DLF is likely to post another weak quarter due to slowdown in sales. According to CNBC-TV18 poll, its net profit may see growth of 19 percent at Rs 144 crore in April-June quarter from Rs 121 crore in corresponding quarter last fiscal. During the quarter, its revenue is expected to be flat at Rs 2240 crore against Rs 2231 crore on annual basis.
In Q1 its EBITDA is seen up 5 percent at Rs 870 crore from Rs 828 crore while its operating profit margin (OPM) may stand at 38.9 percent against 37.1 percent year-on-year.
Slowdown in sales seen across all micro markets except Gurgaon. Pre-sales are expected to fall 50 percent (QoQ) at 0.24 msf versus 0.5 msf QoQ. Pre-sales value expected to fall 55 percent (QoQ) at Rs 510 crore against Rs 1130 core.
DLF Phase V super premium products are expected to be the main contributor to pre-sales. The management is targeting to achieve Rs 3000-3500 crore revenues in FY17.
Analysts polled by CNBC-TV18 will watch out monitor debt levels in Q4, Net debt increased to Rs 22200 crore versus Rs 21400 crore in Q3FY16.
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