MSFT during the Qtr 4

Revenues likely to be boosted by recognising of sales of Plotted Developments in Chandigarh

Q4 launches include Kings Court (New Delhi) Horizon Centre (Gurgaon, Commercial) Hyde Park (Chandigarh)

Company had indicated launching 8.6 MSFT during Q4

Company expected to keep up with leasing targets

Comapny estimated to clock in lease of 1-1.5 MSFT

Company had targetted 3-4 MSF for the full year

Debt likely to reduce from Q2

Debt figure key Monitorable

Interest cost increasing to impact DLF negetively

No fresh divestment of non core assets expected during Q4