Real estate major DLF is expected to report profit at Rs 114 crore for July-September quarter, lower by 51 percent compared with Rs 233 crore in year-ago.
Revenue during the quarter is expected to be flat Rs 2,086 crore against Rs 2,070 crore in corresponding quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.
Operating profit is likely to decline 11 percent year-on-year to Rs 905 crore and margin may shrink 580 basis points to 43.4 percent in Q2.
Analysts expect sales to remain lackluster due to weak market conditions and GST impact. They also expect weakness to continue over the QoQ growth in pre-sales with no new launches.
Key monitorable would be the Net debt which had increased for the past few quarters and commentary on debt reduction.
The stock surged 93 percent in 2017, majorly due to the stake sale in the rental arm. DLF has got the final approval from Competition Commission of India to sell the stake in DLF Cyber City Developers. It expects cash inflow from the deal by end of November and that cash inflow will reduce the debt by more than half.
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